Press Release
New small businesses—run by young entrepreneurs—are up and running, creating seven private-sector jobs in three Northwestern Ontario communities.
Ontario’s Young Entrepreneur Program is supporting TY-GR Construction, a construction and renovation business in Fort Frances focusing on residential, cottage, and commercial buildings.
Also being supported are DC Productions and Music Studio, a recording studio in Kenora offering production services, instruction, and promotion of local bands, and Precision Auto Body, an auto repair and body shop launched in Sioux Lookout.
“Our government recognizes that small businesses are the economic engines of many northern communities,” said Northern Development, Mines and Forestry minister Michael Gravelle, who also chairs the Northern Ontario Heritage Fund Corp.
“These investments are creating jobs for young people and helping their careers take root close to home,” he added.
The NOHFC is providing $25,000 to each of these projects under its Young Entrepreneur Program, which helps northern residents aged 18-29 start their own for-profit business in the north.
Forty percent of new Ontario businesses are started by young people aged 25-34, and 16 percent by youth under 25.
Since 2005, the NOHFC has invested nearly $6.6 million in the start-up of some 290 businesses by young entrepreneurs in Northern Ontario.
