The Northern Ontario Heritage Fund is investing $2.63-million in eight northern companies to expand or launch operations, buy equipment and create an estimated 100 jobs.
That was announced in Timmins Friday by northern economic development and growth minister George Pirie.
Timmins Chamber of Commerce president Phil Archambault says the investment shows confidence in the area, the businesses and most importantly the people who do the hard work.
“Support from the Northern Ontario Heritage Fund Corporation helps businesses grow,” he said, “creates jobs, invests in our operations and plan for the future.”
Making the announcement in Timmins, northern economic development and growth minister George Pirie it continues the work of the NOHFC that began in 2018.
“We have approved more than $11-billion on over 9,000 projects in Northern Ontario, leveraging $3.4-billion in investment and creating or sustaining over 14,000 jobs,” he enumerated.
The latest grants are expected to create a hundred well-paying jobs.
FUNDED PROJECTS
- Caron Equipment Inc., a contracting company in Timmins, is receiving $800,000 in total
for two projects that will enhance work capacity. The funding will be used to buy
equipment, such as rock haul trucks, dozers and an excavator, enabling the company to
take on and complete mining contracts and hire more employees.
- Varis Mine Technology Ltd. manufactures monitoring systems in Sudbury and is receiving
$400,000 to build a new facility and buy equipment. With the funding, the company will be
able to create new jobs and offer new services and products, such as energy distribution
and collision avoidance systems.
- Unmanned Aerial Services Inc. supports the mining industry by providing a variety of
services, including mapping, remote inspections, equipment supply, consulting and
training. The company is receiving $51,628 for workspace upgrades, training, marketing
and equipment purchases to grow its operations in Lively and offer new manufacturing
services.
- Northern Sky Drone Solutions is receiving $31,000 to launch a drone services business in
Sudbury and will put funding toward buying a drone, training and marketing. The project
will help northern mining companies access local quality aerial data solutions.
-Northern Ontario Heritage Fund
