The Ontario government is providing $400,000 through the Northern Ontario Heritage Fund Corporation (NOHFC) to help establish Norquay Trusses Ltd. in Sault Ste. Marie, a new business in the forestry manufacturing sector. The funding will strengthen the regional economy, create new jobs and boost the competitiveness of Ontario\u2019s forestry sector.<\/p>\n
\u201cThis investment will allow Norquay Trusses to purchase new equipment and make important facility upgrades to increase capacity and create three new full-time jobs, plus an additional five seasonal jobs,\u201d said Ross Romano, MPP for Sault Ste. Marie. \u201cThis is another example of how our government is helping local businesses to increase their competitive edge while creating more local jobs.\u201d<\/p>\n
The funding will be used to complete building improvements and purchase manufacturing equipment. The company provides custom wooden roof and floor trusses, stock garage and shed trusses, structural builder\u2019s hardware, and wooden panelling. Norquay Trusses Ltd. will re-manufacture softwood lumber into these finished products that will supply the building and construction markets in Northern Ontario and the northern US.<\/p>\n
\u201cOur government is proud to invest in local businesses that support the province\u2019s forestry sector, create jobs and keep the North competitive,\u201d said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. \u201cWith this investment, we will help address increasing market demand for wooden building materials in Canada and the United States.\u201d<\/p>\n
\u201cWe were very pleased to receive the NOHFC grant from the Ontario government, which assisted us in developing our new manufacturing business in Sault Ste. Marie\u201d, said Scott Beaumont, President and General Manager, Norquay Trusses Ltd. \u201cWe have been very busy with roof truss production and are looking forward to continued growth into new markets and with new product lines.\u201d<\/p>\n
The NOHFC promotes economic prosperity across Northern Ontario by providing financial assistance to projects\u2014big and small, rural and urban\u2014that stimulate growth, job creation and skills development. Since June 2018, the NOHFC has invested more than $432 million in 4,025 projects in Northern Ontario, leveraging more than $1.4 billion in investment and creating or sustaining over 6,200 jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"
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