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News Release
Greenstone Strengthening Its Economic Future
August 18, 2009
McGuinty Government Supports Five Projects to Boost Business Investment
NEWS
Greenstone is taking strategic steps to identify and address potential investment initiatives within the region.
Funding from the province’s Northern Communities Investment Readiness (NCIR) program will support five projects run by the Greenstone Economic Development Corporation. These projects will focus on increasing business investment in the municipality. The corporation will:
- Compile an asset inventory of the community’s infrastructure, workforce, health-care and educational facilities, as well as update the information on the Invest in Ontario web site;
- Link this inventory to satellite imagery in a web-based application that provides current, visual data for interested investors;
- Complete a market study to identify potential investment target sectors;
- Determine how to secure new investment for the local business community; and
- Implement an Ambassador Training Program to promote investment and retention in the Greenstone region.
“Greenstone’s step-by-step approach to building and diversifying its economy will undoubtedly contribute to a stronger future for area businesses, new investors and the community-at-large.”
- Michael Gravelle, Minister of Northern Development, Mines and Forestry
QUICK FACTS
- NCIR funding of $25,000 supports these five initiatives.
- Previously, the Greenstone Economic Development Corporation received NCIR funding to complete a commercial land asset inventory which was then converted into satellite images and uploaded onto the community’s website profile at Invest in Ontario.
- To date, over $1.5 million in NCIR funding has been approved for 167 initiatives across the North.
LEARN MORE
Anne-Marie Flanagan, Minister’s Office, 416-327-0655
Mike Dunlop, NCIR Initiative, 807-475-1773
ontario.ca/north-news
156, M09-0111, M09-0113, M09-0116, M09-0118, M09-0119
