FedNor investing over $460,000 to grow the economy in the Temiskaming Shores area
News release
Federal funding will help support local long-standing businesses and foster continued economic growth in the region
August 9, 2023 – Temiskaming Shores, ON – Federal Economic Development Agency for Northern Ontario – FedNor
Today, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario (FedNor) announced significant new investments totalling $462,496 in three projects to grow the economy in the Temiskaming Shores area.
The Honourable Anthony Rota, Member of Parliament for Nipissing—Timiskaming, detailed new funding to support projects in the Temiskaming Shores area including $299,996 for Three H Furniture Systems Limited to modernize and increase manufacturing and to expand their facility, $122,500 for Grant Farms to purchase and incorporate innovative and more environmentally friendly equipment, and $40,000 to Phillips Seeds Ltd. to support the design and construction of a storage and processing building.
These investments will help maintain a healthy regional economy, and will support continued economic growth in the area. In addition to the maintenance and growth of long-standing existing businesses, anticipated benefits of these investments include: the creation of 20 new jobs; increased product diversity, manufacturing capacity, and sales; and beneficial community impacts including improved sourcing of seed grains for local farmers, and the purchase and use of raw products produced in the region.
Quotes
“The Temiskaming Shores area is marked by historic communities that have been built through hard work and determination. These investments in local businesses will help continue that hard work, and will support community members in growing and further developing the place they call home. By providing funds for a diverse set of projects, FedNor is helping to create the conditions for rural communities like Temiskaming Shores to thrive and remain central to Canada’s continued success.”
- The Honourable Anthony Rota, Member of Parliament for Nipissing—Timiskaming
“Today, we are announcing critical new investments in the manufacturing and agri-food sectors, the pillars of Northern Ontario’s economy. By supporting Three H Furniture Systems to expand their facility and enabling Grant Farms and Phillips Seeds to upgrade their equipment and facilities, we are investing in local businesses to create jobs and support economic development for everyone in the region.”
- The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor
“FedNor’s support will assist us to continue to grow, to provide new, high-quality products to our customers in North America. Three H will continue to expand its local operations which currently employs over 120 people and contributes to our community economy. Thanks to the Government of Canada, we will continue to introduce new technologies and processes to our products, here in Temiskaming Shores.”
- Roy Dittmann, President of Three H Furniture Systems Limited
Quick facts
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The projects being supported by today’s announcement are funded through the FedNor-administered Jobs and Growth Fund (JGF). JGF is a $700-million fund delivered by the regional development agencies (RDAs) to help businesses and the organizations who support them to future-proof, build resiliency, and prepare for growth by transitioning to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs. Of this support, $70 million has been dedicated to businesses and organizations created after January 2020.
- FedNor has delivered more than $26 million through the JGF across Northern Ontario to date.
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The Government of Canada’s Prosperity and Growth Strategy for Northern Ontario identifies investing in building the economic development capacity of municipalities and Indigenous communities in the region as a key action.
Associated links
Contacts
Zeus Eden
Press Secretary
Office of the Minister of Indigenous Services and Minister responsible for FedNor
Federal Economic Development Agency for Northern Ontario
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