FedNor funding for Trucor
EDITOR’S NOTE: Sault Business Matters has received the following media release from Sault member of parliament Terry Sheehan.
Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Ministers of Labour and Seniors, has announced $442,000 in FedNor funding for the Trucor Steel Structures Inc., an Indigenous-owned and led business. The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor.
FedNor’s support will enable Trucor Steel Structures Inc. to purchase heavy equipment necessary to provide additional services central to construction processes, which will enable the business to take advantage of growth opportunities. Specifically, the funds will support the acquisition of an excavator, front end loader, skid steer, and a mini excavator, which will enable Trucor Steel to dig foundations for building projects and to participate in other construction opportunities.
In addition to supporting the growth of an Indigenous-owned and led business in the region, this project is expected to create ten full-time jobs while diversifying local industry.
QUOTES
“Every investment in Algoma region represents another building block that makes our communities stronger. These FedNor funds are going to help create jobs while expanding a local business, but they’re also going to help meet the infrastructure needs in Indigenous communities and more rural areas. These kinds of projects, that enable new economic opportunities in places without access to those possibilities, can be transformative; investing in our region now means creating opportunities for generations to come.”
- Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Minister of Labour
“Projects like this are especially impactful because not only do they create jobs, they help support businesses and services needed for long-term growth in Northern Ontario. The Government of Canada recognizes that economic reconciliation is important, and this FedNor investment in an Indigenous-owned and led business will provide opportunities for economic growth, to attract new investments and developments, and to expand the skilled workforce. Canada is strongest when we succeed together, and entrepreneurial support for underrepresented groups means our communities are better equipped to respond to opportunities.”
- The Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor
“This support from FedNor is going to help us expand our services, which will help Trucor Steel grow, but it is also going to help us meet the needs of Indigenous communities and Northern Ontario. We are proud to partner with the Government of Canada in creating opportunities in the region, and we will keep working at building up our communities.”
- Kenneth Daigle, President & CEO of Trucor Steel Structures Inc.
QUICK FACTS
- Trucor Steel Structures Inc. is an Indigenous-owned and led business that specializes in manufacturing housing and commercial and industrial building solutions for First Nations communities.
- They provide permanent structures as well as temporary and/or emergency structures that can be customized for specific locations and needs.
- Trucor Steel is based in Batchewana First Nation, Rankin Reserve, with a satellite facility in Elliot Lake.
- The funds announced are provided through FedNor’s Northern Ontario Development Program (NODP), through which FedNor invests in projects led by municipalities, First Nations, and other organizations and institutions that support community economic development, diversification, job creation and self-reliant communities in Northern Ontario.