Federal funding will help support local long-standing businesses and foster continued economic growth in the region
August 9, 2023 - Temiskaming Shores, ON - Federal Economic Development Agency for Northern Ontario - FedNor
Today, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for the Federal Economic Development Agency for Northern Ontario (FedNor) announced significant new investments totalling $462,496 in three projects to grow the economy in the Temiskaming Shores area.
The Honourable Anthony Rota, Member of Parliament for Nipissing-Timiskaming, detailed new funding to support projects in the Temiskaming Shores area including $299,996 for Three H Furniture Systems Limited to modernize and increase manufacturing and to expand their facility, $122,500 for Grant Farms to purchase and incorporate innovative and more environmentally friendly equipment, and $40,000 to Phillips Seeds Ltd. to support the design and construction of a storage and processing building.
These investments will help maintain a healthy regional economy, and will support continued economic growth in the area. In addition to the maintenance and growth of long-standing existing businesses, anticipated benefits of these investments include: the creation of 20 new jobs; increased product diversity, manufacturing capacity, and sales; and beneficial community impacts including improved sourcing of seed grains for local farmers, and the purchase and use of raw products produced in the region.
