Ontario is investing in the Algoma-Manitoulin region by supporting projects that will help to create innovative new business opportunities. These projects will help establish new sources of revenue for the communities and create jobs in industry, tourism, energy and manufacturing.
Through the province’s Northern Ontario Heritage Fund Corporation (NOHFC), $230,000 is being invested in eight projects in the area:
The Manitoulin Wind and Solar Institute in M’Chigeeng First Nation is receiving $45,000 to study the feasibility of launching a business that would assemble solar‑powered generators.
Billings Township is receiving $42,500 to complete a design and cost analysis on enhancing its waterfront infrastructure to attract more tourists.
Wawa received $34,344 to develop a mining sector growth strategy to attract new businesses to the region.
The Municipality of Gordon-Barrie Island received $32,665 for a feasibility study on developing a new business park in the community.
The Township of Dubreuilville received $31,596 to explore mining-related business opportunities in the area.
The Blind River Development Corporation is receiving $18,516 to study the feasibility of establishing an RV park adjacent to a natural beach on Lake Huron.
The Blind River Development Corporation received $14,333 to evaluate the ability of the town to host a chemical blending and distribution facility.
The Municipality of Killarney received $11,517 to complete a community economic development plan.
Investing in business development is part of the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
Since 2003, the NOHFC has invested more than $1 billion in 6,620 projects in Northern Ontario, creating or sustaining more than 25,300 jobs.
In the Algoma-Manitoulin region, the NOHFC has invested $88 million in 657 projects, creating or sustaining more than 1,600 jobs, since 2003.
The NOHFC’s investments in economic development are an important part of the Ontario government’s Growth Plan for Northern Ontario.