Funding to create 16 jobs
Fedeli announces $768,000 for Capitol Centre, discovery routes, three businesses
hundreds of thousands of dollars in provincial funding announced Wednesday in North Bay is expected to help create 16 full-time jobs in the city.
The $768,000 in funding – announced by Nipissing MPP Vic Fedeli – will be shared among the Capitol Centre, discovery routes and three local businesses - h & m Enterprise, Odyssey Fluid Power and Epiroc Canada Inc.
“This is an important message to let the people know that Northern Ontario is part of our open for business thrusts that we are on and that there is money flowing here into Northern Ontario for these businesses to expand as well,” said Fedeli, who made the funding announcement at the North Bay & district Chamber of Commerce on main Street.
h & m Enterprise will receive the lion’s share of the funding – $425,000 – to purchase equipment and expand its metal fabrication, machining and welding plant on highway 11, North.
Owner heinz Schlueting said the new equipment – a large CNC (Computer Numerical Control) milling machine and lathe – has already been ordered with some pieces expected to arrived as early as next week.
he said the business, which services the mining and forestry industry, is ready to immediately hire two general machinists and expects to hire two more in the new year.
The jobs are among a total of 16 full-time positions that the provincial funds are expected to help create within the various operations.
Odyssey Fluid Power is getting a $128,322 share of the money to renovate a recently acquired commercial building and expand its drilling operations.
Epiroc Canada Inc. will receive $86,817to establish a research and development team to further develop and improve its products for the mining, oil and gas industries.
The Capitol Centre, meanwhile, will get $92,427 to help pay for a specialized sound system expected to help attract bigger acts and meet the needs of rental clients.
The art centre’s Katina Connolly said the new sound system, which was installed in march, is meeting the needs of artists and helping to save money because equipment rentals are no longer required.
“It also allowed our patron to really be able to enjoy the shows because the audio and sound is presented in a much more professional manner,” she said, noting the new system does a much better job of ensuring everyone gets the same experience no matter where in the theatre they are sitting.
The new system cost in the range of $400,000, including installation and staff training. The Capitol Centre also received federal funding for the system last November. There was also a municipal contribution.
most of the funding announced Wednesday comes from the Northern Ontario heritage Fund Corporation. But $36,000 earmarked for discovery routes has been provided through the rural Economic development (red) program.
The trails organization will use the funds to help pay for a marketing strategy to promote the Voyageur Cycling route.
Nipissing MPP Vic Fedeli speaks Wednesday during a funding announcement at the North Bay & District Chamber of Commerce.