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Algoma-manitoulin Shapes Its Economic Future

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Algoma-manitoulin Shapes Its Economic Future

McGuinty Government Funds Regional Investment Attraction Projects

Four Algoma-Manitoulin area municipalities are benefiting from provincial funding flowing through the Northern Communities Investment Readiness initiative.

Four Algoma-Manitoulin area municipalities are benefiting from provincial funding flowing through the Northern Communities Investment Readiness initiative.

The initiative gives eligible communities, economic development corporations, and First Nations up to $5,000 per applicant to develop the tools and capability to attract, and successfully explore investment opportunities.  Applicants previously funded through the program may reapply where additional funding will advance the investment strategy.  A key component of the GO North Investor Program, this initiative promotes a strong investment attraction climate in Northern Ontario.

Funding is being distributed as follows:  

  • $20,000 to the Blind River Development Corporation to buy Geographic Information System software and develop site selector tools for use on the Town of Spanish, the Township of the North Shore, the Town of Blind River, and the Municipality of Huron Shores websites.
  • $17,625 to the Township of Chapleau to prepare a community economic profile, and to perform a biomass inventory/analysis in support of investment attraction.
  • $10,000 to the City of Elliot Lake to develop a software program that will identify unique characteristics of the local economy and target sectors for investment attraction.
  • $4,200 to the Economic Development Corporation of Wawa to host a seminar demonstrating the marketing and fiscal importance of value-added wood products.

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