Provincial Program Continues to Support Sault Entrepreneurs and Boost Local Economy
News Release for local2 sault ste. marie
October 9th, 2012 at 10:19am
“Our government is continuing to invest in local entrepreneurs because we recognize the value of supporting the development of new businesses in northern Ontario and across the province,” said Orazietti. “The business we are supporting today contributes to our local economy and provides an effective, environmentally responsible way to dispose of waste materials.”
Extreme Recycling is based in Sault Ste. Marie and will provide the pick-up, sorting and disposal of materials such as scrap metals and old vehicles and tires. Provincial funding provided through the NOHFC will be used to assist with the cost of purchasing hauling and sorting equipment.
“Funding from the NOHFC will assist me in expanding my business operations and fill a demand in the community for a front door pick-up and recycling service for private homeowners as well as local businesses,” said Charlene Pegeau, owner and operator of Extreme Recycling.
Since 2003, the province has approved nearly $50 million for over 400 NOHFC projects in Sault Ste. Marie. These investments have resulted in new jobs and allowed for over $150 million in infrastructure and business projects to be completed.
The provincial government’s previous budgets have increased the NOHFC’s funding by a further $10 million per year from $60 million to $100 million to support vital community infrastructure and economic development projects that create jobs and enhance the quality of life for northerners.
Some of the key Northern Ontario Heritage Fund corporation (NOHFC) investments in Sault Ste. Marie since 2003 include:
$5 million Agawa Canyon Tour Train
$2.5 million Heliene Solar Manufacturing Plant
$2.4 million for the Sault Ste. Marie Airport Development Corporation
$2.3 million for Algoma University Biosciences and Technology Building ($10.3 million total provincial investment)
$2.1 million Flakeboard Ltd. Expansion
$2 million Sault College - IT infrastructure, Multi-Media Centre, Wind Energy Training Centre
$1.6 million Hub Trail & Waterfront Walkway Expansion ($3.1 million total provincial investment)
$1.5 million West End Recreation Centre ($6.2 million total provincial investment)
$1.5 million for Sault College Academic Building ($9.5 million total provincial investment)
$1.5 million Huron Central Rail upgrades ($16.5 million total provincial investment)
$1 million Essar Centre ($4.7 million total provincial investment)
$1 million Algoma Public Health building – Technology ($8.3 million total provincial investment)
$1 million City - Emergency Response Centre (EMS) ($2.2 million total provincial investment)
$1 million SIS Manufacturing to upgrade equipment and infrastructure
$785,500 Palmer Construction Group Inc.
$738,200 for Rector Machine Works infrastructure and equipment upgrades
$475,000 Soo Foundry & Machine equipment upgrade
$202,750 China Steel equipment upgrade