Ontario Supporting Rural Economic Growth in Kawartha Lakes
Province Boosting Investment and Job Creation in Rural Communities
Ontario is helping rural and Indigenous communities attract investment and tourism, create jobs and boost economic growth by supporting projects that will diversify and grow local economies through the Rural Economic Development (RED) program.
Jeff Leal, Minister of Agriculture, Food and Rural Affairs, was in Lindsay today to announce Ontario's investment in the Kawartha Lakes Community Futures Development Corporation. The investment will be used to conduct an analysis to determine if planned improvements to Highway 7 will help boost economic development in the Eastern Ontario region.
Kawartha Lakes is one of 86 communities across the province that is receiving support through the RED program. Other projects include the development of a downtown revitalization plan or implementing a tourism-related marketing strategy to attract investment and visitors to communities.
Supporting rural and Indigenous communities is part of Ontario's plan to create fairness and opportunity during this period of rapid economic change. The plan includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25 through the biggest expansion of medicare in a generation.
- The Kawartha Lakes Community Futures Development Corporation will receive up to $35,000 in in cost-share funding assistance through the Rural Economic Development program.
- Ontario is investing more than $3.4 million in 86 RED community projects across the province.
- The RED program provides $5 million in funding annually to support economic development in rural communities.
- Since 2013, the RED program has committed approximately $11.5 million towards more than 240 community economic development projects, generating $34 million in new economic activity and creating and supporting more than 1,200 jobs.
“Investing in local projects that help attract investment and create jobs is a vital component of our plan to boost economic growth in rural Ontario. These investments are helping shape a strong future for our rural communities by ensuring they remain vibrant places for our families to live, grow, work and place both now and in the future.”
“The CFDC Directors know that transportation plays a key role in propelling the economic development and well-being of the Eastern Ontario region. This is why we are so appreciative of the support from the Rural Economic Development Program, as we undertake an advanced study to determine if transforming Highway 7, one of our most important roadways, will significantly enhance rural prosperity. A major infrastructure improvement such as this one first requires compelling evidence of its return on investment. Quality research is essential and funding is required to make that happen.”