Ontario Increasing Economic Opportunity in Temiskaming Shores Area

$6.4 million provincial investment will strengthen regional economy

The Ontario government is providing more than $6.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to 21 economic development projects to purchase equipment and upgrade facilities in the Temiskaming Shores area. This investment will help build a stronger Ontario by creating good-paying jobs, expanding business operations, supporting critical infrastructure and improving quality of life in the North.

“From day one, our government has been focused on keeping the North current and competitive,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “Today’s targeted funding will create diverse employment and investment opportunities across the Temiskaming Shores area.”

 

Projects receiving NOHFC funding include:

  • $540,000 for Tri Town Ski and Snowboard Village to upgrade its facilities and become a year-round outdoor recreation destination
  • $169,500 for Loren Runnalls Farms – a grain and oilseed farm – to purchase equipment
  • $136,342 for Three H – an office furniture manufacturer – to build a new warehouse
  • $76,244 for Hillview Dairy – a dairy farm – to build a new barn and purchase equipment.

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 $473 million in 4,244 projects in Northern Ontario, leveraging more than $1.5 billion in investment and creating or sustaining over 6,600 jobs.

Quick Facts

  • In 2021, the Ontario government launched new and improved NOHFC programs that support more projects in rural northern communities and make it easier for more people and businesses to apply. The programs target existing and emerging markets, provide more work opportunities for Indigenous people and address the skilled labour shortage in the North.

Quotes

“Our government is committed to supporting farmers as they modernize and utilize new technologies that will see the agri-food sector grow. These investments add to several measures that will also enable farmers in Northern Ontario to continue to play an important role in providing Ontarians with a reliable supply of safe and delicious foods.”

– Lisa Thompson
Minister of Agriculture, Food and Rural Affairs

“The support of the Ontario government is critical to our vision to grow the Tri Town Ski and Snowboard Village into a year-round multi-use facility. NOHFC support allows us to take action on our vision to create new and improve existing infrastructure, products and services that benefit not only the Tri Town Ski and Snowboard Village but also benefit and contribute economically and socially to our community and surrounding area.”

– Mark Howey
President, Tri Town Ski and Snowboard Village

“With the support of the Ontario government, Three H was able to proceed with adding space to our current facility that is instrumental for our growth. Three H is appreciative of NOHFC funding, which made it possible to explore and implement new manufacturing techniques. More employment opportunities have been created that will benefit Three H and our entire community.”

– Chris Binnendyk
Chief Executive Officer, Three H

Source Province of Ontario 

Be the first to comment

Leave a Reply

Your email address will not be published.


*