Sault Ste. Marie

A pair of developers has been recognized by the City of Sault Ste. Marie for its preservation of heritage buildings in the redevelopment of the former St. Marys Paper mill.

Ron Common, president of Sault College , has been named to the Order of Ontario.

The Ontario Power Authority (OPA) and Elementa Group Inc. have reached a power agreement that will allow Elementa to build a renewable energy generating facility in Sault Ste. Marie.

A February symposium being held by the Rural Agri-Innovation Network (RAIN) will focus on growing fruit in the North, which was identified as a topic of interest to Algoma growers.

The Sault Ste. Marie Innovation Centre has hired a team to roll out the city’s Smart Energy Strategy .

Along with his two siblings, president Darren McDougall represents the third generation of family to run McDougall Energy. It began in Thessalon in 1945, and is now headquartered in Sault Ste. Marie, with operations across the country.

Five regional winners have received 2013 Premier’s Awards for Agri-Food Innovation Excellence. The awards are given out annually to recognize contributions to the success of Ontario’s agri-food sector.

Essar Steel Algoma will receive pension fund relief from the province. The new regulation allows for fixed payments over the next three years and extends the amortization period, through to 2024.

The federal government has provided $466,492 for projects to attract private sector investment, support innovation, and promote business and youth initiatives.

Essar Steel Algoma has secured a $25-million loan agreement with an institutional investor. This agreement reinforces the company’s liquidity position heading into the customary seasonal raw material inventory build, according to a news release.