Sheehan announces $2.6 million in funding for small and medium sized businesses in the Sault

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Terry Sheehan
Photo by: Tammy Fiegehen

SAULT STE. MARIE, ON – MP Terry Sheehan has announced $2.6 million in funding for small and medium-sized businesses in Sault Ste Marie and Algoma.

Sheehan made the announcement in his capacity as Parliamentary Secretary for Melanie Joly – the minister responsible for FedNor.

The money is designed to help the region modernize, adopt new technologies, increase competitiveness, and create jobs.

“These initiatives will assist small and medium-sized businesses in the Sault and Algoma region on the road to prosperity and growth,” says Sheehan. “Today’s investments will enable community partners, such as the Sault Ste. Marie Innovation Centre and Sault College, to work with the private sector to support the commercialization and adoption of technologies and accelerate business growth to create jobs across the region.”

Peter Bruijns, Executive Director, Sault Ste. Marie Innovation Centre, is excited about the support received from FedNor. “We share a common goal with the Government of Canada and that is to help businesses succeed and grow by empowering ideas through technology enhancement and innovative solutions.”

3 COMMENTS

  1. How? More and clearer details this time.
    This time around how many strings will be attached like that time?
    How many holes will local businesses fall through like last time?
    Will this “funding” just be by way of more loans like last time?
    SMALL BUSINESSES DON’T NEED MORE DEBT!
    Our debt was bad enough before covid, but with the debt we had to incur because of stage 1 we can’t handle any more!
    We know Trudeau doesn’t like small businesses since in Sept 2015 he said “small businesses are just tax cheats”.

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