Attracting Investment To Greenstone
"The Northern Communities Investment Readiness program is an effective tool for northern communities to promote their assets and advantages to advance economic development." Michael Gravelle, Minister of Northern Development, Mines and Forestry
McGuinty Government Helps Community Prepare for Future Investment
Greenstone is promoting economic development by positioning itself for investment from the mining sector.
With support from the Northern Communities Investment Readiness (NCIR) program, the Greenstone Economic Development Corporation is:
- Developing a cost competitive analysis study for operating a business in Greenstone.
- Conducting a labour market skill set study to identify future labour needs in the Greenstone region.
- Studying Red Lake’s mining sector to promote and develop procurement opportunities for mining companies in Greenstone ;
- Developing an investment readiness package ;
- Creating a Region Familiarization Tour for potential investors and training Ambassadors to lead the tour.
These initiatives are part of the government’s five-year Open Ontario plan to create jobs and economic opportunities in Northern Ontario.
QUICK FACTS
- The province is supporting these initiatives with $60,000 from the NCIR program.
- Earlier this year, NCIR support helped Greenstone conduct a workshop to identify business opportunities within the mining sector.
- To date, more than $2 million in NCIR funding has been approved for 229 initiatives across the North.
