Province investing $1.9M into community and company growth and creating jobs
The Ontario government is investing more than $1.9 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in four economic development projects in the Village of South River. This investment will improve municipal infrastructure, expand business operations and create employment in Northeastern Ontario.
“Our government is passionate about ensuring small and rural communities across the Parry Sound region have the tools and resources they need to thrive,” said Graydon Smith, MPP Parry Sound-Muskoka. “We’re making strategic investments in local organizations and businesses that are helping people in need, creating jobs and improving local quality of life.”
The NOHFC is funding the following projects:
- $768,492 for the District of Parry Sound Employment Services Inc. (Employment North) to create a workforce development hub – a one-stop destination for employers, employees and job seekers – that offers services such as employment searches, career development and training, and meeting space
- $645,434 for Swift Canoe & Kayak to purchase equipment and renovate its manufacturing facility to improve production capacity
- $345,695 for Almaguin Forest Products to purchase equipment and update its sawmill to improve production capacity and efficiency
- $189,000 for the Village of South River to modernize the South River Train Station – a gathering and event space for the community.
“Through targeted investments, our government is building strong, resilient and prosperous communities and businesses in South River and across the North,” said Greg Rickford, Minister of Northern Development. “By working together with our northern partners, we continue to make Northern Ontario an attractive place to live, work, play and do business.”
The NOHFC promotes economic prosperity across Northern Ontario by providing financial assistance to projects—big and small, rural and urban—that stimulate growth, job creation and skills development. Since June 2018, the NOHFC has invested more than $639 million in 5,265 projects in Northern Ontario, leveraging more than $2 billion in investment and creating or sustaining over 8,420 jobs.