Canadore College receives $978K in $2.5M NOHFC funding round
September 29, 2020
By Manufacturing AUTOMATION
An advanced manufacturing centre at North Bay’s Canadore College is one of five recipients in a $2.5-million funding round from the Ontario government to support manufacturing projects in the region.
Canadore College is receiving $978,000 to purchase and install equipment at the Innovation Centre for Advanced Manufacturing and Prototyping, providing industry partners with access to state-of-the-art technologies.
The funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and will help create 15 new full-time jobs and promote economic development in the north.
The other four NOHFC investments include:
- Drillco Mining and Exploration: $500,000 to market a clean-tech modular drilling system with two demonstration prototypes
- Nordic Minesteel Technologies: $500,000 to help bring a battery-powered jack to market and prepare its facility for full-scale production
- Boart Longyear Canada: $374,035 to purchase and install new equipment and software to increase production of its wireline system for oil and gas
- Nordic Minesteel Technologies: $150,654 to design and build a mobile version of a remote-controlled, battery-powered jack for lifting large mining trucks
“Investing in a broad range of industries is integral to creating jobs, prosperity and attracting new business in the north,” says Greg Rickford, minister of energy, northern development and mines, in a statement.
The NOHFC promotes economic development across Northern Ontario by providing financial assistance to projects that stimulate growth, job creation and skilled workforce development. Since June 2018, the NOHFC has invested more than $193 million in 1,386 projects in Northern Ontario, leveraging more than $748 million in investment.
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