FedNor funding to help Northern Ontario mining pavilion shine at virtual international mining convention
February 8, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Mining and related industries employ more than 634,000 people across the country and contribute as much as $97 billion a year to Canada’s GDP. In Northern Ontario alone, the mining supply and service sectors generate an estimated $5.6 billion annually and support an additional 23,000 high-quality jobs throughout the region.
Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor, today announced a Government of Canada investment of $500,000 to enable the City of Temiskaming Shores to establish the seventh annual Northern Ontario Mining Showcase (NOMS) pavilion at the 2021 Prospectors and Developers Association of Canada (PDAC) International Convention. Taking place March 8-11 on a virtual stage, PDAC 2021 is expected to reach a broader global audience, support a more targeted approach to exhibiting and help connect potential buyers or investors with new business opportunities during COVID-19 shutdowns.
“The Canadian mining sector has shown its resilience and strength throughout the COVID-19 pandemic. With many communities across Canada dependent on this important sector, our government is investing to ensure that local businesses and organizations can adapt to the new and quickly evolving realities of the global marketplace. Our investments will continue to support their efforts to strengthen Northern Ontario’s economy and create good quality jobs.” – The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor
This strategic initiative will help up to 65 businesses and organizations from Northern Ontario communities and First Nations improve their online presence, access new markets, increase exports, network with potential buyers and partners and increase sales. Since its inception in 2015, NOMS has helped participating businesses generate sales of nearly $80 million, while creating 690 jobs across Northern Ontario.
“I’m proud that this investment will help up to 65 Northern Ontario companies in their efforts to scale up through exporting opportunities that will lead to job creation, economic growth and increased profitability. The Northern Ontario Mining Showcase has an impressive record of success and I’m pleased the City of Temiskaming Shores is helping with the transition to PDAC’s virtual stage so that local mining sector businesses and organizations can continue to grow our economy and create jobs.” – Terry Sheehan, Parliamentary Secretary to the Minister of Economic Development and Official Languages and Minister responsible for FedNor
Northern Ontario has been hard hit by COVID-19 and today’s announcement is further proof of the Government of Canada’s commitment to families, communities and businesses, helping them to not just survive, but also thrive. It will help get Canadians back to work and ensure that Northern Ontario’s mining supply and service sectors are well positioned to fully participate in Canada’s economic recovery.
- The funding announced today is provided through FedNor’s Regional Economic Growth through Innovation (REGI) program, which supports the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.
- Featuring attendees from more than 130 countries, the Prospectors and Developers Association of Canada (PDAC) International Convention is one of the world’s leading mineral and exploration conferences and trade shows.