The Ontario government is building strong rural communities with investments that will help to support modern and efficient public infrastructure and boost economic development.
Lisa Thompson, MPP for Huron–Bruce, announced that the Municipality of South Bruce will receive $250,000 in funding through Ontario’s Rural Economic Development (RED) Program to build opportunity and support local economic growth.
Today’s investment will help South Bruce to redevelop a vacant building in the downtown core, to provide healthcare services to residents.
“Our government is listening to the needs of rural Ontario, and we are committed to putting in place programs that will attract investment, create jobs and boost economic growth,” said Thompson. “This investment will support the residents of Teeswater in receiving the healthcare they need from a new medical centre that is closer to home.”
This funding is part of 61 projects the Ontario government is supporting to help diversify local economies, retain skilled workers, and create jobs in rural communities. The province is committing up to $3.8 million in cost-share funding through the intake of this funding.
Ontario’s Rural Economic Development Program continues to support rural communities and provide funding that will address barriers to economic development, and better position rural communities for sustained growth and job creation.
Applications for the new targeted RED Intake were accepted from February 7, 2022 to March 7, 2022.
The Government of Ontario has committed more than $15.2 million to fund more than 287 economic development projects through the RED program since 2019.
The RED program supports projects with tangible benefits to rural and Indigenous communities that help to attract business, investment, and create jobs, while also providing greater value for taxpayer dollars.