Speech Article from  Federal Economic Development Agency for Southern Ontario

Archived - Investing in Business Growth and Productivity Initiative Funding Announcement for Pembroke MDF Inc.

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Speaking Points

Cheryl Gallant, Member of Parliament for Nipissing-Renfrew-Pembroke

Pembroke, Ontario

November, 3, 2014

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Good morning ladies and gentlemen, friends and guests.

I would like to begin by thanking Minister Goodyear for that very kind introduction and for being with us today.  

I would also like to thank the representatives from Pembroke MDF for hosting today's announcement and for welcoming us all here today.

And it's a pleasure to be here in Pembroke, part of Renfrew County, with Jack Wilson, Mayor for the Township of Laurentian Valley and Peter Emon, Warden for the County of Renfrew.

A healthy forest industry and sustainable energy practices are essential to the economic vitality of our region. We are all deeply invested in the growth and prosperity of our community.

The Pembroke MDF plant has played an important role in our community over the years in terms of producing quality materials and employment.  When the plant closed back in November 2008, the impact was felt deeply by our community.

But today, we are standing here in a much happier place. I am certain that I am not alone in being excited to see the lights turned back on and the doors to this facility reopened. 

With this in mind, I'm pleased to be here to deliver some great news from the Government of Canada.

As you know, our Government has been working hard to guide our nation through shifting economic times. We have set the right macro-economic conditions and remain committed to providing the necessary targeted investments to retain, attract and grow Canadian businesses.

Our small but mighty community understands the significance of this priority. And today, I am pleased to make an announcement in support of jobs and growth in our community.

Today, the Federal Economic Development Agency for Southern Ontario is providing Pembroke MDF with up to $3 million dollars to finance the restart of its medium density fibreboard plant.

This funding will allow Pembroke MDF to make the necessary repairs, renovations and upgrades to their facility so it can efficiently produce high-quality and in-demand materials to its growing customer base.  

Furthermore, this investment will leverage an additional $17 million for the project.

What I'm sure the community is most pleased about is that the reopening of Pembroke MDF creates many, many local jobs. Thanks to our Government's investment, Pembroke MDF anticipates creating up to 160 high-quality jobs at the plant – 110 of which will be created during the project and 50 from post-project operational work. Additional jobs are also expected in the related forestry, local transportation and logistics supply chain, and electrical and maintenance shops.

This contribution is through FedDev Ontario's Investing in Business Growth and Productivity Initiative, which is aimed at helping our businesses to expand their operations, invest in productivity improvements and compete globally.

Our Government believes that it is support like this that can help our southern Ontario businesses to grow and remain sustainable over the long-term.

Once again, congratulations. I'm looking forward to seeing all the great results that will come from restarting operations at Pembroke MDF. I wish all of those involved the best of luck and continued success.

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