News Release

First Nation Focused On Improving Local Economy

July 16, 2009

McGuinty Government Helps Community Build On Its Economic Strengths

NEWS   

Serpent River First Nation will strengthen its local economy by studying how other Canadian First Nations have successfully established effective economic development structures.

Funding from the Ontario government’s Northern Ontario Heritage Fund Corporation (NOHFC) will provide the First Nation’s economic development department with the research it needs to foster new business activity for the community.

Two permanent jobs are expected to be created once the study is completed.

QUOTE

“The initiative taken by Serpent River to learn from the successes of other First Nations demonstrates the community’s determination to build economic strength for the long term.”
-     Mike Brown, MPP for Algoma-Manitoulin

 “This project is certain to benefit the whole community, both in terms of attracting and retaining new businesses and professionals, and establishing a strong economic development structure for continued future growth.”
-     Minister Michael Gravelle, Minister of Northern Development, Mines and Forestry,
   and Chair of the NOHFC

“This initiative will lead to new jobs and business opportunities for Serpent River First Nation. Strengthening local economies, including Aboriginal communities, helps build a stronger Ontario.”
- Brad Duguid, Minister of Aboriginal Affairs

QUICK FACTS

• The NOHFC is providing $50,000 to Serpent River First Nation to complete this study.
• Serpent River First Nation is a community of about 300 residents located midway between Sudbury and Sault Ste. Marie.
  

LEARN MORE

• Read about the government’s Growth Plan for Northern Ontario www.placestogrow.ca
• Learn more about NOHFC programs www.mndm.gov.on.ca/nohfc
  

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

ontario.ca/north-news

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