KENORA – Ontario is supporting business expansion in Kenora by working with the city to help attract new businesses and create more jobs for the region.
Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the City of Kenora is receiving $45,000 to undertake a study that will pinpoint the city’s economic strengths and key resources. This will help Kenora identify, target and market the community to potential investors and existing businesses interested in expansion.
“Studies such as this allow communities across the north to identify investment opportunities, expand their local economies and create jobs,” said Minister Rickford. “This funding will help drive growth and investment in the region and is one more way we are signaling to the world that Northern Ontario is open for business and open for jobs.”
The City of Kenora will also work with business experts to create an inventory of vacant properties that can be marketed for investment attraction, business expansion, or business start-up.
“Thank you Minister Rickford and the NOHFC Board for providing funding to our Growth Management and Vacant Land Supply Analysis project,” said Daniel Reynard, Mayor of Kenora. “The City of Kenora has made the strategic development of vacant lands a key priority and through this project, will have another economic development tool that can facilitate investment into the community. At the conclusion of this project, the City will have a series of action plans designed to ensure that vacant lands within the municipality can be surplused for their best and highest use.”
Helping northern communities attract investment is part of the government’s balanced and prudent plan to build Ontario together. This plan is already creating more jobs, putting more money in people’s pockets, making our communities healthy, our streets safe, our commutes shorter and our government smarter.
- Since June 2018, the Northern Ontario Heritage Fund Corporation has invested more than $144 million in 996 projects, creating or retaining over 3,000 jobs.