Supporting Economic Development in Algoma-Manitoulin

McGuinty Government Creates Jobs and Strengthens Northern Economy

Ontario is helping to build a stronger and more diverse Northern economy while creating 18 jobs in Algoma-Manitoulin.

Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province is supporting eight entrepreneurs who will boost the local economy by creating new or expanding businesses. This will help attract and retain a new generation of workers to the area.

Investing in Northern Ontario communities is part of the McGuinty government’s Growth Plan for Northern Ontario. A strong Northern economy creates local jobs and protects the services that mean the most to families – health care and education.

QUICK FACTS

- Ontario is supporting these projects through the NOHFC’s Northern Ontario Entrepreneur and Northern Ontario Young Entrepreneur programs.
- Since 2009, Ontario has committed more than $16.3 million through the Northern Ontario Entrepreneur Program to help launch nearly 325 businesses.
- Since 2005, Ontario has invested nearly $9.3 million through the Young Entrepreneur Program to start-up about 415 new businesses across the North.

LEARN MORE

Backgrounder – NOHFC Invests in Algoma-Manitoulin Projects
Find out about the NOHFC and its programs.

 

Read more: NationTalk.ca

 

This entry was posted on Friday, July 27th, 2012 at 8:34 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.