The province is injecting $3.6 million toward 13 economic development projects in the Greater Sudbury area.
"As the largest city in Northern Ontario, Sudbury is a major economic hub and industrial centre,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, in a media release issued Wednesday.
“By investing in projects from varied sectors in Greater Sudbury, our government is promoting a more diverse economy and supporting job creation in this important region."
The funds, administered through the Northern Ontario Heritage Fund Corporation, are intended to create good-paying jobs, boost economic growth and improve the quality of life in northern communities.
Some of the projects being funded include:
- $1,606,250 to the City of Greater Sudbury to lead the Northern Ontario Exports program aimed at assisting small and medium sized enterprises from across Northern Ontario to take advantage of global exporting opportunities.
- $500,000 to Verv Technologies to support the commercialization of an at-home health monitoring system.
- $67,175 to Bio-Mine Ltd. to develop fast, efficient and affordable COVID-19 testing kits.
Since June 2018, the Northern Ontario Heritage Fund Corporation has invested more than $432 million toward 4,025 projects in Northern Ontario, leveraging more than $1.4 billion in investment and creating or sustaining more than 6,200 jobs, according to a release issued by the city. A full list of approved projects can be found by clicking here.
"This ongoing support from the Ontario government and NOHFC will allow Ontario's North Economic Development Corporation and the Northern Ontario Exports program to continue collaborating with member communities to help small and medium enterprises across Northern Ontario take on global opportunities, expand their business and create new jobs while continuing to prosper as they navigate the effects of the pandemic,” said Christy Marinig, chair of Ontario’s North Economic Development Corporation.
