Parry Sound-Muskoka receives financial boost for local businesses
The federal government is supporting local businesses in the Parry Sound and Muskoka region to help create jobs and support growth.
On Wednesday, Minister of Tourism Randy Boissonnault announced roughly $5.8 million for 13 community and business growth initiatives.
The announcement, made on behalf of the Minister of Indigenous Services and Minister responsible for FedNor, Patty Hajdu, is expected to translate into 365 jobs in the region.
"The municipalities and local businesses of Northern Ontario drive our economy forward and support our communities. Today, FedNor is helping the Parry-Sound Muskoka region to continue this important work, committing $5.8 million towards 13 projects that will help businesses grow, become greener, and create good local jobs," said Hajdu in a press release.
The money provided through FedNor's core programs is intended to support several businesses, including Huntsville Forest Products' sawmill expansion, help Muskoka Brewery and Muskoka Roastery adopt state-of-the-art green technology and see an expansion of 22 new fully-serviced commercial lots at the Parry Sound Industrial Park.
"The support from FedNor is deeply appreciated by the entire team at Huntsville Forest Products. This will enable our efforts to advance the design, planning, and eventual construction of one of the safest and most efficient hardwood sawmills in Canada. We are very excited to establish this facility, and our broader business, as a cornerstone of the Canadian forest products sector," said Malcolm Cockwell, president and managing director of Huntsville Forest products, in a press release.
Since 2015 FedNor has provided more than $365 million towards 821 projects in communities and First Nations across Northern Ontario.
CTVNews.ca Top Stories
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Maple Leafs fall to Bruins in Game 3, trail series 2-1
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
New Indigenous loan guarantee program a 'really big deal,' Freeland says at Toronto conference
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
'Life was not fair to him': Daughter of N.B. man exonerated of murder remembers him as a kind soul
The daughter of a New Brunswick man recently exonerated from murder, is remembering her father as somebody who, despite a wrongful conviction, never became bitter or angry.