Searchmount Resort Benefits from Fednor Investment

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Searchmount Resort

Searchmount ResortSAULT STE MARIE – Business – Searchmount Resort is benefiting from Fednor Investment.  “Infrastructure upgrades at the Searchmont community ski resort will make it possible to host larger events and position the venue as a premier sports tourism attraction,” said MP Hayes. “The Harper Government is committed to helping the community fully develop this important tourism asset, which employs approximately 135 seasonal employees, and attracts up to 45,000 ski and snowboard enthusiasts each year.”

Bryan Hayes, Member of Parliament for Sault Ste. Marie, on behalf of Tony Clement, Minister for FedNor has announced that the federal government is supporting tourism in the Sault Ste. Marie region.

“Sports tourism offers great potential to help Northern Ontario communities achieve their economic development goals,” said Minister Clement. “Our Government is proud to work with community partners, such as the Searchmont Ski Association, to capitalize on the region’s strengths to create jobs and long-term prosperity.”

A FedNor contribution of $406,350 will enable Searchmont Ski Association to repair its snowmaking equipment, lifts and buildings, as well as upgrade its water system.

“Thanks to FedNor and the federal government, our future is looking up,” said Greg Peres, President of the Searchmont Ski Association. “These upgrades will help us maintain and increase our visitation numbers, strengthening our contribution to the regional economy.”

FedNor Backgrounder:

FedNor invests in projects that support community economic development, business growth and competitiveness, and innovation.

Our goal is to encourage economic growth, diversification, job creation and self-reliant communities in Northern Ontario. To achieve these objectives, FedNor provides financial support to viable projects led by businesses, municipalities, First Nations, and other organizations and institutions. We also support youth internships, providing project partners with bright young minds while giving post-secondary graduates valuable work experience in Northern Ontario.

Since April 2006, FedNor has approved more than $237 million in support of 1,205 projects through the NODP to benefit Northern Ontario’s economy.

To determine if your project meets our funding criteria, explore our three priorities:

  1. Community economic development
  2. Business growth and competitiveness
  3. Innovation

FedNor investments in the tourism sector are aligned with the Government of Canada’s Federal Tourism Strategy. They seek to increase awareness of Northern Ontario as a destination of choice, build the industry’s capacity, and encourage investments in tourism assets and products. The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that strengthen community economic development, enhance business development and growth, and facilitate innovation throughout the region.

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