For immediate release: 24 May 2006

New Economic Investment Means Growth In Tourism, Business And Economy For Greater Peterborough Area
McGuinty Government On The Side Of Ontario Business

PETERBOROUGH - The McGuinty government is supporting community revitalization by investing in a plan to promote business and economic growth, Jeff Leal, MPP for Peterborough announced today on behalf of Leona Dombrowsky, Minister of Agriculture, Food and Rural Affairs.

"Today's announcement shows how the McGuinty government is on the side of Ontario businesses, including small businesses and entrepreneurs who help Ontario prosper," said Leal. "We will continue to provide every opportunity for a higher quality of life for the residents in the Greater Peterborough Area."

The government will invest $20,000 to help the Greater Peterborough Area Economic Development Corporation and the County of Peterborough develop a Business Retention and Expansion strategy. The plan will promote tourism, business and economic growth in the Greater Peterborough Area.

"We are pleased that the Ontario government has chosen to support this project," said Jay Amer, general manager of the Greater Peterborough Area Economic Development Corporation. "This plan will promote an integrated approach to economic development and improve business and community competitiveness for Peterborough."

Other McGuinty government initiatives for Ontario businesses include:

  • Investing over $19 million in rural communities through the Rural Economic Development Program since October 2003
  • A $500 million advanced manufacturing investment strategy that provides loans to help industry stay competitive
  • A refundable apprenticeship training tax credit

Today's investment was made through the Rural Economic Development (RED) program, which invests in projects that support sustainable rural economies and community partnerships - a key part of the government's plan for rural Ontario. Through the RED program, the Ontario government and its rural partners are building stronger communities. For more information about RED or Ontario's rural plan, visit www.omafra.gov.on.ca.

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Contacts:
Christopher Flavelle
Minister's Office
416-326-3072

Brian Cardy
Rural Investments Branch
519-826-3787

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