Nipissing hosts FedNor announcement
$1.9 million in funding for the north; $23,400 for Biomass Innovation Centre?On July 19th Nipissing University hosted a FedNor press conference, where $1.9 million in funding was announced for northern initiatives.The Honourable Tony Clement, Minister for FedNor, along with local MP Jay Aspin, announced funding for five initiatives that will support business development and trade, and help create jobs in the North Bay region.
“The Harper government is investing in initiatives that enhance business development and competitiveness, helping growth-oriented companies reach their full potential,” said Minister Clement. “Today’s announcement will not only create jobs to fuel the local economy, it will also pave the way for long-term growth and prosperity.”
“These investments demonstrate how our government is working with local organizations and businesses to capitalize on economic development opportunities and create jobs,” said Jay Aspin, Member of Parliament for Nipissing—Timiskaming. “We are committed to supporting Northern Ontario communities diversify their economy.”
This investment of nearly $1.9 million is provided through FedNor’s Community Futures and Northern Ontario Development Programs, which support projects that strengthen community economic development, enhance business growth, and support innovation in the region.
“We are pleased that our partnership with FedNor is helping strengthen North Bay’s competitive advantage and create jobs here in the region,” said Juanita Allan, Chair, NECO Community Futures Development Corporation. “This funding will ensure our clients can continue to access the business support services they need to be successful.”
The Biomass Innovation Centre at Nipissing University will benefit from a FedNor investment of $23,400 to develop a biomass strategy and road map for the region. The project aims to assess the current state of biomass developments and provide a targeted approach to the establishment of a vibrant biomass cluster in the Nipissing region.
To learn more about FedNor and its programs, visit:fednor.gc.ca