Supporting Economic Development in Thunder Bay
Ontario Creating Jobs, Strengthening Northern Economy
Ontario is helping to build a stronger, more diverse northern economy while creating 19 jobs in the Thunder Bay area.
With $1.1-million in support from the province's Northern Ontario Heritage Fund Corporation (NOHFC), four private-sector projects in Thunder Bay are boosting the regional economy. Projects include:
- KBM Forestry Consultants Inc. is receiving $529,750 to upgrade its aerial photography service and build a hangar, creating two new jobs.
- Sencia Canada Ltd. is receiving $500,000 to develop software for clients to access critical training reports on their mobile devices, creating six jobs.
- XLV Diagnostics Inc. is receiving $100,000 to develop a prototype for a low-cost digital mammography unit, creating eight jobs.
- Olivier Strategic Marketing is receiving $25,000 to launch a marketing, public relations and event planning business, creating three jobs.
Supporting business expansion and development is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths -- its people and strategic partnerships.
- Since 2003, the NOHFC has invested $897 million in more than 5,900 projects in Northern Ontario, creating or sustaining nearly 23,000 jobs.
- In the Thunder Bay area since 2003, the NOHFC has invested $145 million in 1,206 projects, creating or sustaining more than 4,500 jobs.
“Northern Ontario has an abundance of talented entrepreneurs and these investments demonstrate our government’s commitment to helping them grow their businesses. The NOHFC continues to support economic diversification and job creation across the North.”
“The NOHFC has helped support significant change in focus for our company that has fostered a period of exceptional growth.”
“Sencia Canada Ltd. is pleased to have received this funding through NOHFC to provide highly skilled technology workers with exciting job opportunities using advanced technologies. Sencia’s client list provides testament to the fact that companies in Northwestern Ontario are able to do business efficiently with companies worldwide.”
“This important financial support has been instrumental in helping us hire the talented engineers and technicians we need to design our next-generation mammography system, which when complete, will represent a valuable international high-technology export from the Thunder Bay area.”