April 15, 2015 — Cobalt, Ontario — Industry Canada/FedNor
Member of Parliament Jay Aspin (Nipissing—Timiskaming), on behalf of the Honourable Greg Rickford, Canada's Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario (FedNor), announced today an investment to strengthen the economic outlook for the Town of Cobalt and surrounding communities, and to help the region capitalize on business and economic development opportunities.
An investment of $301,500, provided through FedNor's Community Investment Initiative for Northern Ontario (CIINO), will enable the Town of Cobalt, in partnership with the Town of Latchford and the Township of Coleman, to hire an economic development officer (EDO) for a three-year period to implement key economic development growth initiatives for the region.
Some of the regional projects to be undertaken by the EDO include: attracting private sector investment to the area; forming strategic alliances with neighbouring First Nations; creating a marketing plan to promote tourism; developing industrial parks in Latchford and in Coleman Township; and facilitating the sale of municipally owned waterfront property along the Montreal River.
Alexandra Lemieux
Press Secretary
Office of the Honourable Greg Rickford
613-996-2007
Alexandra.Lemieux@NRCan-RNCan.gc.ca
Barclay Babcock
Communications Officer
FedNor
705-670-0957 or 1-877-333-6673 Ext 303
