FedNor investing over $2.2 million in the Muskoka region
News release
Federal government investing in four projects in the region
March 13, 2023 – Gravenhurst, ON - Federal Economic Development Agency for Northern Ontario – FedNor
Today, new investments from FedNor totalling $2,210,299 were announced in support of four community and business growth initiatives in the Muskoka region. The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor, made the announcement during a visit to the Muskoka airport, which included a tour of Muskoka Aircraft Refinishing.
Provided through FedNor’s core programs and the Government of Canada’s Aerospace Regional Recovery Initiative (ARRI), the investments will support a variety of strategic initiatives such as helping Muskoka Aircraft Refinishing and Sawdust City Brewing Company expand, adopt state-of-the-art technology, increase revenue and reduce their environmental footprint. Today’s announcement will also create two new opportunities for young Canadians to secure meaningful employment by helping Muskoka Arts & Crafts Incorporated and Muskoka Chautauqua hire youth interns for a one-year period.
For the full list of projects and investment details, please see the backgrounder.
Quotes
“FedNor is investing in the Muskoka Region! Today’s announcement of close to $2.2 million will help Muskoka Aircraft Refinishing and Sawdust City Brewing Company expand, and give Muskoka Arts & Crafts Incorporate and Muskoka Chautauqua the opportunity to bring in new talent. FedNor is investing in the growth and potential of northern Ontario, and driving our contribution to a thriving Canadian economy.”
- The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor
“This FedNor investment will allow us to expand our facilities and purchase state-of-the-art equipment so we can service larger aircraft and capitalize on immediate and future opportunities. This major expansion will not only help us to enhance our quality of workmanship, it will allow us increase revenues and efficiencies, create
high-quality jobs and reduce our environmental footprint.”- Mike Goudie, President of Muskoka Aircraft Refinishing
“We’re thrilled that FedNor is stepping up to help us modernize the brewery so we can expand and meet increased demand. Acquiring new cutting-edge processing equipment will allow us to reduce downtime and waste, while increasing efficiencies, production and the shelf life of our exceptional craft beers.”
- Natalie Archer, Chief Operating Officer, Sawdust City Brewing Company
Quick facts
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Provided through FedNor’s core programs, and the Government of Canada’s Aerospace Regional Recovery Initiative (ARRI), the $2,210,299 announced today will support four business and community building related initiatives in the Muskoka region, helping to create and maintain 92 jobs.
The Aerospace Regional Recovery Initiative (ARRI) will help the Canadian aerospace sector emerge from the pandemic with the capacity to compete on the global stage. With a total budget of $250 million over three years (until March 31, 2024), this initiative is being delivered by Canada’s regional development agencies (RDAs). It complements support for the aerospace industry provided through Canada’s COVID-19 Economic Response Plan and by Industry, Science and Economic Development (ISED) through the Strategic Innovation Fund.
A total of $11.88 million has been allocated to FedNor to administer the Aerospace Regional Recovery Initiative in Northern Ontario over three years, ending March 31, 2024.
Related products
Associated links
Contacts
Andrew MacKendrick
Office of the Minister of Indigenous Services and Minister responsible for FedNor
andrew.mackendrick2@sac-isc.gc.ca
Federal Economic Development Agency for Northern Ontario
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