Renewed support boosts jobs and growth in Sault Ste. MarieFriday, August 23, 2013 by: SooToday.com Staff
DAVID ORAZIETTI, MPP
Orazietti announces more supports for jobs and growth in Sault Ste. Marie
Ontario government helping to attract investment, creating jobs
SAULT STE. MARIE - The Ontario government is helping Sault Ste. Marie create jobs and attract investment with renewed support from the Rural Economic Development (RED) program, announced David Orazietti MPP today.
“This investment in the RED program will continue to help our community realize its potential,” said Orazietti. “Its continuation will help us create jobs and opportunities that our children and grandchildren can count on.”
With $4.5 million in funding, this program is part of a suite of government initiatives that address infrastructure, health care, education, economic growth and other issues of importance to rural Ontario residents.
Building partnerships is an important step in growing local and regional economies.
By working together, we will help northern and rural Ontario’s economy, and its communities, grow stronger.
While the renewed RED program encourages project-based collaborations, they are not mandatory.
Eligible applicants for RED include: municipalities; not-for-profit organizations; industry, economic development and regionally-focused associations; businesses and corporations; First Nations, Metis, and Inuit; as well as broader public sector organizations.
A copy of the program guidelines and application form can be downloaded from the Ministry of Rural Affairs’ website.
Since 2003, the province has invested more than $819,066 through the RED program in projects in Sault Ste. Marie, generating more than $2.5 million in local economic activity which includes:
- $99,066 Algoma University for Community Portrait and Community Resilience Projects
- $150,000 SSM Community Development Corporation for economic diversification and revitalization project
- $570,000 City of Sault Ste. Marie Downtown Revitalization Project
The province has already invested more than $167 million in over 400 projects through the RED program since 2003, generating more than $1.2 billion in local economic activity and creating more than 35,000 jobs.
The continuation of the program will help:
- Strengthen the capacity of northern and rural communities, organizations and businesses to undertake economic development activities, such as market research, and business expansion plans
- Create more competitive and diverse rural and regional economies
- Attract investment, increase competitiveness and encourage greater collaboration among rural communities and businesses
Strengthening northern and rural communities is part of the Ontario government’s plan to create jobs, boost the economy and create a more fair and prosperous society.
Since 2003, Ontario has invested more than $167 million in 418 RED-related projects, generating more than $1.2 billion in local economic activity and creating more than 35,000 jobs
The province is also supporting regional economic development through programs such as the Northern Ontario Heritage Fund Corporation, Eastern Ontario Development Fund, and the Southwestern Ontario Development Fund
In its 2013 Budget, Ontario announced a new $100 million infrastructure fund to help small, rural and northern communities address roads, bridges and other critical infrastructure.