News Release

Red Lake Prepares For Future Economic Development

September 03, 2009

McGuinty Government Supports Community’s Investment Readiness

NEWS   

The Municipality of Red Lake is looking to attract business and strengthen its economy by upgrading its airport terminal and developing commercial lots along Highway 105.  

Through support from the Northern Ontario Heritage Fund Corporation (NOHFC), Red Lake will complete two projects:

• The construction of a single storey airport terminal building and parking lot to accommodate an increase in airline passenger traffic, and
• The installation of services such as water, sewer and hydro on 10 commercial lots along Highway 105 to attract business in the hospitality, retail and service sectors.
  

It is expected that these projects could create some 130 full time positions over the next five years.

QUOTES

“The significant investments we are making today are essential strategic community infrastructure projects that will promote job creation and economic growth for years to come.”
- Michael Gravelle, Minister of Northern Development, Mines and Forestry and Chair of the Northern Ontario Heritage Fund Corporation (NOHFC).

QUICK FACTS

• The NOHFC’s Infrastructure and Community Development Program is providing $825,000 for the airport project and $1 million for the development of the Highway 105 lots.
• Red Lake is currently the best gold producing area in North America. Over the past 75 years, more than 18 million ounces of gold have been mined in the district.
  

LEARN MORE

• About Red Lake
• About the NOHFC’s Infrastructure and Community Development Program
  

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

ontario.ca/north-news

165, NOHFC;950426;950432;IACDP