Northern Ontario Heritage Fund Corporation providing over $1.2M to seven businesses
by CM Staff
Funding includes manufacturing businesses to help them purchase new equipment and create new jobs.
TIMMINS – The Ontario government is providing more than $1.2 million to help seven businesses expand operations in the Nipissing region. The funding will purportedly help to create 33 new jobs and promote economic development in the area.
“With this support, our government is strengthening communities, creating jobs and helping more northerners live, work and build careers in Northern Ontario,” said Vic Fedeli, MPP for Nipissing.
Funding for the following businesses is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC):
- $400,000 for Fabrene Inc. – a manufacturer and supplier of high-quality plastic products – to purchase new equipment and improve its infrastructure.
- $200,000 for Eagle Eye Drilling Services Inc. – a drilling contractor that specializes in longhole drilling services for the underground mining sector – to purchase drills and other equipment. The project is expected to create 14 full-time jobs.
- $199,950 for Eastep Family Farms – a meat goat farming operation – to purchase equipment and set up the farm. The project is expected to create one part-time and three full-time jobs.
- $175,922 for The Finch Beach Resort to build a winterized artist studio, renovate four cabins and a shed, and purchase new furniture and appliances. The project is expected to create two part-time jobs.
- $160,316 for Canor Construction Inc. – a landscaping, demolition, construction and residential and commercial waste removal service – to establish a waste processing and recycling centre in North Bay. The project is expected to create seven full-time jobs.
- $101,004 for North Bay Plastic Molders Ltd. – a plastic injecting molding service – to purchase new equipment. The project is expected to create five full-time jobs and one part-time job.
- $14,400 for the Municipality of East Ferris to support the planning phase of its new industrial park development.
The NOHFC promotes economic prosperity across Northern Ontario by providing financial assistance to projects—big and small, rural and urban—that try and stimulate recovery, growth, job creation and skills development.
