Ontario Government Helps Local Specialty Cleaning Business
Northern Ontario Grow Bonds Provides Loan to Sani-Gear Inc.
NORTH BAY - The Ontario government is helping create new jobs in North Bay by supporting the growth of a local firefighting apparel cleaning service. Nipissing MPP Monique Smith made the announcement today on behalf of Northern Development and Mines Minister Rick Bartolucci.
"Small- and medium-sized businesses are vital to the economic well being of the North Bay area," said Smith. "By investing in companies like Sani-Gear, we are helping to grow our business sector and create new opportunities for jobs and prosperity."
Sani-Gear Inc., a company that cleans and repairs firefighting gear, has received a $33,000 loan from the Northern Ontario Grow Bonds program to help purchase new equipment that will allow it to seek out larger contracts and create new jobs. The government of Ontario launched the Northern Ontario Grow Bonds Pilot Program to build a stronger, more prosperous North. Northerners purchased close to $13 million in Grow Bonds with proceeds to be invested in small and medium-sized businesses in the North.
"The McGuinty government committed itself to working with northern stakeholders to make Northern Ontario strong, healthy and prosperous," said Bartolucci. "We are acting to deliver on that commitment."
This initiative is just one way the Ontario government is helping northerners. Others include:
• A refocused Northern Ontario Heritage Fund Corporation that works with the private sector to diversify and grow the northern economy, with additional initiatives in community infrastructure to help increase job creation.
• A GO North Investor program, designed to market the North's strengths across the continent and around the world.
• Northern Development Councils, which provide a direct link from northerners to the Minister of Northern Development and Mines.
These initiatives 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/NOGBC - Sudbury