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$15,000 to host business competition

Friday, April 04, 2014   by: SooToday.com Staff

NEWS RELEASE

DAVID ORAZIETTI, MPP

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NOHFC Funding Strengthens Sault Ste. Marie’s Economy, Helps Retain Youth

Today, David Orazietti MPP attended the Algoma University’s Northern Ontario Business Case Competition to announce $15,000 in Northern Ontario Heritage Fund Corporation (NOHFC) funding for this local event.

“This investment will allow valuable networking opportunities for business students from Sault Ste. Marie and across Northern Ontario,” said Orazietti. “Through our government’s NOHFC programs we continue to support important investments that are creating new jobs and opportunities for Northern Ontario youth.”

This provincial investment for Algoma University’s 8th Annual Northern Ontario Business Case Competition provides an opportunity for students to showcase their knowledge, skills and abilities to the business community. 

This event fosters entrepreneurship among students which could lead to business development and employment opportunities.

The Northern Ontario Case Competition is part of Algoma University’s Business Strategy and Policy course, and requires students from Northern Ontario to develop a thorough strategy and solution to an unknown business case. 

Working in teams, with minimal tools and no Internet or access to electronics, students are given three hours to develop their solution, before presenting their final ideas to a panel of experts, comprised of Sault Ste. Marie and area business professionals. 

Panel experts are invited to voice their comments, concerns, or questions to students. 

The Northern Ontario Heritage Fund Corporation (NOHFC) – Northern Community Capacity Building Program helps northern communities develop the capacity to promote, attract, and support economic growth in the existing and emerging priority economic sectors identified in the Growth Plan for Northern Ontario.

Ontario is investing in these projects through the NOHFC’s Northern Community Capacity Building Program – Event Partnership Projects

To learn more, visit the 8th Annual Northern Ontario Business Case Competiton.

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