July 19, 2019 - City of Temiskaming Shores, ON - Federal Economic Development Initiative for Northern Ontario - FedNor
Northern Ontario mining businesses and organizations will benefit from opportunities to showcase their products and services on a world stage at two separate events in 2020. Thanks to a Government of Canada investment of $887,500, through FedNor, the City of Temiskaming Shores is organizing the sixth Northern Ontario Mining Showcase pavilion at the Prospectors and Developers Association of Canada (PDAC) International Convention in Toronto (March 1-4), as well as a pavilion at the Canadian Institute of Mining, Metallurgy & Petroleum (CIM) annual convention that will take place in Vancouver (May 3-6).
Anthony Rota, Member of Parliament for Nipissing-Timiskaming, made the announcement today on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
The two showcase events will increase export opportunities for participating businesses and organizations and enable them to access new markets, explore partnership opportunities and increase sales. In March 2019, approximately 110 Northern companies were featured as part of the Northern Ontario Mining Showcase at PDAC, and had realized sales in excess of $30 million the year before. The CIM event will build on last year's pilot project, giving attending businesses access to new markets in Asia, Northwestern United States, and western Canada.
Quotes
Our government is investing in Canadian companies to help them scale-up through exporting opportunities that will lead to job creation, economic growth and increased profitability. Today's investment will assist the City of Temiskaming Shores to set the stage for mining sector businesses to promote themselves to the world."
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
"I'm excited about the anticipated job creation that these two events will create here in Northern Ontario. Up to 180 new jobs are expected to be generated through this project, and we are anticipating that 40 per cent of the participating businesses will increase their export sales as a result. This Northern Ontario Mining Showcase is an ideal venue from which to attract and generate new business contacts, clients and sales."
- Anthony Rota, Member of Parliament for Nipissing-Timiskaming
"We would like to thank the Government of Canada for its support in helping us grow the mining supply and service sector. We are delighted to lead such a successful venture that is helping enterprises from across Northern Ontario to better position themselves in the marketplace. The City has seen the benefits to our existing suppliers and hopes to attract new mining suppliers to the community through our ongoing coordination of the Northern Ontario Mining Showcase."
- Carman Kidd, Mayor of Temiskaming Shores
Quick facts
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The funding announced today is provided through FedNor's Regional Economic Growth through Innovation (REGI) program, which supports the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.
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Since 2016 and through successive budgets, the Government of Canada has earmarked an additional $62 million for FedNor in support of various initiatives to enable the organization to further strengthen Northern Ontario's economy and create even more middle-class jobs for Canadians.
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Hosted at the Metro Toronto Convention Centre, PDAC is the world's leading convention and trade show for companies and organizations connected with mineral exploration.
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The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is the leading not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy industries.
