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Government of Canada Investment Supports Jobs, Growth and a Strong Economy in the Fort Frances and Rainy River Regions
February 12, 2016 – Fort Frances, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Don Rusnak, Member of Parliament for Thunder Bay—Rainy River, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $1,185,000 in support of two projects that will help boost business development and growth, create regional economic development opportunities and enhance tourism.
Of the total, $900,000 will enable the Rainy River Future Development Corporation (RRFDC) to provide small and medium-sized enterprises with access to capital and business counselling services in the Rainy River region for a three-year period. The remaining $285,000 will assist the RRFDC in developing a three-year regional planning and implementation initiative on behalf of eight communities within its service area. The project will focus on developing opportunities in forestry, mining and tourism, as well as providing professional business support to companies looking to expand into new markets. Participating communities include: Alberton, Chapple, Emo, Fort Frances, Lake of the Woods, LaVallee, Rainy River and Morley.
- The funding announced today is provided through FedNor's Community Futures and Northern Ontario Development Programs, which support projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
- The Rainy River Future Development Corporation is one of 24 Community Futures Development Corporations funded by FedNor to serve Northern Ontario businesses and communities. Each of these community-based, not-for-profit organizations is run by a board of local volunteers and staffed by experienced business and economic development professionals.
"The Government of Canada recognizes the important role Community Futures organizations, such as the Rainy River Future Development Corporation, play in helping businesses and entrepreneurs reach their full economic potential. We are proud to partner with these community-based, business-focused organizations to grow the local economy and create jobs."– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
"The investments announced today will ensure that local businesses continue to benefit from the information and services they need to grow and create jobs. The Rainy River Future Development Corporation has a long and successful history of encouraging economic growth, tourism and investment attraction in Fort Frances and throughout the region."– Don Rusnak, MP for Thunder Bay-Rainy River
"Thanks to this support from the Government of Canada, the RRFDC will continue to help businesses reach new markets and maximize growth opportunities that will benefit everyone in the region. We are proud of the support we offer entrepreneurs in our region and look forward to creating business opportunities in forestry, mining and tourism."– Jan Beazley, Chair, Rainy River Future Development Corporation
- 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
Communications Officer - FedNor
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