THUNDER BAY – The Northern Ontario Heritage Fund is embarking on a year long recognition of the fund’s 25 year anniversary.
Minister Michael Gravelle states, “The NOHFC has a proud past and a strong future. I am delighted that our government is demonstrating its firm commitment to Northern Ontario by confirming an annual allocation of $100 million to the NOHFC. This fund will continue to be a key tool for building a stronger, more competitive economy, and prosperous northern communities.”
NOHFC 25 Years Strong
Ontario’s Northern Ontario Heritage Fund Corporation (NOHFC) is celebrating its 25th year of building strong, prosperous and sustainable northern communities by continuing to support a range of economic development projects.
In the Sault Ste. Marie area, with support from the NOHFC, three new projects are growing the region’s economy and creating 10 jobs:
- The Sault Ste. Marie Innovation Centre is receiving $338,000 to establish a Smart Energy Centre that will help the region take advantage of alternative energy projects.
- Stokely Creek Lodge in Goulais River is expanding into a four season facility and conference centre with an investment of $282,502.
- $975,000 will help Cooks Station Corporation in Bruce Mines launch an oilseed crushing operation.
“The NOHFC has a commendable track record of investment and support for job creation in Sault Ste. Marie and across the North. Today’s investments are fine examples of how the Heritage Fund is helping new ideas take root in our great region,” enthuses David Orazietti, MPP for Sault Ste. Marie.