Sault Ste. Marie

Sault Ste. Marie’s Community Development Corporation has received $300,000 in FedNor funding to support small business development, growth and job creation in the city.

Original story provided by Dave Helwig at Sootoday.com . Elementa Group Inc. has closed a land deal with the City of Sault Ste. Marie, acquiring 15 acres of property to build its long-awaited energy-from-waste commercial plant.

Essar Steel Algoma announced in late July it secured US $100 million in short-term financing from its parent company, Essar Global Fund Ltd., as the money-losing Sault Ste. Marie steelmaker restructures to tackle a debt of more than $1 billion.

Funding has been secured for the Goulais Wind Farm currently under construction north of Sault Ste. Marie. Capstone Infrastructure Corp.

The Sault Ste. Marie Innovation Centre has launched the Business Accelerator Series, a sequence of workshops aimed at helping business owners and entrepreneurs at various stages of their ventures. The series kicks off on Oct.

More than 400 business leaders from across the North celebrated the 28th Annual Northern Ontario Business Awards on Thursday September 25th, 2014 at the Comfort Suites and Quattro Conference Centre in Sault Ste. Marie .

Essar Steel Algoma has received final approval for its refinancing plan. The Ontario Superior Court of Justice approved Essar’s Plan of Arrangement, deeming it fair under the Canada Business Corporations Act.

The Sault Ste. Marie Innovation Centre will play host to an energy conference in November. Energy Opportunities Conference: Making Things Happen! will take place Nov. 4-6.

A former building on the St. Marys Paper mill site in Sault Ste. Marie is being repurposed as an event venue.

FedNor announced an injection of $1.2 million into the Northern Ontario economy. The biggest single chunk will go to Sault Ste. Marie for streetscape improvements in its downtown core.