Ontario Supports Investment Readiness In Kenora-Rainy River
Twelve Kenora-Rainy River area communities are benefiting from provincial funding flowing through the Northern Communities Investment Readiness (NCIR) initiative.
The NCIR 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 NCIR program may reapply where additional funding will advance the applicants 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:
- $37,500 ($18,750 each) to the Township of Ear Falls and the Municipality of Red Lake to hire consultants to review their inventories, identify their assets and investment potential, update their community profiles, and train their staff in matters such as site selection, investor etiquette, and business relocation.
- $24,062 to the City of Kenora/Lake of the Woods Development Commission partnership to develop an asset inventory of all businesses in Kenora, Redditt, and Minaki, and to create and update a community profile. Both these products will be published on the City of Kenora's website.
- $15,759 to the City of Dryden to create a new community investment profile, strategic plan, community improvement plan, and to train a site selector response team.
- $15,000 to the Rainy River Future Development Corporation to inventory district lands (such as Fort Frances, Emo, Chapple, and Rainy River) and buildings, evaluate said inventory, and create profiles highlighting property strengths.
- $10,000 to the Municipality of Sioux Lookout to hold an urban reserve development conference, and economic development training sessions.
- $10,000 to the Township of Sioux Narrows-Nestor Falls and the Municipality of Machin for land inventories and to hire an investment-priorities facilitator, respectively.