STURGEON FALLS – The Ontario government is providing more than $460,000 through the Northern Ontario Heritage Fund Corporation (NOHFC) to two forestry and manufacturing sector projects in Sturgeon Falls. This investment will go towards purchasing new equipment and upgrading facilities, and help to build a stronger Ontario by creating jobs, expanding business operations and boosting economic development in Northeastern Ontario.
“Promoting business expansion in our forestry and mining sectors helps these important industries and the companies that service them remain competitive, innovative and current,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “These investments not only enable these companies to grow and thrive, but also bring good-paying jobs to the community.”
Sturgeon Falls Brush and Contracting Limited, a land clearing contractor and forestry service provider, will receive $400,000 to purchase new equipment to diversify its operations.
Best Blasting Mats Inc., a manufacturer of rubber blasting mats under Dynamat Inc., will receive $61,333 to upgrade its facility and purchase new equipment to allow the company to introduce three new product lines to serve new markets.
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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