Business and commercial: Province helps out mining industry

The provincial government is investing in the province's northern mining supply and services industry. The business and commercial sectors of Ontario have been given a boost with the recent news that the province will be pumping more than $2 million into businesses in Nipissing from the Northern Ontario Heritage Fund. Money will go to four separate mining supply and service companies and is expected to create 46 full-time and two part-time jobs.

Businesses that were given a financial injection include Foraco Canada Ltd., Drillco Mining and Exploration, Paige Engineering Ltd. and SafeSight Exploration. Monies will be used for expansion, exploration, manufacturing and modifications to existing infrastructure. The province says funds will support  innovation and cutting-edge technology.

The province says the investments will make Nipissing's mining industry more competitive globally. In addition to the couple million dollars invested in the mining area, the province has also made an investment of more than $120,000 in the Northern Ontario Internship Program. Funds are earmarked for the education, tourism, health care and employment sectors.

There are both provincial and federal incentives for those working in the business and commercial sectors in Ontario. A lawyer may be able to help his or her client to access some of these funds. In addition, a lawyer can guide and advise a client on potential business decisions, bearing in mind the client's goal for his or her business dealings. It may be wise for entrepreneurs to have some knowledge of the laws that oversee their industry, and this information can come from an experienced lawyer. 

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an lawyer-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Ormston List Frawley LLP
6 Adelaide Street
Suite 500
Toronto, ON M5C 1H6

Phone: 416-800-1151
Fax: 416-594-9690
Map & Directions