Look Who Got One Million Dollars Today

By
Craig Huckerby
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0
David Orazietti MPP; James Caicco, NOHFC Board Member; Ella Jean Richter, NOHFC Board Member; Jim Boniferro, CEO, Boniferro Mill Works
Today, David Orazietti MPP announced the province’s continued support of businesses in Sault Ste. Marie through the Northern Ontario Heritage Fund Corporation (NOHFC), with an investment of $1 million for a building expansion and new equipment at Boniferro Mill Works.

“Our government is committed to strengthening businesses in Sault Ste. Marie and ensuring communities across Northern Ontario continue to grow,” said Orazietti. “This funding will allow Boniferro Mill Works to not only purchase much-needed modern equipment, but allows the mill to expand its operations, create new jobs and better position the company for long-term growth.”

David Orazietti MPP and Jim Boniferro, CEO, Boniferro Mill Works

The provincial investment of $1 million will allow the long-standing local sawmill to undertake a nearly $3 million capital expansion.  This project includes the purchase of major pieces of equipment, such as a new rotary de-barker and chipper. The project funding will also allow for the expansion of the saw mill facility to accommodate current upgrades and future growth, helping to protect approximately 50 existing jobs, while creating 5-10 new jobs and approximately 25 indirect forestry harvesting jobs.

 
“This investment will bring much needed equipment upgrades to the sawmill and we appreciate the continued support from MPP Orazietti,” said Jim Boniferro, CEO of Boniferro Mill Works. “The project will improve efficiencies all the way from how we receive logs to electrical conservation.  We will be able to increase employment while retaining current jobs, improve product quality and expand our markets.” 
 
Investing in Northern businesses is part of the government’s economic plan for Ontario. The four‑part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
 
QUICK FACTS
  • Since 2003, the NOHFC has invested almost $1 billion in more than 6,750 projects in Northern Ontario, creating or sustaining nearly 25,100 jobs.
  • In Sault Ste. Marie, the NOHFC has invested $95 million in 796 projects, creating or sustaining more than 2,819 jobs, since 2003.
  • The NOHFC’s investments in economic development are an important part of the Ontario government’s Growth Plan for Northern Ontario. A strong northern economy will give the people of Ontario more opportunities for jobs and economic prosperity.
 
Some of the NOHFC investments in local business in Sault Ste. Marie since 2003 include:
  • $3.4 million for the Sault Ste. Marie Airport Development Corporation
  • $2.5 million Heliene Solar Manufacturing Plant
  • $2.1 million Sault Harbour Expansion
  • $2.1 million Flakeboard Ltd. Expansion
  • $1 million Triple M Metal
  • $1 million SIS Manufacturing to upgrade equipment and infrastructure
  • $785,500 Palmer Construction Group Inc.
  • $738,200 for Rector Machine Works infrastructure and equipment upgrades
  • $475,000 Soo Foundry & Machine equipment upgrade
  • $202,750 China Steel equipment upgrades

 


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