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Ontario’s RED funding supports economic growth in Quinte region

February 24, 2021

For immediate release
Wednesday, Feb. 24, 2021

BAY OF QUINTE – The Ontario government is providing $47,600 to the Quinte Economic Development Commission (QEDC) to increase awareness of the region’s manufacturing sector among prospective employees, announced Todd Smith, MPP for Bay of Quinte.

QEDC will use the funding for promotional activities such as creating company profiles, using print, digital and in-store advertising, and creating a landing page to monitor job referrals.

“There are many good-paying manufacturing jobs with benefits available with employers across the Quinte region,” said Smith. “As our economy recovers post-COVID-19, this program will be a valuable tool in connecting potential employees to available jobs.”

The project is one of 16 supported through the province as part of an $800,000 investment in targeted funding through the Rural Economic Development (RED) program. 

“This new targeted funding is just one of the many ways our government is supporting job creation and economic development across the province,” said Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs. “We’re encouraging local economic growth by supporting projects that help expand businesses and provide skills development and training for employees. These kinds of investments are particularly important as we lay the foundation for our recovery from COVID-19.”

This intake was directed at upper-tier municipalities and not-for-profit regional organizations with a mandate focused on regional economic development. Qualifying projects would be eligible for up to 70 per cent of total costs to a maximum of $75,000 in provincial funding.

Supporting renewal, growth and economic recovery in rural and Indigenous communities is part of the government’s plan to get every region of Ontario back on track so they can create jobs, opportunity and prosperity for everyone.

QUICK FACTS

  •  The intake was focused on projects that remove barriers to business and job growth, attract investment, attract or retain a skilled workforce, strengthen sector and regional partnerships and diversify regional economies.
  • 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 taxpayers.
  • The RED program is helping rural communities and partners create more competitive economic environments so they can diversify and grow their local economies – making economic growth more inclusive.

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