In the midst of mills being idled, pink slips issued, and companies filing for bankruptcy, there remains clear potential for the emerging bio-economy in Northwestern Ontario as long as the primary industry can hold on and remain functioning.
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While the forestry industry has been experiencing thousands of job layoffs and a reduction in orders for some time, and companies such as AbitibiBowater facing a long, complex financial restructuring to reduce its debt of more than $6 billion (U.S.), Ontario Natural Resources minister Donna Cansfield said she’s hopeful there is a future for the sector—it just has to make it through the transiti
In a further effort to promote property development and revitalization in Fort Frances, the town and Rainy River Future Development Corp. have worked together in recent months to re-tool the Community Improvement Plan and now are ready to offer financial incentives.
In a report to council Monday night, the three following programs were outlined:
Local MP John Rafferty, the NDP’s forestry critic, yesterday slammed Natural Resources minister Lisa Raitt for failing to offer federal assistance, including loan guarantees and a national summit to co-ordinate government action, to the hard-hit forestry sector.
Hopes to build
Town council voted 5-2 against the contract to build the $4.7-million Fort Frances Public Library and Technology Centre on Monday night, with the majority of council agreeing the project is beyond this year’s budget.
The town is getting ready to begin the $5.4-million Portage Avenue, Nelson Street, and Victoria Avenue truck route upgrade next month, which will see the town improve the roads, as well as sewer and water, in relation to AbitibiBowater’s biomass boiler project.
Town council deferred any decision on the proposed relocation and refurbishment of the Hallett and lookout tower pending further costing information from Tom Jones Construction.
The Ontario Ministry of Finance has released its annual list of public-sector employees who earned more than $100,000 in 2008.
Rolling out on top for this area was Senior Justice Donald Fraser with a salary of $299,460.77, followed in second by Justice Alan Thomas McKay ( $252,866.07).
The Fort Frances Power Corp. stated Monday that if the hydroelectric assets here are sold down the road, it will fight to make sure all rights and obligations of the historic mill power agreement are properly transferred and that the terms will remain unchanged.
Electronic devices may cost a little bit more from now on as Phase 1 of the Waste Electrical and Electronic Equipment (WEEE) program kicked in across the province today.
The program—run by the Ontario Electronic Stewardship—will see “environmental handling fees” placed on certain electronic products.