The province has inked a community adjustment agreement with the City of Elliot Lake for a one-year period, effective July 9.

The agreement will provide the city with $264,050 to help develop and implement a long-term recovery plan for local retailers, service employers and their workers, according to a news release.

Community adjustment occurs in situations where a larger work place closes, or when layoffs have broader, more adverse effects on a local economy.

“Our government is helping the citizens of Elliot Lake move forward,” Glen Murray,, Minister of Training, Colleges and Universities, said in a press release. “With this funding, retailers impacted by the collapse of the Algo Centre Mall can start to rebuild their businesses and workers consider their next step.”

“Working together with the Ontario government, we'll help employers and workers who lost their places of work because of the collapse of the Algo Centre Mall rebuild,” Elliot Lake mayor Rick Hamilton said.

Posted by Arron Pickard