The Greater Sudbury Development Corp. (GSDC) announced it’s awarded $134,000 to initiatives that support growth in northern exports, diversification and mines research.
Announced on Sept. 8, the funding, which comes from the $1-million Community Economic Development Fund set up by city council, was approved in June. The GSDC said it's awarded $739,000 from the fund since early 2020.
The Northern Ontario Exports Program, which helps businesses access new export markets. A $21,000 investment over three years to Ontario’s North Economic Development Corporation will leverage an additional $4.78 million in public and private sector funding for continued and expanded program delivery.
The Defence Supply Chain Capacity Building Program, which will help interested firms in Northern Ontario diversify into the defence industry by providing expertise and training to secure certification and compete for procurement contracts. A $20,000 investment over three years to Ontario’s North Economic Development Corporation will leverage an additional $2.2 million to deliver the program through Canada’s Industrial and Technological Benefits Policy.
Laurentian University’s Centre for Mine Waste Biotechnology, which supports the biomining research of Dr. Nadia Mykytczuk for an environmentally friendly technique of extracting valuable metals from ore. A $60,000 investment will leverage an additional $120,000 in public and private sector funding to support a feasibility study for the commercialization of using prokaryotes or fungi in the extraction process.
MineConnect, a rebranding of the Sudbury Area Mining Supply and Service Association (SAMSSA), which plays a major role in positioning the Northern Ontario mining supply and services sector as a global industry leader. The GSDC continues to support this sector with the third installment of a total $245,000 three-year investment.
The GSDC is the economic development arm of the City of Greater Sudbury, which acts as a catalyst for economic development initiatives and supports the attraction, development and retention of business in the community.