Minister of Northern Development Greg Rickford and Thunder Bay - Atikokan MPP Kevin Holland speak with recipients of NOHFC funding
More than two million dollars is going to several Thunder Bay area businesses as part of a push by the Ontario Government to strengthen the city’s manufacturing sector through the Northern Ontario Heritage Fund Corporation.
In his first announcement Thunder Bay – Atikokan M-P-P Kevin Holland was joined by his Kenora – Rainy River colleague, Northern Development Minister Greg Rickford, who also serves as the chair of the N-O-H-F-C. Holland says with supply chain issues as a result of the pandemic its put an extra challenge upon businesses here. “Funding like this to help the businesses continue to move forward and grow is going to be key to us recovering the economy here and moving us forward.”
Rickford says the N-O-H-F-C, which was retooled a little over a year ago, is now geared to work at the speed of business. Meaning very few applicants do not receive funding. “Our goal is to create an opportunity for them, and so with that emphasis, we feel very confident that we will work through some of the challenges that they may face and ensure, as Kevin said, that they’re a critical part of Northwestern Ontario’s economy.”
The following projects are receiving NOHFC funding:
- $970,000 to Itec 2000 Equipment Inc. for a new hydraulic shop
- $267,374 to Canada Concrete Corporation to expand its concrete manufacturing operation
- $217,920 to Thunder Bay Hydraulics to commercialize a car lift
- $195,000 to EcoCarbon Foam to create an extruded polystyrene (XPS) manufacturing plant start-up
- $132,814 to Lakehead Ironworks Inc. for three projects:
- $79,040 for a new cold storage building
- $25,374 to make building improvements, purchase an align boring machine and install air quality equipment
- $28,400 to purchase a 300-tonne hydraulic press brake
- $111,071 to A.M. Ludwig Saw Shop to purchase and install equipment
- $99,300 to Peterson Machine and Supply Inc. to purchase a large boring mill
- $90,210 to KMH Industries for a pilot demonstration and commercialization of a roller ski treadmill
- $44,089 to Countermeasures Security Solutions Inc. (now known as Secure Orbit Inc) to purchase equipment and upgrade its facility
- $7,967 for North West Industries Inc. to upgrade and purchase new equipment
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