Ontario invests more than $2.1M in fives businesses in the North Bay area
Funding will create new jobs and promote economic development in Northeastern Ontario
Technology / IIoT
NORTH BAY — The Ontario government is investing more than $2.1 million in five businesses and one film project in the Nipissing region to help create 19 new jobs and promote economic development in Northeastern Ontario.
“As we continue to navigate COVID-19 and the effects on the economy, our government is committed to strengthening the local manufacturing, film and forestry businesses,” said MPP Vic Fedeli. “These investments will support job growth within the Nipissing region.”
Funding for the projects is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC):
- Advanced Carbon Engineered Solutions Inc. is receiving $600,350 to expand and diversify the business by moving to a larger facility and purchasing additional equipment and technology to increase its production capabilities.
- FPInnovations is receiving $525,600 to support its scientific and technical staff in connecting with forest sector businesses to help attract investment, grow skilled employment and achieve tangible economic impacts in northern and Indigenous communities.
- JoBro Productions Inc. is receiving $500,000 to produce a crime-thriller feature film entitled Delia’s Gone, filmed in the North Bay area.
- Mark and Peter Kunkel Farms is receiving $338,235 to expand and modernize its current farm operation by building a new barn and purchasing additional equipment.
- Drillers Edge Inc. is receiving $85,084 to purchase new equipment, renovate and add security and monitoring systems to its facility.
- SafeSight Exploration Inc. is receiving $65,171 to build two prototypes of a mine rescue drone for underground mining operations, allowing mining companies to assess gas/air quality and thermal conditions quickly.
“Supporting local businesses as they expand and innovate will help create jobs, keep the north competitive and attract new investment,” said Greg Rickford, Minister of Energy, Northern Development and Mines. “These investments are helping businesses thrive, leading to economic diversification and providing real opportunities for employment in the region.”
The Northern Ontario Heritage Fund Corporation (NOHFC) promotes economic prosperity across Northern Ontario by providing financial assistance to projects – big and small, rural and urban – that stimulate recovery, growth, job creation and skills development.