Ontario Supporting Economic Growth and Job Creation in Mississauga

Published on February 25, 2021

The Rural Economic Development (RED) Program will support business attraction, expansion, and retention

MISSISSAUGA – The Ontario government continues to help rural communities diversify their economies, retain skilled workers and create jobs by investing nearly $800,000 in 16 projects approved through the Rural Economic Development (RED) program.

Today, Rudy Cuzzetto, MPP for Mississauga-Lakeshore, announced that the Rural BIA Investment and Expansion Program will receive up to $70,000 in funding through this program.

With this funding, the Ontario BIA Association will implement a three pronged project that includes community consultations and stakeholder needs assessments; research activities; and training, a best practices manual, and toolkits to attract new business to rural Ontario, and to assist with the expansion of existing rural businesses.

“This funding will help the Ontario BIA Association – based in Mississauga-Lakeshore – create local jobs, support local businesses, and improve the overall quality of life for people living in rural communities across Ontario,” said Cuzzetto. “This is particularly crucial now, as it will help ensure a strong recovery for communities all across Ontario.

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 taxpayer dollars.
  • 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.

 

Additional Resources

 

Contact

Office of Rudy Cuzzetto, MPP
Mississauga-Lakeshore
(905) 274-8228