LaCloche Region Eyes Value-Added Wood Production
McGuinty Government Helps Explore New Opportunity For Jobs
The LaCloche region is looking to the manufacture of value-added wood products as an economic development and job creation tool.
The Northern Ontario Heritage Fund Corporation (NOHFC) is providing $27,000 to the LaCloche Manitoulin Business Assistance Corporation (LAMBAC) to assess the financial and operational feasibility of establishing a wall paneling manufacturing plant in the region. Funding is provided through the NOHFC's Infrastructure and Community Development Program.
This proposed business venture would use lumber produced by local mills to manufacture wall panels for the residential and commercial construction industry.
- LAMBAC is a community development corporation that serves the regions of Manitoulin Island and the North Shore of Lake Huron.
- To date, the NOHFC’s Infrastructure and Community Development Program has invested $105.2 million in 225 projects in the North.
“Manufacturing saleable products would add economic value to the lumber which is being produced from the region’s forests. It would also sustain jobs in our communities.”
“Our government is committed to helping communities in the North build new economic development opportunities.”