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Funds aim to attract business investment

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The provincial government is helping attract business investment to Northwestern Ontario with help from the Ontario government’s GO North Investor Program, Northern Development and Mines minister Rick Bartolucci announced last Wednesday.

“We are pleased to see communities working together on a regional level to promote the distinct advantages of locating a business in Northern Ontario,” said Bartolucci.

“Northern Ontario will become more prosperous as these communities attract new business and investment activities to their area.”

The Northwestern Ontario Development Network, a group of economic development agencies representing communities from across Northwestern Ontario, has received $3,750 from GO North’s Northern Communities Investment Readiness (NCIR) initiative.

The funding will be used to deliver economic development training to officials from Atikokan, Ear Falls, Machin, Kenora, Sioux Lookout, Thunder Bay, and Red Rock First Nation.

In addition, the Township of Nipigon has received $1,827 to provide economic development and investment readiness training to enhance investment attraction skills and activities.

The NCIR initiative gives eligible communities, economic development corporations, and First Nations up to $5,000 per application to develop essential and strategic community tools to help increase investment readiness and attract investors.

This initiative promotes a strong investment attraction climate in Northern Ontario.

“One of our top priorities is to help tap the economic development potential of the region,” said Thunder Bay-Superior North MPP Michael Gravelle.

“That’s why I was also pleased with the Ontario budget announcement of Dr. Robert Rosehart as Northwestern Ontario economic facilitator to work with local people and businesses to help inspire a new generation of growth in the northwest.”

“This project has the potential to significantly help bring jobs and long-term prosperity to the northwest,” echoed Thunder Bay-Atikokan MPP Bill Mauro.

“We are pleased to continue to support our communities as they spread the message to global markets that Northern Ontario is a great place to do business,” he added.

To date, roughly $410,000 in investment readiness funding has been provided to 35 initiatives across the north.

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