Ontario Invests In Northern Youth Entrepreneurship
Funding Helps Timmins Young Entrepreneur Tap Into New Program
SUDBURY - An Ontario government investment in the development of a golf services enterprise in Timmins is the 54th start-up of a small business by young northerners under the Northern Ontario Heritage Fund Corporation's (NOHFC) Young Entrepreneur Program, Northern Development and Mines Minister Rick Bartolucci announced today.
"We're on the side of northerners. That's why we're helping them start their own small businesses close to home," said Bartolucci. "By supporting the ventures of our budding entrepreneurs, we are fostering job growth and a more prosperous future for Northern Ontario."
The NOHFC is providing $21,250 to Northern Swing Golf Centre, a multi-service golf sector business in Timmins. This investment will help the enterprise construct new offices and purchase equipment as well as build an area for golf lessons and equipment repair. The project will help create four new jobs immediately.
"We are very pleased to have introduced a provincial funding program that is helping retain young people in the North by supporting new employment opportunities," said Bartolucci, who is also chair of the NOHFC. "Young entrepreneurs across the North should be commended for identifying a significant market demand for their services and for launching new businesses."
The Northern Ontario Young Entrepreneur Program provides up to $25,000 to young northerners investing in their own small business start-up. This program is designed to assist young people to develop their business skills and grow a new generation of small businesses in the North.
Other McGuinty government initiatives in support of jobs and prosperity in the North include:
• Funding assistance to help employers provide work placements and internships to young northerners seeking to launch and build their careers in the North.
• Mobilizing our Northern Development Councils to tackle the issue of youth outmigration from the North.
• Investing a record $357 million in 2006-07 in highway development across the North.
These projects are 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.
Minister's Office - Sudbury
MNDM - Sudbury