In a rapidly changing world, the Government of Canada is focused on building resilience here at home. We are empowering local communities, strengthening workforce, and creating the opportunities for long-term sustainable growth.
On June 29, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for FedNor, announced Government of Canada investments totalling $4,185,028 for nine initiatives that will accelerate economic, business and tourism growth in Timmins and surrounding areas.
Through the FedNor's core programs, these investments will help bring several important projects to life. This includes supporting the City of Timmins as they launch two immigration pilot programs to address skilled labour shortages and extend the BOOST program for three more years. The funding will also allow the Town of Iroquois Falls to establish a new industrial park and help the Porcupine District Agricultural Society expand a waterfront pavilion to support increased business activity and growth at the regional Farmers' Market.
In addition, the funding will help Northern College advance industry-academic research to help businesses commercialize new products and allow the Bucket Shop and Epitron Inc. modernize and expand their operations. It will also assist Mount Jamieson Resort and Cedar Meadows Resort in their efforts to grow their businesses by introducing new tourism offerings and attractions.
Together, these initiatives are creating jobs and fueling business and economic growth in Timmins and surrounding areas by strengthening communities and key sectors of the economy.
For a complete funding breakdown and project details, please see the associated backgrounder.
Quotes
"Northern Ontario thrives when communities, businesses and workers have the support they need to expand, hire, and build for the future. This announcement is about unlocking that potential. By investing in the City of Timmins, we are supporting Canada's economy and helping communities become stronger and more competitive - across generations."
- The Honourable Patty Hajdu, Minister of Jobs and Families and Minister Responsible for FedNor
"The Government of Canada's investment in Timmins will help us continue to future-proof our economy by building a sustainable and resilient community. This FedNor funding will attract skilled workers, strengthen key industries, accelerate growth and support local entrepreneurs in transforming their ideas into products and services the world wants and needs."
- Michelle Boileau, Mayor, City of Timmins
Quick facts
- The funds announced on June 29 are provided through three FedNor programs:
- The Regional Growth Through Innovation Fund (REGI), which supports the growth of Northern Ontario businesses, their expansion into new markets, and their adoption of new technologies and processes.
- The Targeted Manufacturing Initiative for Northern Ontario (TMINO) is designed to help companies improve productivity and modernize their operations, leading to sales growth, increased exports and job creation.
- The Northern Ontario Development Program (NODP), through which FedNor invests in projects led by municipalities, First Nations, and other organizations and institutions that support community economic development, diversification, job creation and self-reliant communities in Northern Ontario.
Related products
