Big Bucks Announced Downtown For Small Business Growth

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Greg Rickford, Canada’s Minister of Natural Resources and the Minister for the Federal Economic Development Initiative for Northern Ontario (FedNor), today announced an investment that will support Northern Ontario youth and position small and medium-sized businesses for growth.

“Our Government is helping Northern Ontario communities and businesses maximize their potential by investing in key initiatives that create opportunities for youth, business growth, economic development and job creation.” Greg Rickford, Canada’s Minister of Natural Resources and Minister for FedNor said today. “Today’s announcement will increase the competitiveness of entrepreneurs in Sault Ste. Marie and across the region, as well as strengthen the economy of Northern Ontario,”

This Harper Government investment of $2,158,000 will support 30 youth internships across Northern Ontario, enable the City of Sault Ste. Marie to revitalize its downtown core with streetscape improvements, and assist the Sault Ste. Marie Economic Development Corporation to establish and operate a small business incubator in the community’s downtown area.

“Today’s announcement will not only assist a variety of small and medium-sized enterprises to complete a range of strategic initiatives with the help of youth interns, it will also retain talented, young post-secondary graduates in Northern Ontario, as well as help businesses to grow, create jobs and prosper, delivering positive results for the people who live and work in the region” said Bryan Hayes,Sault Ste. Marie MP.

In addition, Minister Rickford launched a new initiative to help more small and medium-sized enterprises in Northern Ontario benefit from the talent and skills offered by post-secondary graduates to support business growth.

The private sector youth internship initiative will be delivered through two Community Futures Development Corporation (CFDC) Networks, on behalf of CFDCs across Northern Ontario.

“On behalf of all the funding recipients, I’d like to thank FedNor and Minister Rickford for their support of youth interns who provide organizations across the North with much sought-after skills. We recognize how important youth are to the vitality of our region.”Debbie Amaroso, Mayor, of Sault Ste. Marie commented. “we are excited about moving forward with two priority initiatives that will help address commercial vacancies in the downtown area and extend support services for sustainable business development”

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