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News Release
New Businesses Launched In Northwest
July 08, 2009
McGuinty Government Supports Young Entrepreneurs
NEWS
Ontario is strengthening the economy in the northwest by helping two young entrepreneurs in Kenora and Red Lake get new businesses up and running.
The province’s Northern Ontario Heritage Fund Corporation (NOHFC) will help launch the following businesses:
- Custom Drilling of Kenora - the company will provide drilling services for the mining industry and install commercial and/or residential steel supported docks and floats;
- Red Lake Holistic Services of Red Lake - the company will provide holistic health services, such as Tai massage and energy medicine to the public.
“The Young Entrepreneur Program gives the talented youth of Northern Ontario the wherewithal to put the skills they’ve learned into new careers and ventures that will contribute economically to their communities.”
- 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 businesses in the North.
- Since 2005, the NOHFC has invested nearly $5.5 million to help launch the businesses of more than 248 young entrepreneurs in the North.
- About the government’s Growth Plan for Northern Ontario
- About the NOHFC’s seven programs including the new Northern Ontario Entrepreneur Program
Michel Lavoie, Communications Branch, 705-564-7125
ontario.ca/north-news
113, NOHFC;940233;940332;YEP
