Supporting Jobs and Growth in Port Hope and Cobourg
Ontario Providing a Boost to Local Economic Development
Ontario is helping Port Hope and Cobourg attract investment and create jobs.
With support from Ontario's Rural Economic Development Program (RED), Port Hope will:
- Develop a business mentor training program that will enhance customer service
- Help local entrepreneurs develop and implement business plans and marketing strategies to grow their operations
- Create tools to boost the local economy, such as a guide to starting a business downtown
Through the same program, Cobourg will launch a community improvement initiative that will:
- Develop a master plan, including a comprehensive survey of local heritage sites, to help create a revitalized downtown core that reflects the town's identity
- Design a web-based virtual tour to attract new residents and potential developers
- Generate a plan to innovate and revitalize arts and culture destinations in the downtown
Supporting rural communities 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 province has invested more than $167 million in 418 Rural Economic Development Program projects, generating more than $1.2 billion in local economic activity and creating more than 35,000 jobs.
- The Municipality of Port Hope and the Town of Cobourg will receive $100,000 and $125,000, respectively, in funding from the Rural Economic Development Program.
- The government is also supporting regional economic development through programs such as the Eastern Ontario Development Fund, the Southwestern Ontario Development Fund, and the Northern Ontario Heritage Fund Corporation.
“To help grow and diversify rural Ontario’s economy, we must continue to provide local communities with business-friendly tools and resources. Through the RED program, rural communities will be better positioned to attract investment, create jobs and grow their economies.”
“Downtown revitalization is a community-driven initiative based on an innovative model developed by the Ontario government. With support from the province, we can begin the first phase of our multi-faceted plan that will help re-invigorate Port Hope’s downtown core by retaining and attracting new businesses.”
“In 2013, I attended a roundtable organized by the Minister of Rural Affairs to discuss how the government can support rural Ontario. This funding announcement not only demonstrates the province’s commitment to rural Ontario, but will help Cobourg revitalize its downtown and promote long-term economic growth.”