Ontario Supports Investment Readiness In Kenora-Rainy River
McGuinty Government Helps Region Tap New Growth Opportunities
Communities in the Kenora-Rainy River area are enhancing their capacity to attract new investment.
Through its Northern Communities Investment Readiness initiative, the Ontario government is providing a total of $112,321 for initiatives that will help create, attract, and support investment opportunities in Dryden, Red Lake, Ear Falls, Sioux Lookout, Machin, Sioux Narrows-Nestor Falls, Kenora, Redditt, Rainy River, Chapple, Emo, Fort Frances, and Minaki.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. Local projects include asset inventories, updated community profiles and strategic plans.
- To date, more than $977,000 in investment readiness funding has been provided to 106 initiatives across the North.
- The world's longest street technically starts as Yonge Street in Toronto and ends 1,896 kilometres farther as Highway 11 in Rainy River.
“We are helping our northern municipalities demonstrate to outside investors they have the ability to host new development and grow new private enterprise in the region.”