Regional Mayors join the MPs present at the Minister of Innovation, Science and Economic Development’s media announcement.  From left to right:  Mayor Peter McIsaac, Powassan; MP Marc Serre, Nickel Belt; MP Anthony Rota, Nipissing-Timiskaming; Mayor Leo Jobin, Chisholm; Mayor Al McDonald, North Bay; Mayor Hec Lavigne, Callander; the Honourable Minister Navdeep Bains, MP Mississauga-Malton; Mayor Al Spacek, Kapuskasing and President of FONOM.  Missing from the photo but in attendance:  Mayor Peter Murphy, Mattawan.

The Honourable Minister Bains was in North Bay today at Discovery North Bay to announce the launch of the new Prosperity and Growth Strategy for Northern Ontario.  A targeted approach to economic development through innovation.  The strategy will focus on ways to build on Northern Ontario’s unique strengths and competitive advantages in mining, resources and agriculture, among other sectors.

Navdeep Bains is the Minister of Innovation, Science and Economic Development and is also the Minister responsible for FedNor.

With the recent Federal Budget, the funds to FedNor will be increased to $46.13 million per year, which is a $25 million dollar increase over five years,  to support businesses and communities in Northern Ontario.  Along with the regional strategy for Northern Ontario, the Government of Canada will eventually have its own version of this strategy in every region of the country through the Innovation and Skills Plan.

Minister Bains stated “Each region of our country has unique strengths.  That means innovation doesn’t just happen in the big cities—it happens in every region of the country.  Where innovation happens matters because that’s where the best jobs are located.  Our government’s goal is to promote regional advantages that help our homegrown      companies develop into globally competitive successes.”