Increased funding to the Northern Ontario Heritage Fund creates jobs, support innovation and build communities
Northern Ontario’s diverse communities and businesses play a critical role in Ontario’s economic prosperity. It is a unique region of our province, with distinct needs.
In 2014, you elected us to build Ontario up. Since then, the Ontario Liberal government has made significant investments in Northern Ontario’s economic development through the Northern Ontario Heritage Fund Corporation (NOHFC) and support for forestry, mining and manufacturing. Over the past five years, NOHFC investments have created and retained more than 15,000 jobs.
But we are hearing from people that we need to do more. While unemployment has declined in all regions of Ontario, some parts of the province need additional support to create jobs and growth.
That’s why the Ontario Liberals will support Northern Ontario families and businesses with increased investment in economic development. Our plan will:
- Increase NOHFC funding to a total of $150 million in the next three years and expand its programs to better support infrastructure projects and large-scale investment opportunities
- During the trade uncertainty caused by the current softwood lumber dispute, continue to support the forestry sector’s productivity, innovation and access to new markets through the Forestry Growth Fund
- Continue the permanent Northern Industrial Electricity Rate Program to ensure stable, low electricity costs for northern industries
- Complete the Wataynikaneyap Power Grid Connection Project, which will be the largest Indigenous-led and -owned infrastructure project in Ontario history, connecting 16 remote northern First Nation communities to the electricity grid