Written by Ontario Newsroom on 28 November 2014
Ontario is supporting medical research that will lead to improved care for patients while creating jobs in Thunder Bay.
With nearly $900,000 in support from the province’s Northern Ontario Heritage Fund Corporation(NOHFC), two projects are enhancing health care research and boosting the local economy:
- The Thunder Bay Regional Research Institute (TBRRI) is receiving almost $650,000 to fund research using a new technology in early stages of molecular imaging, the findings will help to earlier diagnose diseases like cancer and allow doctors to monitor the effectiveness of prescribed treatments. This project will create two new positions and retain 11 jobs.
- The Lake Superior Centre for Regenerative Medicine (RegenMed) is receiving over $241,000 to buy equipment used to process bone tissue for use in orthopaedic surgeries and dental procedures. This project will create four new positions and retain 10 jobs.
Fostering health care research in the Northwest is part of the government’s economic plan for Ontario. The four part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
Quick Facts
- Since 2003, the NOHFC has invested $967 million in 6,300 projects in Northern Ontario, creating or sustaining more than 24,100 jobs.
- In the Thunder Bay area since 2003, the NOHFC has invested $154 million in 1,264 projects, creating or sustaining more than 5,000 jobs.
- In July 2014, the NOHFC announced an investment of more than $4 million to help the TBRRI fund research projects, buy equipment and create 29 jobs.
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