The province is investing over $7.9 million to help support the forestry and mining sectors in northeastern Ontario.
The government says the funding will promote economic development and create or retain 112 jobs in the Sudbury and Algoma regions.
One area company receiving funding is T Bell Transport Inc. a hauling company in Nairn and Hyman for wood products, mining and construction.
They’re getting $400,000 to purchase forestry equipment and a fiber connection for its office.
“Our government is proud to invest in the forestry and mining industries in northeastern Ontario to enhance business operations, drive productivity and boost competitiveness in key sectors,” says Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “The investments will propel northern Ontario’s economy forward by creating and preserving good jobs for hardworking northerners across our vast region.”
Funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC).