Sault Ste Marie MP Terry Sheehan has announced $3.9 million in support for 27 small and medium sized businesses in North-Central Ontario and the Timmins-James Bay region.
The funding is being administered by FedNor through the Regional Relief and Recovery Fund.
The money covers various communities across the region including Sault Ste Marie, Algoma, Manitoulin, Hearst, Kapuskasing, Timmins, Kirkland Lake and the James Bay region.
Organizations such as Tourism Sault Ste Marie, Timmins Chamber of Commerce and Destination Manitoulin Island will also receive some money to bridge the financial gap caused by the COVID-19 pandemic.
“Our government is committed to doing whatever it takes to protect families, business and jobs in Sault Ste. Marie and across Northern Ontario,” says Sheehan. “These strategic investments will help put COVID-19 behind us as quickly as possible by supporting an innovative and fair economy that supports jobs and growth across the region.”
Joseph Bisceglia, Chair of Tourism Sault Ste Marie, says the funding will help position tourism, which he calls a cornerstone of the economy, for a quick recovery.
“This funding will help ensure we can continue to promote our community, maintain local jobs, generate new revenues and bridge a financial gap caused by the pandemic,” says Bisceglia.