November 13, 2020 – Timmins, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Businesses and communities across the country are working hard to recover from the effects of the COVID-19 pandemic and the Government of Canada continues to support their efforts during these difficult times. Through strategic investments in technology and innovation, the government is providing the tools and resources they need to not only survive, but thrive as our economy rebounds.
Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor, today announced a FedNor investment of more than
$3.5 million to help businesses in the Timmins-James Bay region start up, scale up and adopt new technologies to increase their competitiveness and create jobs.
This strategic investment will support four regional initiatives that will help businesses innovate, commercialize new products and expand their operations. It will also help Northern College establish an innovation hub at its Timmins campus and enable NEOnet to improve information and communication technology (ICT) networks in the Cochrane and Temiskaming Districts. Once complete, these strategic initiatives are expected to support more than 400 business, while helping to create and maintain over 90 middle-class jobs in the region.
Today’s announcement is further proof of the Government of Canada’s commitment to Canadian businesses and organizations – helping them to overcome the challenges posed by COVID-19. Initiatives like these will help get Canadians back to work and ensure that small businesses can play a major role in Canada’s economic recovery.
The Government of Canada has a phased plan for a robust, lasting recovery from the coronavirus recession. We will do whatever it takes to protect Canadians’ health, jobs and living standards, and to put COVID-19 behind us as quickly as we can. Today’s announcement will help connect communities and allow businesses to leverage technology and innovation to enhance productivity, commercialize new products and expand their operations. We’ve been here since the beginning of the pandemic, and we’ll continue to be here as we’re building back better, together.”
– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor
“These investments through FedNor will help lay a foundation for a green, innovative and fair economy that supports jobs, growth and recovery efforts across the Timmins-James Bay region. By enabling Northern Ontario businesses to develop innovative products and adopt new technologies, we are helping position the entire region for sustainable, long-term growth in the modern economy.”
– Terry Sheehan, Parliamentary Secretary to the Minister of Economic Development and Official Languages and Minister responsible for FedNor
“Today is an exciting day for technology and innovation in the Timmins-James Bay region. FedNor support will allow us to enhance broadband and telecommunications services and help businesses adopt digital technology and e-commerce solutions to improve productivity and profitability.”
– Gérard Bruneau, Chairperson, NEOnet
“We are proud to partner with FedNor and the Government for Canada to establish and equip an innovation hub at our Timmins campus. Today’s announcement will also allow us to facilitate industry and academic partnerships for late-stage and pre-commercial projects, with a particular focus on automation and advanced manufacturing, robotics and information and communications technology.”
– Dr. Audrey J. Penner, President, Northern College
The funding announced today is provided through FedNor’s Regional Growth Through Innovation Fund, which supports the growth of Northern Ontario businesses, their expansion into new markets and their adoption of new technologies and processes.
Delivered in Northern Ontario through FedNor, the Regional Relief and Recovery Fund (RRRF) has assisted more than 777 businesses and organizations – including 267 tourism, 110 women-owned or operated and 60 Indigenous businesses – helping them mitigate the financial pressures caused by the pandemic while maintaining more than 3,300 jobs in the region.