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Town to apply for economic development funding

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The province's Rural Economic Development (RED) program, which provides cost-share funding to support activities that create strong rural communities, has started accepting applications.

The program's intake will run until Feb. 24 and Mayor Caul said the Town of Fort Frances will submit an application, despite a very narrow window to apply.

“With much needed funds to revitalize our Point Park, Sportsplex and develop the newly acquired Shevlin Woodyard, consisting of 22 acres on our waterfront, we can certainly use assistance from this program,” she explained.

The RED program is aimed at creating rural economic development through assistance funding that addresses barriers to economic development and better positions rural communities to attract and retain jobs and investment and enhance economic growth.

RED's Economic Diversification and Competitiveness stream covers up to 50 percent of eligible project costs, to a maximum of $150,000.

And the program's Strategic Economic Infrastructure Stream covers up to 30 percent of eligible project costs, to a maximum of $250,000.

Applicants will be notified as funding decisions are decided, usually within three months from the Feb. 24 intake closure date. However, timing may vary.

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