More than $7.9M promised to support forestry and mining in northeastern Ontario
Thanks to the provincial government’s chequebook, 16 different companies across the Sudbury and Algoma districts will get a financial boost to help support the forestry and mining sectors in northeastern Ontario.
"We want to make sure that companies are armed with the tools they need to respond to that market demand," said Minister of Northern Development, Mines, Natural Resources and Forestry Greg Rickford at a media event Monday morning.
More than $7.9 million is being divided up by the companies.
The founder and executive chairman of Symboticware in Sudbury, Kirk Petroski, said his company is receiving $500,000.
"What we’re getting is a financial support, a commitment, by the Ontario government to further demonstrate and commercialize one of our key technologies which allows for better, more efficient, and safer drilling operations for exploration drill companies," he said.
Adding that the funding is coming at the perfect time.
"It was a very challenging year for our industry for sure. The funding came at a very timely period where mobility was restricted. So the fact that we could demonstrate in northern Ontario the success of the technology was very critical to our business. In addition, it helped create some new jobs and maintain existing jobs that may have been more difficult during the COVID-19 pandemic," Petroski said.
With this funding from Queen’s Park, there is also a promise of creating and maintaining 112 jobs across the two regions.
"We put a particular emphasis on applicants demonstrating an ability to create new jobs, obviously protecting existing ones, and create meaningful opportunity for the next generation of young people who want to move here or who call this home and want to stay here," Rickford said.
Greater Sudbury Mayor, Brian Bigger said the investment will help the area bounce back from the challenges over the last year and a half.
"It is so, so important that we all focus on our post-COVID-19 recovery and continue to invest in economic development and growth and good jobs for people in northeastern Ontario, as well as Greater Sudbury," Bigger said.
Each of the 16 companies is getting different amounts of funding based on the projects. Black Bird Management Limited in Batchawana Bay is getting the most at over $2.6 million.
CTVNews.ca Top Stories
From essential goods to common stocking stuffers, Trudeau offering Canadians temporary tax relief
Canadians will soon receive a temporary tax break on several items, along with a one-time $250 rebate, Prime Minister Justin Trudeau announced Thursday.
She thought her children just had a cough or fever. A mother shares sons' experience with walking pneumonia
A mother shares with CTVNews.ca her family's health scare as medical experts say cases of the disease and other respiratory illnesses have surged, filling up emergency departments nationwide.
Trump chooses Pam Bondi for attorney general pick after Gaetz withdraws
U.S. president-elect Donald Trump on Thursday named Pam Bondi, the former attorney general of Florida, to be U.S. attorney general just hours after his other choice, Matt Gaetz, withdrew his name from consideration.
Putin says Russia attacked Ukraine with a new missile that he claims the West can't stop
Russian President Vladimir Putin announced Thursday that Moscow has tested a new intermediate-range missile in a strike on Ukraine, and he warned that it could use the weapon against countries that have allowed Kyiv to use their missiles to strike Russia.
A one-of-a-kind Royal Canadian Mint coin sells for more than $1.5M
A rare one-of-a-kind pure gold coin from the Royal Canadian Mint has sold for more than $1.5 million. The 99.99 per cent pure gold coin, named 'The Dance Screen (The Scream Too),' weighs a whopping 10 kilograms and surpassed the previous record for a coin offered at an auction in Canada.
Here's a list of items that will be GST/HST-free over the holidays
Canadians won't have to pay GST on a selection of items this holiday season, the prime minister vowed on Thursday.
Video shows octopus 'hanging on for dear life' during bomb cyclone off B.C. coast
Humans weren’t the only ones who struggled through the bomb cyclone that formed off the B.C. coast this week, bringing intense winds and choppy seas.
Taylor Swift's motorcade spotted along Toronto's Gardiner Expressway
Taylor Swift is officially back in Toronto for round two. The popstar princess's motorcade was seen driving along the Gardiner Expressway on Thursday afternoon, making its way to the downtown core ahead of night four of ‘The Eras Tour’ at the Rogers Centre.
Service Canada holding back 85K passports amid Canada Post mail strike
Approximately 85,000 new passports are being held back by Service Canada, which stopped mailing them out a week before the nationwide Canada Post strike.