FedNor Injects $2.7 Million to Support Business and Manufacturing, Enhance Broadband Services and Create Youth Employment in the Muskoka Region
News Release
February 28, 2017 – Huntsville, ON – Federal Economic Development Initiative for Northern Ontario - FedNor
The Government of Canada is investing $2,772,519 to accelerate business, economic and industrial growth, while creating jobs and advancing technology, innovation and broadband services throughout the Muskoka region. This strategic investment will support seven priority projects that will be led by six local organizations that include Parry Sound–Muskoka Community Network, Muskoka Millwrighting and Machining, Algonquin Natural Stone, Township of Strong, Muskoka North Good Food Co-op, and Muskoka Chautauqua.
Identified as regional priorities, the funded projects will create youth employment, streamline economic development in the Central Almaguin area, and help businesses adopt e-business solutions. The funding will also help two major employers expand their operations and create middle-class jobs in the region.
Paul Lefebvre, Member of Parliament for Sudbury, made the announcement today on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor. Once fully implemented, these projects will help local businesses increase sales and exports, while assisting to create or maintain more than 350 middle-class jobs and attracting more than $7.5 million in private sector investment to the region.
Quotes
"The Government of Canada recognizes that Northern Ontario’s economy plays an important role in the success of our nation. By investing in strategic initiatives that encourage innovation and pave the way for entrepreneurs, businesses and communities to succeed, our government is creating the right conditions so the middle class can thrive and our economy can reach its full potential."
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
"I am proud to be part of a government that is empowering Northern Ontario communities and businesses to take charge of their economic future. Today’s announcement will kick-start a new era for technology and innovation, while attracting private-sector investment to the area, creating middle-class jobs and supporting a stronger, diversified economy."
Paul Lefebvre, Member of Parliament for Sudbury
"The funding announced today highlights the important role the Parry Sound Muskoka Community Network plays in advancing innovation and helping organizations leverage new digital technologies. By supporting key economic sectors such as technology, manufacturing, economic development and youth, the Government of Canada is ensuring our region has access to the resources it needs to succeed here at home and around the world."
John Finley, Board Chair, Parry Sound Muskoka Community Network
Quick Facts
- FedNor’s Northern Ontario Development Program supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.
- Through its Targeted Manufacturing Initiative for Northern Ontario, FedNor supports the development and growth of the region’s manufacturing sector by helping companies to assess the need for productivity improvements and modernize their operations.
- Funding provided through FedNor’s Youth Internship Initiative has helped more than 1525 young post-secondary graduates gain crucial on-the-job experience, while assisting businesses and organizations in growing the economy by helping them access a qualified and talented workforce.
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Contacts
Barclay Babcock
Communications Officer
FedNor
705-690-0957
barclay.babcock@canada.ca