FedNor dropped close to $3.4 million to boost tourism in the Township of Schreiber and for small business support along the north shore of Lake Superior.
The township landed $1.67 million for the construction of the North Shore Express and Discovery Centre, a new tourist attraction, and also to fund an investment attraction consultant to bring more business to town.
The centre will highlight Schreiber's history as a railway town, will create five jobs and according to a July 16 FedNor news release launch four new businesses, expand five existing businesses, and bring 14,000 visitors to town every year.
Schreiber Mayor Dave Hamilton was pleased with the funding.
“This investment will help us attract and expand businesses and diversify our economy. It will also help us draw additional visitors to the community, which will be very beneficial for our local businesses”
FedNor also delivered $1.7 million to the Superior North Community Futures Development Corporation (SNCFDC), its operations budget for the next five years. The Superior North CFDC is one of 24 corporations in Northern Ontario funded by FedNor that provides financing, advisory and business development services to businesses and communities from Dorion to Manitouwadge.
“This financial assistance will go a long way in helping us in our efforts to support business development, create jobs and improve the commercial and industrial base of the many communities we serve throughout the region,” said CFDC chair Lawrence Woods.
Thunder Bay-Superior North MP Patty Hajdu delivered the news to the community.
“These investments will help attract additional visitors to the region, foster strong business growth and diversify the regional economy for many years to come.”