Ontario funds Timmins forestry companies’ new equipment
By CFI staff
By CFI staff
A Timmins, Ont.-based logging contractor and a land clearing services company received a welcome injection of funds from the Ontario government to support new equipment purchases.
Family-owned stump-to-dump logging company DeBastos & Sons Ltd. was given $321,380 to purchase machinery to increase production.
“The Ontario government funding we received allowed us to increase our production to meet the needs of local mills that we supply,” DeBastos & Sons Ltd. general manager Marek Svec said in a news release.
Diversified Forestry Inc. was given $159,418 for new equipment purchases.
In the release, Dale Allard, owner of Diversified Forestry, thanked the province for the grant.
“This has helped us grow our company significantly. We were able to buy newer equipment and bring down our costs and downtime. The key to making it in this business is minimizing down time, but to get to that point you need good assets which is usually really costly. Thank you again for helping make our business a success,” Allard said.
The two forestry businesses were among a handful of other Timmins-based companies that received more than $2.2 million in grant funding from the province through the Northern Ontario Heritage Fund Corporation.
“Supporting local companies as they grow their operations helps to create jobs and keep the North competitive,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “These investments have real, tangible positive effects for local business. With this funding, local companies can thrive, leading to economic prosperity and providing opportunities for northerners.”