Communities Partner To Pursue Forestry Opportunities
McGuinty Government Helps Partners Join Economic Forces
Ontario is helping a municipality and a First Nation in Northwestern Ontario diversify their economies by pursuing forestry opportunities in partnership with a First Nation business.
The Northern Ontario Heritage Fund Corporation (NOHFC) is providing a total of $4,692,189 for three related projects in the Red Lake area.
- Two Feathers Forest Products Limited Partnership, based in Dryden, will receive $1 million to buy the equipment necessary to develop their value-added wood manufacturing project in Red Lake and Eagle Lake First Nation.
- The Whitefeather Forest Management Corporation, based in Pikangikum First Nation, will receive $524,600 to complete the planning needed to secure commercial forestry tenure for the Whitefeather Forest.
- The Municipality of Red Lake will receive $3,167,589 to build power, water, sewer and road infrastructure to service a 41-lot industrial park.
Investing in infrastructure and partnering with business are part of the government's five-point economic plan to build a stronger economy.
- The Red Lake area has a long history as, and continues to be one of the best gold producers in North America.
- Since October 2003, the NOHFC has approved $393 million for 2,000 projects in Northern Ontario, leveraging $1.2 billion.
“I commend the various partners for working together on this major venture to produce and export value-added wood products.”