Province Investing in Local Economic Development in Schreiber and Terrace Bay
Ontario Supporting Revitalization Projects in Northern Ontario
Ontario is helping to enhance attractions in Schreiber and Terrace Bay to attract more tourists and boost the local economies.
In Terrace Bay, the province, through the Northern Ontario Heritage Fund Corporation (NOHFC), will help the municipality create a waterfront staging area that will promote access to Lake Superior, Slate Islands Provincial Park and the Trans-Canada Water Trail. This includes expansion of the parking and boat launch areas, construction of a year round beach pavilion, gazebo, wind powered sculptures and a brand new boardwalk. This project will also allow the community to host various special events year round and increase waterfront programming.
In Schreiber, the province will fund the construction of a new 1,360-square foot North Shore Express Discovery Centre. The centre will highlight the township’s historical ties to the railway industry by featuring a diesel locomotive and will include a museum and visitor centre. In addition, the province is investing in tourism signage, as well as downtown revitalization, including storm water drainage upgrades, new benches and a new gazebo.
Ontario is also investing in the town of Schreiber’s Clearwell project through the Ontario Community Infrastructure Fund. Once complete, the project will ensure that all residents of Schreiber will have access to safe drinking water.
Investing in tourism and local economic development in the North is part of Ontario’s plan to create fairness and opportunity during this period of rapid economic change. The plan includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25 through the biggest expansion of medicare in a generation.
Quick Facts
- Ontario is investing $2,150,000 in Schreiber and $1.5 million in Terrace Bay through the Northern Ontario Heritage Fund Corporation (NOHFC) Strategic Economic Infrastructure Program.
- Ontario is investing up to $1.03 million through the Ontario Community Infrastructure Fund in the town of Schreiber’s Clearwell project.
- Since 2013, the province has invested more than $621 million through the NOHFC in over 3,845 projects, leveraging more than $2.2 billion in direct economic activity and creating or sustaining over 15,300 jobs in Northern Ontario.
- In the Thunder Bay-Superior North region, the NOHFC has invested more than $63 million in 504 projects that have helped create or retain more than 1,250 jobs since 2013.
- Ontario is tripling its investments through OCIF from $100 million per year to $300 million per year by 2019. OCIF supports projects in municipalities with a population of less than 100,000 as well as municipalities that are located in northern or rural Ontario.
