The Government of Canada is investing over $5 million into businesses, organizations and communities in Parry-Sound Muskoka as part of the Federal Economic Development Initiative for Northern Ontario (FedNor), according to an announcement on April 15.
Patty Hajdu, minister of Employment, Workforce Development and Labour and member of parliament for Thunder Bay-Superior North, made the announcement in Bracebridge on behalf of the Navdeep Bains. Bains is the minister of Innovation, Science and Economic Development and is the minister responsible for FedNor. FedNor’s programs and initiatives support projects in Northern Ontario that promote sustainable community economic development, enhance business growth and facilitate innovation.
“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,” Hajdu said. “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 funding will support 13 projects being led by Lakes of Muskoka Cottage Brewery Inc. (Muskoka Brewery), 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.
Bob MacDonald, co-owner Muskoka Brewery, said it’s a great day for Muskoka Brewery and that he wants to thank Minister Hajdu, FedNor and the Government of Canada for the investment. Muskoka Brewery is receiving the largest portion of the funding with a repayable contribution of $1,999,800.
“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,” MacDonald said. “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.”
For more information about where the funding comes from and how it will be distributed, click here.