Ontario is helping communities in the Kenora and Timiskaming areas explore new economic development opportunities in order to help create jobs and generate new revenue sources and increased business.
Through the Northern Ontario Heritage Fund Corp. (NOHFC), the province is investing nearly $96,000 in three projects.
Kenora is receiving $50,000 to prepare a strategic plan aimed at identifying community priorities related to tourism and other emerging industries to diversify the local economy.
“This strategic planning initiative will help our community identify new and emerging opportunities for economic growth and help guide our decision-making,” David Canfield, mayor of Kenora, said in a news release. “We are very pleased that the NOHFC is supporting this significant project.”
Black River-Matheson is receiving $25,048 to complete a 10-year economic development plan for the town, aimed at new business opportunities such as an increase in mining activity in the area.
“The preparation of a 10-year economic development plan will provide a road map to guide our community’s actions and strengthen our ability to attract new investments,” Garry Edwards, mayor of Black River-Matheson, said in the release. “We thank the NOHFC for helping our township identify significant future economic development opportunities.”
Finally, Markstay-Warren is receiving $20,548 to develop a business plan that will identify opportunities to diversify the local economy, including support for new mining operations in the region.
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