Ontario Investing in Small Businesses in Sudbury
Province Supporting Job Creation and Innovation in Agriculture, Health and Mining Sectors
Ontario is supporting small businesses in the Sudbury area by investing in innovative projects that will help grow the local economy, create jobs and contribute to a safer, healthier and more productive society.
With an investment of more than $224,000 through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is supporting four projects:
- Jannatec Technologies is receiving $60,126 to develop a wearable communications system that will help cool a miner's body and monitor for collision avoidance, resulting in improved employee safety and comfort and three new jobs.
- MND Equipment Resources is receiving $13,266 to establish itself as an exclusive dealer of Waldon heavy equipment, including compact articulating loaders and forklifts, as well as offering services such as rental, repair and training. This will create three new jobs.
- My VegiBox/Larose Desjardins Farms is receiving $56,250 to establish a community-shared agriculture system where members pay at the beginning of the growing season and receive weekly shares of vegetables and fruit in a produce box. One new employee is being added.
- Staffstat Inc. is receiving $94,500 to develop scheduling software for health care workers, allowing them to focus on patient safety. This will create two new jobs.
Since 2003, the province has invested over $1 billion through the NOHFC to over 7,080 projects, leveraging more than $3.75 billion in direct economic activity and creating or sustaining over 28,700 jobs in Northern Ontario.
Supporting small businessand innovation is part of the government's plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. 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, supportive environment where business thrives, and building a secure retirement savings plan.
- In the Greater Sudbury area, the NOHFC has invested over $190 million in 1,124 projects that have helped generate or retain more than 3,863 jobs since 2003.
- The NOHFC’s investments in small business and research and innovation are part of the Ontario government’s Growth Plan for Northern Ontario.
“Our government recognizes that private sector expansion is vital to the growth of our northern economy. By supporting these innovative entrepreneurs as they grow their businesses and create jobs, we are helping to diversify and boost our northern economy.”
“This funding through the NOHFC is crucial to our northern enterprises to allow them to develop new products, expand their companies, create jobs and make a mark in today’s competitive marketplace. It’s important that we continue to provide support for small businesses in Sudbury and right across the North to continue to stimulate our northern economy.”