Attracting New Investment Opportunities To East Algoma
December 9, 2010 11:00 AM
McGuinty Government Helping Northern Communities Prepare For Growth Opportunity
Municipalities in East Algoma are promoting economic development by working to attract investment in using crops to help grow the clean fuel industry and expanding biomass pellet production for clean energy.
With support from the Northern Communities Investment Readiness (NCIR) program, the Blind River Development Corporation, the Municipality of Huron Shores and the Township of North Shore will:
This could encourage the development of a local biomass pellet mill and fuel crop growers' cooperative, creating jobs and economic growth in the area. It also builds on community efforts to identify ways to generate clean energy.
This is part of the government's five-year Open Ontario plan to develop clean energy, create jobs and economic opportunities in Northern Ontario.
With support from the Northern Communities Investment Readiness (NCIR) program, the Blind River Development Corporation, the Municipality of Huron Shores and the Township of North Shore will:
- prepare a competitive analysis to identify opportunities, including what crops local farmers can produce to create clean fuel;
- outline the area's advantages for fuel crop growth and biomass pellet production; and
- develop a value proposition to market the benefits of locating a pellet production business in the area to potential investors.
This could encourage the development of a local biomass pellet mill and fuel crop growers' cooperative, creating jobs and economic growth in the area. It also builds on community efforts to identify ways to generate clean energy.
This is part of the government's five-year Open Ontario plan to develop clean energy, create jobs and economic opportunities in Northern Ontario.
QUICK FACTS
- To date, more than $2 million in NCIR funding has been approved for 242 projects across Northern Ontario.
- The province is supporting this initiative with $17, 212 from the NCIR program.
LEARN MORE
CONTACTS
- Adrian Kupesic
Minister's Office
416-327-3723
adrian.kupesic@ontario.ca - Mike Dunlop
NCIR Initiative
807-475-1773
mike.dunlop@ontario.ca
Ministry of Northern Development and Mines
ontario.ca/north
ontario.ca/north
"The Northern Communities Investment Readiness program is an important resource for community partners working together to build their local economies."
– Michael Gravelle
Minister of Northern Development, Mines and Forestry
"This is a strong incentive for northerners who are developing marketing strategies for unique new economic ventures that will attract major investors to their communities."
– Mike Brown
MPP for Algoma-Manitoulin
Communities
