Province Supporting Economic Growth, Research and Innovation in Northern Ontario
Ontario is investing in Lakehead University, helping to create jobs and support new research and innovation in Thunder Bay.
With an investment of more than $814,000 through the province’s Northern Ontario Heritage Fund Corporation (NOHFC), Lakehead is creating a five-year Industrial Research Chair position in Green Chemicals and Processes. This position will be supported by 16 new jobs. Research will focus on ways for the pulp and paper and mineral processing industries to reduce their environmental impacts.
Additionally, with an investment of more than $473,000 through the NOHFC, Lakehead will develop and build a new Fire Resistance Testing Laboratory, creating two new jobs. This world-class facility will have a large fire testing furnace allowing engineering students to study the fire resistance of various large-scale building components, such as beams, columns and floor assemblies.
Since 2003, the province has invested more than $1 billion through the NOHFC to over 7,080 projects, leveraging more than $3.75 billion in direct economic activity and creating or sustaining over 28,700 jobs in Northern Ontario.
Supporting research and innovation is part of the government’s plan to build Ontario up and deliver on its number one priority to grow the economy and create jobs. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, supportive environment where business thrives, and building a secure retirement savings plan.
Quick Facts
In the Greater Thunder Bay area, the NOHFC has invested over $173 million in 1,412 projects that have helped create or retain more than 5,985 jobs since 2003.
