Canada Pumps $400K into Algoma Indigenous-Owned Firm

Federal Economic Development Agency for Northern Ontario - FedNor

Sault Ste. Marie, ON - Federal Economic Development Agency for Northern Ontario - FedNor

Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Minister of Labour and Seniors, today announced $442,000 in FedNor funding for the Trucor Steel Structures Inc., an Indigenous-owned and led business. The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor.

FedNor's support will enable Trucor Steel Structures Inc. to purchase heavy equipment necessary to provide additional services central to construction processes, which will enable the business to take advantage of growth opportunities. Specifically, the funds will support the acquisition of an excavator, front end loader, skid steer, and a mini excavator, which will enable Trucor Steel to dig foundations for building projects and to participate in other construction opportunities.

In addition to supporting the growth of an Indigenous-owned and led business in the region, this project is expected to create ten full-time jobs while diversifying local industry.

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