Ontario strengthens local forest industry
McGuinty Government Investment To Create New Jobs in Harcourt
Ontario is strengthening the local forest industry by helping Greenview Wood Products restart a sawmill and set up a cogeneration operation in Harcourt, a town in the Haliburton Highlands.
The Ministry of Natural Resources is supporting Greenview by providing a $1.56 million grant and a loan guarantee of $2.4 million towards the $12.3-million project through the Forest Sector Prosperity Fund and Loan Guarantee program. The funding will help restart a pallet wood sawmill and establish a four megawatt biofibre cogeneration system for use by the mill. The mill and cogeneration operation will create about 30 high-value jobs.
Ontario's Forest Sector Prosperity Fund and Loan Guarantee Program are part of the McGuinty government's over $1-billion plan to help forest companies invest in the future of their business and the prosperity of local communities.
- The McGuinty government has committed over $1 billion in various programs over five years to increase the competitiveness of Ontario’s forest industry.
- More than $376 million in new forest sector investment is already underway and 4,800 jobs have been created or saved.
- Cogeneration is an electrical energy generation technology which uses the combined production of electricity and useful heat from a single fuel source, such as mill residues.
“Our government has the right plan to strengthen Ontario's forest industry. We’re supporting the local economy, helping to create good jobs in Harcourt and boosting a sector that directly benefits northern and rural communities which depend on forestry as a way of life.”
“We look forward to beginning our operations in Harcourt. The contribution from the government was a key factor in our decision to move ahead with this initiative and a stepping stone for future expansion.”