Federal Investment of $1.1 Million to Benefit Township of Terrace Bay
The Government of Canada invests in waterfront development to help promote the North Shore region of Lake Superior
TERRACE BAY, ON — The residents and businesses of Terrace Bay will benefit from an enhanced waterfront area thanks to a Government of Canada investment of $1.1 million. This FedNor funding will enable the Township of Terrace Bay to develop its waterfront into a regional tourist attraction that will serve as a gateway to the Lake Superior National Marine Conservation Area (LSNMCA) and Slate Islands Provincial Park.
“We are thrilled for this Government of Canada investment in our waterfront development project. Today’s announcement demonstrates that our federal partner in economic development, FedNor, recognizes Terrace Bay’s tourism and economic development potential, and its capacity to help grow and diversify our economy for the benefit of everyone.” Jody Davis, Mayor or the Township of Terrace Bay
The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, and Member of Parliament for Thunder Bay—Superior North, made the announcement today on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
“The Government of Canada is proud to invest in strategic initiatives that strengthen the tourism sector and enhance business development and growth. This FedNor investment will help fuel the regional economy by attracting additional visitors from outside the region, creating jobs and opportunities for local residents.” The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, and Member of Parliament for Thunder Bay—Superior North
Specifically, the investment will support the servicing of the site, expansion and paving of a parking lot and boat launch, development and installation of interpretive and wayfinding signage, and construction of a pedestrian walkway, beach pathway, gazebo and year-round operating pavilion. This priority project will help the Township of Terrace Bay to position the community as a tourism destination of choice along the North Shore, while creating businesses and jobs.
Quick Facts
- The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.
- The Prosperity and Growth Strategy for Northern Ontario outlines the Government of Canada’s approach to ensure the region can fully benefit from the national Innovation and Skills Plan. It is focused on three key economic development areas: supporting innovation; growing companies; and building stronger communities.
Related Links
- To find out more about our programs and services, please visit: fednor.gc.ca.
- Follow FedNor on Twitter.
- Follow Innovation, Science and Economic Development Canada on Twitter.
