Ontario government investing $3.6M in Greater Sudbury area
by CM Staff
Funding includes over $1.6M for the City of Greater Sudbury to lead a Northern Ontario Exports program to help SMEs take advantage of exporting opportunities.
SUDBURY – The Ontario government is providing more than $3.6 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to 13 economic development projects in the Greater Sudbury area. This investment hopes to build a stronger Ontario by creating more jobs, boosting economic growth and improving quality of life in northern communities.
“As the largest city in Northern Ontario, Sudbury is a major economic hub and industrial centre,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “By investing in projects from varied sectors in Greater Sudbury, our government is promoting a more diverse economy and supporting job creation in this important region.”
Projects receiving NOHFC funding include:
- $1,606,250 to the City of Greater Sudbury to lead the Northern Ontario Exports program aimed at assisting small and medium sized enterprises from across Northern Ontario to take advantage of global exporting opportunities
- $500,000 to Verv Technologies to support the commercialization of an at-home health monitoring system
- $67,175 to Bio-Mine Ltd. to develop fast, efficient and affordable COVID-19 testing kits
“As we all work together towards economic recovery, our government is making strategic investments in communities in every part of the province—including Ontario’s North,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Exciting new projects like these will help to create good, local jobs in Sudbury in a variety of sectors and stimulate new growth across the region.”
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.
