Skip to content

North Bay companies snag $2.3 million in funding

Drillers, coffee roaster, software developer receive provincial funds
NOHFC Aug 30-1

Seven businesses in North Bay were the collective recipients of more than $2.3 million in funding from the Northern Ontario Heritage Fund.

Nipissing MPP Vic Fedeli made the announcement at the Drillco Mining shop in his home riding on Aug. 30.

The host company received $250,000 to develop a diamond core drilling rig that can drill in reverse circulation, resulting in potential cost savings for the mining industry.

Premier Mining Products were also thrilled to the core to receive $962,520 to expand its manufacturing operations of drilling components and for market diversification.

Foraco Canada bit on the $400,000 sent its way to buy more drilling equipment to expand its business.

Twiggs Distribution (Twiggs Coffee Roasters) were perked up by $347,238 for expansion of its storage and processing space.

Miller Technology got a charge out of $251,277 to develop a battery electric vehicle to replace the diesel vehicles currently used in most mines.

Epiroc Canada hit the target with $140,000 to improve the resistance and performance of its mining equipment.

FDM4 International, a software company working in the fashion apparel industry, filled up its virtual grocery cart with $41,830 to expand its facilities.

A government news release said the funding will create 61 jobs among these local companies.

“Our government continues to foster a strong future in North Bay by supporting economic growth, creating jobs and reaffirming the North as a great place to live and work,” said Fedeli in a statement.

“It’s one more way we are signalling to the world that Northern Ontario is open for business and open for jobs.”