Province Perks Up Gore Bay Business
McGuinty Government Supports Young Entrepreneur's Java Venture
SUDBURY - The Ontario government is supporting new small business development on Manitoulin Island by helping a young entrepreneur launch a specialty coffee shop, Northern Development and Mines Minister Rick Bartolucci announced today.
"Our government is always pleased to lend a helping hand to our youth as they set in motion their business plans," said Bartolucci, who also chairs the Northern Ontario Heritage Fund Corporation (NOHFC). "We are strong believers that small businesses such as this aid in sustaining our northern economy."
The NOHFC is investing $25,000 through its Young Entrepreneur Program toward the launch of Loco Beanz Coffee House in Gore Bay. The money will be used to lease and renovate a shop location and purchase equipment.
"The Young Entrepreneur Program is helping retain youth in the North by assisting them to build business foundations here at home," said Bartolucci. "We are proud to invest in our youth to ensure the North remains prosperous in the future."
This is just one more example of how, working together, Ontarians are achieving results in the North. Other examples include:
- Investing nearly $3 million in waterfront development projects in Gore Bay and Little Current
- Providing $84,000 to help convert a vacant building in the Township of Gordon and Allan West into a multi-purpose community centre
- Contributing $21,200 to help the Manitoulin East Airport Commission to determine the most cost effective means of providing a new potable water supply to the airport.
These initiatives are part of the government's Northern Prosperity Plan. It has four pillars: Strengthening the North and its Communities; Listening to and Serving Northerners Better; Competing Globally; and Providing Opportunities for All.