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April 5, 2007
Investment Will Create Jobs And Support Aboriginal Development
SAULT STE. MARIE — The Ontario government is investing in a project that will strengthen the forest industry and will benefit Aboriginal people, Natural Resources Minister David Ramsay announced today at an event with the Garden River First Nation.
“The McGuinty government is investing in the businesses that help Northern Ontario prosper and supporting Aboriginal development,” said Ramsay. “Through the Prosperity Fund, we are supporting a key engine of our economy – the forest sector – making that sector more competitive, and securing good jobs for a First Nation community in the North.”The government is providing a grant of $280,000 to Garden River Truss Company for the development of a $3.2-million green field home component manufacturing facility on the Garden River Reserve near Sault Ste. Marie. The Aboriginal-owned facility produces value-added wood products and creates about 30 new jobs. The facility is located on an old sawmill site located in the Garden River Industrial Park.
“The province’s support has helped make this manufacturing facility a reality, and we are seeing considerable benefits for the Garden River First Nation,” said Garden River First Nation Chief Lyle Sayers. “We are grateful for the contribution from the Forest Sector Prosperity Fund in making it possible for us to proceed with this exciting initiative.”
The Forest Sector Prosperity Fund is part of the McGuinty government’s over $1-billion plan to help forest companies invest in their own future and the future of the communities that depend on them.
“We’ve had a very positive response to the Forest Sector Prosperity Fund and the Loan Guarantee Program by the forest industry,” said Ramsay. “We expect that 100 per cent of the Prosperity Fund will be committed to capital investments like this that support the industry in developing more value-added wood products.”
This is just the latest example of how the McGuinty government is working to create a stronger and more prosperous forest sector. Other initiatives include:
- Providing a $22.5-million grant to Abitibi-Consolidated for an $84-million biomass boiler at its facility in Fort Frances
- Providing a $6-million grant to Norampac for a $27-million biomass co-generation plant at its facility in Trenton
- Providing a loan guarantee of $8 million to Tembec for a $19-million value-added engineered wood products facility in Kirkland Lake
- Providing a $1.65-million grant to Flakeboard Company Ltd. for a $16.5-million capital investment to upgrade its Sault Ste. Marie mill
- Providing a $1.39-million grant to Bowater Canadian Forest Products Inc. for a $13.9-million capital investment in the conversion of a paper machine at its Thunder Bay complex
- Providing a $2-million grant to Grant Forest Products for the construction of a $20-million coated structural board facility – the first of its kind in North America – in the community of Earlton
- Providing a $2 million loan guarantee for new machinery and upgrades to Fibratech in Atikokan
- Providing a $400,000 grant for capital investment in new machinery to Multiply Forest Products in Nipigon.
Since 2003, investments in infrastructure, post-secondary education, research and innovation and key economic sectors have strengthened Ontario’s economic advantage and continue to build opportunity.
Related Information: MAKING THE FOREST SECTOR MORE COMPETITIVE
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