COCHRANE – The Ontario government is providing more than $6.3 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to seven economic development projects in Cochrane. Ontario is investing in Cochrane’s prosperity and sustainability, while helping build a stronger Ontario by creating good-paying jobs, expanding business operations, supporting critical infrastructure and improving quality of life in the North.
“Cochrane is an important economic hub,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “By investing in projects from varied sectors, our government is promoting a more diverse economy and supporting job creation in the community.”
Examples of projects receiving NOHFC funding include:
- $3,585,603 for Rockshield Engineered Wood Products to renovate its facility and purchase equipment to improve mill productivity and efficiency
- $1,000,000 for the Town of Cochrane to install municipal water and wastewater infrastructure along a section of Highway 11 South – a segment of the Trans-Canada Highway – to support further commercial development along the corridor.
- $42,500 for the Town of Cochrane to develop a feasibility study to establish a research isolation facility at the Cochrane Polar Bear Habitat to enhance polar bear care and support research on climate change and sustainability of the polar bear population.
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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