Ontario Boosting the Economy in Marathon-Terrace Bay Region
Ontario Supporting Small Business Expansion, Creating Jobs
Ontario is helping to build a stronger, more diverse northern economy while creating jobs in Marathon, Schreiber and Terrace Bay.
With support from the province's Northern Ontario Heritage Fund Corporation (NOHFC), four economic development projects are helping strengthen the regional economy and create five new jobs:
- P.J.'s Café in Schreiber is receiving $125,000 to build a 30-seat restaurant downtown, creating three full-time jobs.
- The Town of Terrace Bay is using a $50,000 contribution to complete a waterfront development study.
- Cast To You, a retail store in Marathon, is receiving $24,850 for a bait, tackle, fishing and camping-products business.
- School of Rock, a music school in Marathon, is getting $17,255 to purchase musical instruments and other equipment.
Investing in northern business expansion is part of the government's Growth Plan for Northern Ontario and its economic plan to invest in people, invest in modern infrastructure and support a dynamic and innovative business climate.
- The NOHFC is marking its 25th anniversary with the theme, The NOHFC @ 25: Proud past, Strong future.
- The Ontario government has introduced a new three-part plan to help create jobs and economic growth: investing in people, building modern infrastructure and supporting a dynamic and innovative business climate.
- Since 2005, the NOHFC has invested nearly $87 million in 792 projects in the Thunder Bay-Superior North region, helping to create or sustain 2,855 jobs in the area.
- Ontario launched new NOHFC programs in October 2013.
“I am very pleased that our government is again demonstrating its firm commitment to Northern Ontario by investing in these significant local projects. The NOHFC continues to be a key tool for building a stronger, more competitive economy, with prosperous northern communities.”