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Ontario Government Invests in Future Economic Development

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Ontario Government Invests in Future Economic Development

Study To Evaluate Potential Of Agri-Business Enterprise Cluster

COCHRANE - The Ontario government is helping strengthen the Cochrane area's important agricultural sector by supporting a study on the potential establishment of an agri-business enterprise cluster in the area, Timiskaming-Cochrane MPP and Natural Resources Minister David Ramsay announced today on behalf of Northern Development and Mines Minister Rick Bartolucci.

"I am pleased that our government is supporting efforts to explore opportunities for economic development and job creation in the North," Ramsay said.  "This study will help to determine the benefits of establishing a unique venture within the region's agricultural sector."

The Northern Ontario Heritage Fund Corporation (NOHFC) is providing $50,000 to the Cochrane and Area Community Development Corporation to determine the feasibility of creating an agri-business enterprise cluster.  A cluster is a group of related companies working together to create economic opportunities in a region.  The cluster approach has been shown to revitalize economic sectors while creating new jobs in industry.

"Today's announcement demonstrates the McGuinty government's commitment to Ontario's agriculture sector," said Leona Dombrowsky, Minister of Agriculture, Food and Rural Affairs. "This study represents an investment in our agricultural producers - a vital part of Ontario's economy."

 "Our government is committed to fostering economic development in Northern Ontario," said Bartolucci, who is chair of the NOHFC.  "Through investments like this, we are helping to create new avenues to employment and prosperity among northern communities."

This NOHFC project is part of the government's Northern Prosperity Plan for building stronger northern communities. The Northern Prosperity Plan has four pillars: Strengthening the North and its Communities; Listening to and Serving Northerners Better; Competing Globally; and Providing Opportunities for All.

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