KENORA, ONTARIO ~~~~~ August 7, 2020 (LSN) The Ontario government is providing more than $1 million to support the technology sector, create jobs and help boost the digital economy in the North. Funding is being delivered to eight companies through the Northern Ontario Heritage Fund Corporation (NOHFC).
"As we focus on economic recovery, our government is proud to make targeted investments in growing sectors and businesses here in Northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "Today's investments in the North's digital economy will help businesses grow and thrive, stimulate economic development and diversification across the region and create highly-skilled employment opportunities for the people of Northern Ontario."
NOHFC investments include:
"FSET needs to remain a progressive company to work within the technology sectors. The incredible support from the NOHFC allows FSET to expand across the North, and throughout Ontario," said Nicole Brown, Chief Operations Officer, FSET Inc. "We are receiving the funding at the perfect time, allowing us to continue our expansion and take our company to the next level. The team appreciates the support and funding from NOHFC and the impact it is having on FSET."
The NOHFC promotes economic development across Northern Ontario by providing financial assistance to projects - big and small, rural and urban - that stimulate growth, job creation and skilled workforce development. Since June 2018, the NOHFC has invested more than $193 million in 1,386 projects in Northern Ontario, leveraging more than $748 million in investment and creating or sustaining 3,912 jobs.
The government is moving forward with a regional approach to Stage 3 of reopening, as the province implements its made-in-Ontario plan for renewal, growth and economic recovery. For a full list of regions that have entered Stage 3, as well as a list of restrictions that remain in place, please visit ontario.ca/reopen.
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