Ontario Making Port Hope Open for BusinessPublished on October 18, 2019
Province Investing in Road Construction to Drive Advanced Manufacturing and Tourism
PORT HOPE, ON — The Ontario government is helping make Port Hope open for business and open for jobs by investing in road construction that will drive advanced manufacturing and tourism.
Today, David Piccini, Member of Provincial Parliament for Northumberland-Peterborough South, announced the Municipality of Port Hope is receiving $400,000 to support the extension of Pemberton Drive and enable additional development of the Port Hope Municipal Business Park. The extension will improve access to Highway 401, provide municipal infrastructure, servicing and improvements for existing and future industrial park and commercial development, attract new businesses and facilitate the expansion of serviced employment lands.
As a major strategic employment and investment initiative for the Municipality of Port Hope, the project targets key sectors inlcluding:
- Advanced Manufacturing;
- Agriculture processing and food production;
- Innovative manufacturing, industrial and business support services, which see value in collaborating to establish an integrated industrial logistic/service hub.
“Since taking office, our government has sent a clear message that Ontario is open for business and open for jobs,” said MPP Piccini. “We’re creating an environment where businesses can succeed, and communities can thrive. It’s great to see the Port Hope Municipal Business Park attracting new businesses and boosting the economy of Port hope and Ontario as a whole.”
“We appreciate the Ontario government’s commitment to helping regional economies grow,” said Bob Sanderson, Mayor of the Municipality of Port Hope. “This project aligns with the Municipality’s strategic objective to create new business development opportunities throughout the community and to enable sustainable economic growth. Ontario’s support is helping us to achieve these strategic goals, attract new businesses to our community and create good, local jobs.”
- In the Budget, the government introduced the Open for Jobs Blueprint to help transform Ontario’s business support programs.
- Ontario has over 10,000 businesses with 100 or more employees that account for roughly two per cent of the province’s businesses.
- There are over 400,000 small businesses (with 1-99 employees) in Ontario, accounting for about 98 per cent of all enterprises with employees.
- Since June 2018, employment in Ontario has risen by 272,400.
QUICK PROJECT FACTS
- The project costs of the Pemberton extension and associated infrastructure (storm water, sanitary sewers, Municipal water) is anticipated to be $1,568,000.
- The EODF grant covers 26.5% of the anticipated project costs - $400,000 in total.
- It is anticipated the Pemberton extension will be completed by 2021.
- The Business Park is ideally situated on the south side of Highway 401 with easy transportation access to and from the Toronto Road exit.
For media inquiries, contact :
Paige Wiggans, Executive Assistant
Office of MPP David Piccini
O : 905-372-4000
56 Queen Street, Port Hope