Ontario invests $2.6M in forestry companies in Algoma, Manitoulin regions
The Ontario government has announced the forestry sector in the Algoma Region and Manitoulin Island will receive $2.6 million. The investment will result in 138 new full-time jobs.
Of the $2.6 million, $2 million will go to Hornepayne Lumber in Hornepayne, Ont., to reopen the town’s sawmill.
Kenogami Lake Lumber in Hallébourg, Ont., will receive $255,349 to purchase hauling equipment to expand its operations.
Meanwhile, $175,259 will go to Chapleau, Ont.-based True North Timber to buy hauling and harvesting equipment.
Finally, EACOM Timber’s Nairn Centre, Ont., mill will receive $41,058 to introduce a new trim block recovery system.
“The forestry industry is vital to the north’s economy,” said Greg Rickford, Ontario Ministry of Energy, Northern Development and Mines, in a government news release. “With these investments, we are making our forestry sector more sustainable and creating jobs for northern communities – sending a strong signal to the world that Northern Ontario is open for business and open for jobs.”