Competitive Karting Coming to Sault Ste. Marie
McGuinty Government Supports Economic Development in Northern Communities
A new karting business in Sault Ste. Marie will generate as many as three jobs and introduce Northern Ontario to the competitive world of kart racing.
With support from the Northern Ontario Heritage Fund Corporation (NOHFC), Gold Motorsports is acquiring racing karts, a cargo trailer and safety equipment to bring the kart racing experience to as many northern communities as possible. The company will provide northerners with the chance to test their driving skills on all types of racing surfaces, including ice race tracks.
This initiative is part of the government's Open Ontario plan to create jobs and economic opportunities in Northern Ontario.
- The NOHFC is providing $103,530 to this project under its Northern Ontario Entrepreneur Program and $25,000 under its Young Entrepreneur Program.
- Since the launch of the Northern Ontario Entrepreneur Program in 2009, the NOHFC has invested more than $7.5 million in the start-up of nearly 150 businesses in Northern Ontario.
“The provincial government's NOHFC program is investing in young entrepreneurs and their businesses in Sault Ste. Marie, such as the Gold Motorsports competitive karting company, because we believe it is important to help business leaders of all ages get started and contribute to our local economy. Our government's investment is allowing Gold Motorsports to safely expand its business, which will help attract more tourists to our community, promote economic growth and create jobs.”
“Our investment in this unique entertainment venue is an investment in employment opportunities for northerners and will ultimately help foster economic growth in the North.”
“The NOHFC has been an enormous help getting my new business off the ground," said Michael Gold, owner of Gold Motorsports. "In addition to helping my business financially, the provincial government also helped me navigate through some of the challenges associated with the early stages of opening a new business. With the assistance of the NOHFC, Gold Motorsports is moving its kart racing operation to Runway Park for an exciting season of ice racing.”