News Release

Young Entrepreneurs Build New Businesses

June 26, 2009

McGuinty Government Supports Ventures In Greater Sudbury Area

NEWS  

Ontario is helping two new youth-driven businesses start up in the Greater Sudbury area.

Showers & Sheets Limited, a high-end bed and bathroom accessories retailer will purchase new equipment and furnishings and create two full-time and three part-time jobs over three years. The Northern Ontario Heritage Fund Corporation (NOHFC) is contributing $25,000 to the business.

United Personnel Carriers in Onaping is moving forward with plans to manufacture a small two to four-man vehicle that would be used to shuttle workers in mines.  This project is generating one full-time job immediately and is expected to create another five full time jobs over the next three years.  The NOHFC has committed funding of $25,000 to help the company move this project forward.

QUOTES

“Our investments are helping budding entrepreneurs build careers and families close to home while creating significant new job opportunities in Greater Sudbury.”
- Rick Bartolucci, MPP for Sudbury

“By providing vital resources to help start their businesses, we are giving young northerners the opportunity to transform their innovative ideas into sustainable enterprises.”
- Michael Gravelle, Minister of Northern Development, Mines and Forestry, and chair of the NOHFC  

QUICK FACTS

• The NOHFC’s Young Entrepreneur Program provides up to $25,000 to northern residents, aged 18 to 29, to start their own for-profit business in the North.
• Since 2005, the NOHFC has invested nearly $5.6 million to help launch the businesses of approximately 250 young entrepreneurs in the North.
  

LEARN MORE

• Find out more about the government’s Growth Plan for Northern Ontario.
• Read about the NOHFC’s programs
  

Anne-Marie Flanagan, Minister’s Office, 416-327-0655
Michel Lavoie, Communications Branch, 705-564-7125   

ontario.ca/north-news

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