Canada has made investment of $1.7 million in the Superior North Community Futures Development Corporation (SNCFDC) to ensure that entrepreneurs looking to start a business or take their existing businesses to the next level find the assistance they need.
Specifically, the funding is supporting the SNCFDC’s ongoing operations for the next five years. As a result, the organization will provide small businesses and community organizations with advisory services, technical support and access to capital throughout its designated service area, which stretches from Dorion to Manitouwadge.
Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, The Honourable Navdeep Bains said, “The Government of Canada is committed to supporting communities in their efforts to stimulate economic and business growth, and create opportunities for their residents. I am proud that our government is investing to develop Canada’s tourism sector and is focused on helping to build strong and sustainable communities and encouraging the growth of innovative small businesses.”
Chair of the Superior North CFDC, Lawrence Woods said, “I am thrilled that the Government of Canada recognizes our commitment to promoting community and economic growth along the North Shore. This financial assistance will go a long way in helping us in our efforts to support business development, create jobs and improve the commercial and industrial base of the many communities we serve throughout the region.”
The remaining $1.67 million will support several local priority projects with the Township of Schreiber, including the construction of the North Shore Express and Discovery Centre, an important new tourism attraction.
The funding will also enable the revitalization of the community’s downtown core and the recruitment of an investment attraction consultant to assist with private sector attraction and retention.
These activities will highlight Schreiber’s history as a railway town and are expected to help create up to five jobs, launch four new businesses, expand five existing businesses and attract approximately 14,000 new visitors annually to the community.