Northern Ontario has seen substantial economic growth over the years, and one element contributing to this success is the Northern Ontario Exports Program .
Since its inception, NOEP has funded over 200 Northern Ontario-headquartered companies selling products and services ranging from battery electric mining vehicles to medical devices. It has provided $3.92 million in grants that have induced these companies to invest more than $9 million in new business development activities. This support has allowed businesses to connect with new customers on six continents, creating over 1,000 jobs for communities across Northern Ontario.
When launched in 2011, the program focused on helping Northern Ontario’s world-class mining supply sector reduce its dependency on local clients. While the program quickly evolved to support the global ambitions of entrepreneurs in diverse trading sectors, the program has continued to play an important role in building Northern Ontario’s competitive advantage in global mining markets.
However, resource gaps, labour shortages, and logistical issues are challenges that northern businesses face daily. To overcome these barriers and improve competitiveness on the global stage, NOEP also supports companies to invest in strengthening their teams and operations.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: tbnewswatch - 🏆 75. / 51 Read more »
Source: tbnewswatch - 🏆 75. / 51 Read more »
Source: sudburydotcom - 🏆 6. / 89 Read more »