McGuinty Government Boosts Economic Development Opportunities In St. Charles
ST.CHARLES - The McGuinty government is delivering positive change by helping attract new industry to the St. Charles area with an investment of $34,525 to develop a local industrial park.
The announcement was made today by Timiskaming-Cochrane MPP David Ramsay on behalf of Northern Development and Mines Minister and Northern Ontario Heritage Fund Corporation (NOHFC) Chair Rick Bartolucci.
"I am pleased that the Northern Ontario Heritage Fund could invest in a municipal priority that will attract new businesses and jobs, while improving the quality of life in the community," said Ramsay. "Our government is committed to fostering economic development and improving the quality of life in northern communities."
The Municipality of St. Charles will establish three serviced industrial lots in the community. The project includes a hydro line extension and road upgrades, as well as installing water and septic services. The community has already received a commitment from one business tenant wishing to relocate to St. Charles and provide jobs for six people.
"Supporting new employment opportunities is the best way to ensure our young people stay in the North," said Bartolucci. "To that end, the Northern Ontario Heritage Fund will be reoriented toward investing in private sector job creation and economic development."
The McGuinty government is returning the fund to its original mandate of fostering private sector job creation. The NOHFC is working in partnership with the private sector and other levels of government to diversify the northern economy and stimulate jobs. It is a vital part of the government's commitment to delivering a four-year plan for positive change across the North.