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NOHFC funds help businesses to expand in Sudbury

By: Sudbury Northern Life Staff

 | Feb 04, 2014 - 2:11 PM |
Funding from the Northern Ontario Heritage Fund of more than $673,000 will help two local businesses expand their operations.

IBS of Northern Ontario, a distributor of lead acid batteries, is receiving $600,000 to help in the construction of a 7,600-square-foot warehouse and retail store.

The Northwest Fudge Factory, a manufacturer of cream and butter fudge in Levack, is receiving $73,944 to acquire new equipment to increase its daily production capacity.

Sudbury MPP Rick Bartolucci made the announcement today.

“Today’s funding is helping northern entrepreneurs create jobs in Greater Sudbury and further grow the local economy,” said Bartolucci. "Our government is committed to fostering new and sustainable business development opportunities to create more jobs and strengthen the economy for all northerners.”

Since 2003, the NOHFC has committed more than $876 million to about 5,800 projects helping create or retain more than 22,600 jobs across the North.

Furthermore, since 2003, the NOHFC has invested $127 million in 767 projects in Sudbury, creating or sustaining more than 2,400 jobs.

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