Harper Government invests to support small business development and growth in Thunder Bay region
THUNDER BAY, Ontario, February 19, 2013 — The Honourable Tony Clement, Minister for FedNor, today announced an investment of more than $2.9 million by the Harper Government to support infrastructure, small business development, and innovation in the Thunder Bay region (see attached information sheet).
“The Harper Government recognizes the importance of investing in infrastructure and innovation that will lay the groundwork for business expansion and industrial land development, as well as enhance business productivity and competitiveness,” said Minister Clement. “Our Government’s support for these initiatives will help businesses prosper, create jobs, and diversify the regional economy.”
Four FedNor funding recipients will receive more than $2.9 million to support five local initiatives. The Thunder Bay Airport will use $1.5 million to expand its industrial park. With an investment of $739,000, the Northwestern Ontario Innovation Centre will establish an advanced manufacturing lab, as well as an information and communications technology network. The remaining $680,000 will help two innovative small businesses with the development of a digital mammography device and management software system.
“Today’s announcement will not only address the need for more serviced industrial land, it will also help the Thunder Bay International Airports Authority attract further investment from aviation sector businesses,” stated Scott McFadden, President and Chief Executive Officer, Thunder Bay International Airports Authority. “I look forward to the positive results this funding will deliver for the Thunder Bay area.”
The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that strengthen community economic development, enhance business growth, and facilitate innovation throughout the region.
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For more information, please contact:
Office of the Honourable Tony Clement
705-941-2105 or 1-877-333-6673, 306