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Government of Canada Invests in Economic Diversification and Growth in the Chapleau Region
January 22, 2016 – Chapleau – Federal Economic Development Initiative for Northern Ontario - FedNor
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $836,500 in support of three projects to help the Township of Chapleau capitalize on business and economic development opportunities.
A FedNor contribution of $535,000 will enable the Township of Chapleau to implement a three-phased waterfront renewal project that will help create new tourism opportunities and attract private sector investment. The project, which will be completed over three years, will include engineering and design work, the purchase of new water park equipment, interpretive signage, as well as the creation of boat launching and docking facilities.
An investment of $256,500, provided through FedNor’s Community Investment Initiative for Northern Ontario (CIINO), will enable the township to hire an economic development officer for a three-year period to implement key economic development and growth initiatives identified in the community’s strategic plan.
The remaining $45,000 will support the development of a mining readiness and growth implementation plan which will aid the community in developing opportunities in the mining sector.
- The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
- CIINO, an initiative under the Northern Ontario Development Program, helps eligible municipalities and First Nations hire staff to facilitate the implementation of identified opportunities, and manage local economic development efforts, while collaborating with regional partners to strengthen the economy.
"The investments announced today will help create growth and attract investment in Chapleau’s tourism and mining sectors. This will help strengthen the regional economy, create jobs, and will benefit the businesses and residents of the region. The Government of Canada recognizes the importance of identifying and prioritizing these kinds of viable economic opportunities for communities like Chapleau, across Northern Ontario."– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
"Thanks to support from the Government of Canada, the Township of Chapleau will be able to embark on an exciting new economic development chapter and lay the foundation for growth. We look forward to the benefits that these key projects will generate for our area."– Michael Levesque, Mayor, Township of Chapleau
- To find out more about our programs and services, please visit: fednor.gc.ca and follow us on Twitter @FedNor.
- Follow the Minister on Twitter: @MinisterISED
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