Supporting and Strengthening Local Businesses
North Bay, ON – Oct. 4th, 2019 – The City of North Bay, with the support of the Ontario government, announced today the launch of a new Business Retention and Expansion program (BR&E) aimed at better understanding the needs of local firms and identifying ways of helping them remain competitive and grow.
The program, which involves confidential interviews/surveys and on-site visits to local businesses, gets underway this month and is benefiting from $42,000 in provincial funding through the Northern Ontario Heritage Fund Corporation.
“Our government is committed to supporting communities like North Bay in identifying opportunities for economic growth,” said Nipissing MPP Vic Fedeli. “This investment will help create jobs and sends a signal to the world that Northern Ontario is open for business.”
Led by the City’s Economic Development Department, the program is designed to aid in the expansion of existing companies and to help gauge the health of the business community.
“It’s important that we listen to and support our business community. This program will help to retain jobs and promote new hiring and expansion,” said Mayor Al McDonald. “It’s through partnerships and investments like this that we will be positioned to grow our community.”
Coupled with other economic development initiatives, including a recently-approved three-year moratorium on residential development charges, the BR&E program is part of a larger overall growth strategy for the City. Through added resources, it enhances the City’s ongoing business retention and expansion efforts.
“This program is key because approximately 85 per cent of job growth comes from local businesses,” said Coun. Dave Mendicino. “We will be targeting 250 businesses to participate in the program and we would not be able to undertake this number of visits without the support of our community partners.”
The City of North Bay is inviting all North Bay businesses to participate in the BR&E Program. Please contact BR&E Coordinator Fran Hanover at (705) 474-0400, ext. 2424, to book a visitation.