Investing to accelerate economic and business growth in Parry Sound-Muskoka
Government of Canada supports projects with municipalities, Indigenous communities and the private sector to capitalize on opportunities and create jobs throughout the area
April 15, 2019 – Bracebridge, ON – Federal Economic Development Initiative for Northern Ontario - FedNor
People, businesses and communities throughout Parry Sound and Muskoka will benefit from enhanced economic infrastructure, the growth of small and medium-sized enterprises, and the creation of good, middle-class jobs thanks to a strategic investment by the Government of Canada of more than $5 million.
The announcement was made today by the Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, and Member of Parliament for Thunder Bay—Superior North, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
The FedNor funding announced today will support 13 priority projects being led by the following businesses, organizations and communities: Lakes of Muskoka Cottage Brewery Inc., Township of Georgian Bay, Muskoka Futures, Seguin Township, Parry Sound Area Community Business and Development Centre, Tooketree Passive Homes, Magnetawan First Nation, Main St. Local Kitchen Inc., Muskoka Lakes Chamber of Commerce, Muskoka Tourism, Regional Tourism Organization 12 Parry Sound / Muskoka, and YWCA Muskoka.
“Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today’s investment in Parry Sound—Muskoka is building on our competitive advantages by enabling communities and businesses to boost economic growth and create good, middle class jobs for Canadians.”
- 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 recognizes the unique needs of Northern Ontario and is investing to strengthen communities, accelerate growth and innovation, and promote the region as a world-class tourism destination. This funding will help start and grow businesses through productivity improvements, new equipment and technology, training, mentoring and access to capital. It will also help a number of young Canadians launch their careers while assisting local organizations and businesses access a talented and qualified workforce.”
- The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour
“Today is a great day for Muskoka Brewery. I would like to thank Minister Hajdu, FedNor, and the Government of Canada for this investment in our company. The team here at Muskoka Brewery has been pouring its heart and soul into growing our brand and we have taken steps through the years to reduce our environmental impact and grow our operations through innovation and technology. Thanks to this investment, we have been able to boost production to meet increasing demand and I am extremely proud to announce that we are now one of the largest independent craft breweries in Canada.”
- Bob MacDonald, co-owner Muskoka Brewery
“Today’s investment highlights the important role the partnership between communities, businesses and the Government of Canada plays in advancing the social and economic well-being of the Parry Sound—Muskoka region. By supporting key sectors of our economy such as tourism, manufacturing, innovation and small business, FedNor is helping to ensure people, businesses and communities have access to the resources they need to grow and prosper.”
- John Klinck, Chairman of the District Municipality of Muskoka
The funding announced today is provided through FedNor’s programs and initiatives, which support projects in Northern Ontario that promote sustainable community economic development, enhance business growth and facilitate innovation.
Since 2016 and through successive budgets, the Government of Canada has earmarked an additional $62 million for FedNor in support of various initiatives to enable the organization to further strengthen Northern Ontario’s economy and create even more middle-class jobs for Canadians.
The Prosperity and Growth Strategy for Northern Ontario outlines the Government of Canada’s approach to ensure the region can fully benefit from the national Innovation and Skills Plan. It is focused on three key economic development areas: supporting innovation; growing companies; and building stronger communities.
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