Ontario Invests in Community Infrastructure in the North
Funding Part of Largest Infrastructure Investment in Province’s History
Ontario is investing in infrastructure projects in the Northwest that will help attract new business, increase tourism and enhance economic development in the region.
Through the province's Northern Ontario Heritage Fund Corporation (NOHFC), $1.2 million will be provided to three projects:
This funding is part of the largest infrastructure investment in Ontario's history -- more than $130 billion over 10 years -- which will support more than 110,000 jobs per year on average, with projects such as roads, bridges, transit systems, schools and hospitals across the province.
The government's plan to build Ontario up is supported by a number of initiatives, including broadening the ownership of Hydro One -- an approach that raises billions for infrastructure.
Ontario's long-term infrastructure plan will help connect regions, develop new economic opportunities and improve quality of life for Ontarians by supporting critical infrastructure projects in cities, towns, and rural and remote communities all across the province.
Investing in community infrastructure is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- Since 2003, the NOHFC has invested more than $1 billion in 6,870 projects in Northern Ontario, creating or sustaining more than 25,800 jobs.
- Locally, the NOHFC has provided over $116 million toward 551 projects in the region of Kenora-Rainy River, creating or retaining 3,020 jobs since 2003.
- Research shows that every $100 million of public infrastructure investment in Ontario boosts GDP by $114 million, particularly in construction and manufacturing sectors.
- The NOHFC’s investments in community infrastructure are part of the Ontario government’s Growth Plan for Northern Ontario.
“Ontario is strengthening the Northern economy through innovative new infrastructure investments. These projects will support increased tourism, business opportunity and improved waterfront access, leaving lasting impacts in their communities.”
“Thanks to funding from NOHFC, the new Rainy Lake Market will help revitalize our downtown by attracting more visitors from around the district and northern Minnesota, and more business will generate more jobs.”
“NOHFC’s financial support for this new waterfront infrastructure will increase opportunities to generate more tourism activities, attract new businesses and create more jobs that will help Red Lake diversify and grow.”
“We are very grateful to NOHFC for supporting our efforts to enhance local infrastructure that will stimulate more private-sector business development and strengthen our local economy.”