Ontario Newsroom

Province Helps Sudbury Businesses Grow

Archived News Release

Province Helps Sudbury Businesses Grow

McGuinty Government Supports Youth Ventures And Other Business Projects

Young entrepreneurs are putting down roots in Greater Sudbury, while existing businesses are enhancing their operations with the help of the Ontario government.

The Northern Ontario Heritage Fund Corporation (NOHFC) has approved funding totaling $507,735 to help boost Sudbury's economy.  Funding will support the start up of eight new businesses spearheaded by young entrepreneurs.  It will also help launch a new software company, and help a long-established landmark hotel adopt more energy efficient systems.

Funding is provided through various programs of the NOHFC that support private sector investment and job creation in Northern Ontario.


Quick Facts

  • The NOHFC currently offers six programs, of which five have components geared to support job creation and energy conservation in the private sector.
  • Since October 2003, the NOHFC has invested a total of more than $12.3 million in support of youth entrepreneurship and other private sector initiatives in the Sudbury area.

Background Information

Additional Resources

Quotes

“These are valuable investments in our city’s economic future. Young entrepreneurs taking root at home will become our economic leaders of tomorrow.”

Rick Bartolucci

Minister of Community Safety and Correctional Services

“The McGuinty government is proud to have returned the NOHFC to its original mandate of supporting the growth of the North’s private sector.”

Michael Gravelle

Minister of Northern Development and Mines

Share

Tags

Business and Economy Rural and North