Funding Helps Northwestern Ontario Attract Investment
McGuinty Government Supports Region’s Economic Growth
Development organizations in Northwestern Ontario have benefited from provincial funding provided 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.
Funding was distributed as follows:
- $43,900 to the Northwestern Ontario Municipal Association (NOMA) to develop a literature review of investment challenges/barriers in the tourism and energy sectors. Its findings will be distributed among northwestern Ontario municipalities, as well as treaty and membership organizations such as the North of Superior Tourism Association, and the Northern Ontario Native Tourism Association.
- $31,000 to Patricia Area Community Endeavours Inc. to conduct a regional asset inventory that includes commercial real estate, natural resources, workforce, transportation/healthcare/education infrastructure, and existing businesses.
- $12,700 to Matawa First Nation Management to prepare a strategic plan for the potential development of a power transmission line.
- $5,000 to the Northwestern Ontario Development Network to conduct four strategic workshops on site selection trends, provincial joint marketing efforts, and business attraction methodology.