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Funding Ontario’s forestry sector

Dec. 13, 2016 – Ontario’s finance committee will hold a hearing Tuesday to consider ideas for funding the province’s forestry sector.

The hearing, in Sudbury, is meant to be a pre-budget consultation regarding the federal finance committee’s pre-budget recommendations for Canada’s forestry sector.

The federal committee released its pre-budget recommendations on Dec. 7, with a section on funding for Canada’s forest industry.

Tuesday’s meeting will include a presentation from the Ontario Forest Industries Association (OFIA)with ideas on how to best use Ontario’s wood, create new jobs that can improve the economy, and apply more environmentally efficient practices.

“Growing Ontario’s forestry community and recognizing its vital role in climate change mitigation is crucial in maintaining the opportunities in forestry that create jobs and foster economic growth in northern and rural Ontario,” said the OFIA’s president and CEO, Jamie Lim in a statement.

“Ontario’s forestry community generates $11 billion of economic activity. Last year, manufactured forest product sales increased by more than $1 billion over the year before, and our exports of forest products have increased each year since 2012,” Lim stated.