Ontario Continues Investments in Sudbury Small Businesses
Province Funding Projects to Grow Local Economy, Create Jobs, Promote Innovation
Ontario is boosting Sudbury's local economy by investing in small businesses -- a move that is expected to create 27 new jobs and spur innovation.
With an investment of over $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is supporting three projects:
- Stack Brewing is receiving $281,538 to purchase additional brewing equipment to help increase production capacity and meet consumer demand.
- Hard-Line Solutions is receiving $308,000 to acquire new space for an automated assembly line to expand production of printed circuit boards. Expansion is critical to their continued role as a leading supplier of remote and tele-remote controls to the mining industry.
- A&M Remediation is receiving $438,000 to expand their existing underground waste management, sorting and recycling facility, located at Vale's Creighton mine. The expansion is central to their ongoing remediation efforts at Vale and other future mining sites in the Sudbury area.
Since 2003, the province has invested more than $1.1 billion through the NOHFC to over 7,400 projects, leveraging more than $3.97 billion in direct economic activity and creating or sustaining over 28,000 jobs in Northern Ontario.
Investing in small business is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- The NOHFC has invested over $211 million in 1,210 projects in the Greater Sudbury area that have helped create or retain more than 3,858 jobs since 2003.
- The NOHFC’s investments in research and innovation are part of the Ontario government’s Growth Plan for Northern Ontario [pdf].
“Strategic investments in the private sector that will grow the local economy and create jobs are a part of our plan to build up Ontario’s North. We’re proud to help these small businesses and look forward to watching them grow the Sudbury economy.”
“Our government’s commitment to the Sudbury economy is strong. Today’s investments from the NOHFC demonstrate our ongoing commitment by funding projects that will continue to create good paying jobs in the region while spurring innovation.”