The province is investing $1.4M in 3 Almaguin businesses to aid economic recovery in the North

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Muskoka Post Staff

The Ontario government is investing more than $1.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in three companies in the Almaguin Highlands Region, helping create fifteen new jobs.

"As the province reopens and the economy recovers, companies in the north need our support," said Greg Rickford, Minister of Energy, Northern Development and Mines. "NOHFC funding assists local businesses and creates good jobs, making sure our northern communities can grow and thrive."

Norm Miller, MPP for Parry Sound-Muskoka, announced the NOHFC funding for three local companies:

  • Lofthouse Manufacturing in Burk's Falls is receiving $1 million to increase productivity on the company's valve assembly line by expanding its facility and purchasing new equipment. The project will create eight full-time jobs. In addition, Lofthouse Manufacturing is also receiving $20,800 to accommodate a junior draftsperson intern position.

  • Fleetmetrica Inc. in Emsdale is receiving $200,000 to develop a version of its proprietary fleet management software app that can be licensed to other companies. The monitoring app helps supervisors and drivers ensure vehicles are being safely operated. The project will create four full-time jobs.

  • Jonathan Miller & Sons Farms in Burk's Falls is receiving $200,000 to establish a cattle farm that raises grass-fed, stress-free cows and calves. The farm will also sell hay and firewood. The project will create one full-time job and one seasonal job.

"These investments are helping drive economic growth, innovation and job creation right here in the Almaguin Highlands Region," said Norm Miller, MPP for Parry Sound-Muskoka. "Now more than ever, our government is committed to building strong, vibrant communities across Northern Ontario and creating real opportunities for the people who live here."

The NOHFC promotes economic development across Northern Ontario by providing financial assistance to projects - big and small, rural and urban - that stimulate growth, job creation and develop a skilled workforce.

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