FedNor Investments Support Technology, Infrastructure and Business Growth
Northern Ontario Development Program Funding
City of Timmins
The City of Timmins is benefiting from a FedNor investment of $2,497,150 to enable the extension of municipal services to a new industrial park with access to road and rail corridors. As a result of this initiative, the community has secured Calabrian Corporation, a U.S. based company, as an anchor tenant for its new industrial park. The company plans to invest $20 million to expand its sulphur dioxide (SO2) production into Canada, which will result in the creation of 20 new high-quality, middle-class jobs in Timmins. Identified by the community as an economic priority, the new industrial park has also attracted interest from firms located as far away as China.
North Eastern Ontario Communications Network Inc. (NEOnet)
Government of Canada funding of $949,720 will support NEOnet’s ongoing operations for a three-year period, enabling the organization to enhance telecommunications development and provide information and communications technologies training, education and awareness for residents and businesses across Northeastern Ontario. The funding will also help promote the adoption of digital and e-business applications in the region.
Broadband E-business and Marketing (BEAM)
To help small and medium-sized enterprises develop digital skills and incorporate innovative technologies into their operations, NEOnet will receive $500,000 to renew its successful BEAM program. Through the program, eligible businesses can receive up to $5,000 to implement e-business solutions. These include activities such as search engine optimization, social media integration, database integration for storefront management, customer relationship management, and electronic data interchange. Since its inception in 2011, NEOnet’s BEAM program has supported 445 businesses in their efforts to develop online e-business solutions.
The Bucket Shop
To help grow its operations, boost productivity, increase sales and expand into new markets, The Bucket Shop will benefit from a Government of Canada repayable investment of $1,000,000. Provided through FedNor’s Targeted Manufacturing Initiative for Northern Ontario (TMINO), the funding will help the organization construct a new manufacturing facility and purchase the equipment needed to double its production capacity, reduce operating costs by 25 percent, increase research and development, and create eight (8) new high-quality, middle-class jobs in the community.
Canada 150 Community Infrastructure Program (CIP 150) Funding
South Porcupine Arena Association
A Canada 150 Community Infrastructure Program investment of $100,000, through FedNor, will enable this not-for-profit organization to complete vital upgrades to the Carlo Cattarello Arena. Specifically, the funding will be used to create a concrete sub-floor for the ice pad and install new LED lighting. Once complete, this initiative will increase efficiencies, reduce operating costs and transform this important community asset into an all-season facility.
Township of Coleman
To help maximize the social and economic potential of the McIntyre Complex, the City of Timmins will benefit from a CIP 150 investment of $100,000. Specifically, the funding will be used to revitalize the facility by replacing the curling club’s roof, which will help preserve and protect this historically significant building.