NORTH BAY – The Ontario government is providing more than $2.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to nine projects to strengthen the mining supply, forestry, agriculture and technology sectors in North Bay. This investment will help support job creation, boost economic growth and improve quality of life in northern communities.
“Our government continues to foster a strong future in Nipissing by supporting economic growth, job creation and reaffirming the North as a great place to live and work,” said Vic Fedeli, MPP for Nipissing. “It’s one more way we are signalling to the world that Northern Ontario is open for business and open for jobs.”
Examples of projects receiving NOHFC funding include:
- $887,500 for DDS Drilling Services to purchase new equipment to expand its diamond core drilling services.
- $144,092 for North Bay Machining Centre Inc. to purchase new equipment and update its electrical infrastructure to help improve productivity.
- $56,988 for Metal Fab to purchase new equipment to meet growing customer demand.
“Promoting business expansion helps create jobs and keep the North competitive,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “These investments will help our mining supply, forestry and technology sectors grow and thrive, providing good job opportunities for northerners.”
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.
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