The mining supply, forestry, agriculture and technology sectors in North Bay are receiving a financial shot in the arm from the province.
$2.4 million is going to nine area projects to support job creation and boost economic growth.
DDS Drilling Services, a brand new diamond core drilling company based in North Bay, receives nearly $890,000.
David Jones, co-founder and Business Development Officer, DDS Drilling Services says the money helped them purchase two clean-tech drilling systems, support equipment, and tooling required for their start-up.
“This project created 16 full-time jobs, all in Northern Ontario, and we continue to expand our operations,” he says.
Other projects receiving funding include:
- $400,020 for Pilot Diamond Tools Ltd. to renovate its facility and purchase new
equipment to allow for business expansion.
- $400,000 for Mano Aggregates Inc to develop an onsite crushing facility for
processing of aggregates
- $227,717 for JMI Design Studios/The Original Bug Shirt Company to purchase and
renovate the building and purchase equipment
- $187,500 for Northern Meat Packers to establish an abattoir/processing facility
- $144,092 for North Bay Machining Centre Inc. to purchase a robotic cell and update its
electrical infrastructure to help improve productivity.
- $124,041 for iRing Inc. to develop hardware and software prototypes
- $56,988 for Metal Fab Limited to purchase new production equipment
- $44,967 for Golden Treasures Maple Products to assist with Capital construction and
purchase of equipment
“Our government continues to foster a strong future in Nipissing by supporting economic growth, job creation and reaffirming the North as a great place to live and work,” said Vic Fedeli, MPP for Nipissing. “It’s one more way we are signalling to the world that northern Ontario is open for business and open for jobs.”
The money is coming from the Northern Ontario Heritage Fund.