Bruce-Grey-Owen Sound MPP Bill Walker has announced that five local projects will receive up to $447,786 in funding through Ontario’s Rural Economic Development (RED) program.
These are five of the more than 60 projects the Ontario government is supporting to help diversify local economies, retain skilled workers and create jobs in communities like Bruce-Grey-Owen Sound. The Province is committing a total of $ 5 million in cost-share funding in this latest intake of the RED program.
Local projects receiving funding are:
“This is terrific news for our local communities. I’m excited to see that these worthwhile projects have received support,” said Walker. “This funding will be a significant boost to our local economic development initiatives.”
“Supporting local jobs and economic development in rural communities is more important than ever,” said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. “As the economy continues to reopen, our investments in the Rural Economic Development program will have a very real impact for communities across rural Ontario.”
In addition, the Ontario government is committing $5 million in cost-share funding under the next intake of the RED program to help rural communities implement additional economic growth plans to address the economic impacts of COVID-19. The new RED intake will open on August 30.
Ontario’s Rural Economic Development (RED) program will allow rural communities to better respond to the local economic impacts of the pandemic, by supporting actions that will address barriers to economic development, and better position rural communities for economic growth and job creation.
Economic growth in rural and Indigenous communities during COVID-19 is part of the government’s plan to get every region of Ontario back on track so they can create jobs, opportunity and prosperity for everyone.
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