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2 clusters · 4 sources · 5 days · First seen · Last updated

Northern Ontario economic development investments

Overview

The Ontario government is utilizing the Northern Ontario Heritage Fund Corporation (NOHFC) to provide various forms of economic development funding across the region.

Initial investments focused on community infrastructure and tourism, including $45,000 for the Canadian Raceboat Hall of Fame in Muskoka Lakes and $157,046 for the Mountjoy Farmers’ Market pavilion in Timmins.

Subsequent funding efforts shifted toward industrial support, with over $3.4 million allocated to 12 manufacturing companies. This larger investment aims to strengthen the domestic supply chain and protect the economy against potential U.S. tariffs by helping businesses upgrade facilities and equipment, with an estimated goal of creating 80 jobs.

Entities

Northern Ontario Heritage Fund Corporation · George Pirie · Jennmar Canada Ltd. · Ontario · Porcupine District Agricultural Society

Timeline

  1. [BUSINESS] 2 sources
    Ontario invests $3.4 million to bolster northern manufacturing

    Ontario is investing over $3.4 million via the NOHFC to support 12 northern manufacturing companies, aiming to create 80 jobs and strengthen the domestic supply chain.

  2. [BUSINESS] 2 sources
    Ontario invests in Northern Ontario tourism and infrastructure

    The Ontario government is investing over $200,000 through the NOHFC to upgrade the Canadian Raceboat Hall of Fame in Muskoka Lakes and the Mountjoy Farmers’ Market pavilion in Timmins.

Sources

boatingindustry.ca · canadianboating.ca · eawaz.com · timminspress.com