The Honourable Tony Clement, Minister of Industry and Minister responsible for  FedNor, today announced a multi-million dollar Government of Canada investment, aimed at providing a solid foundation for economic recovery and development efforts across Northern Ontario.

Up to $31.4M will be invested through the Community Adjustment Fund (CAF), one of several initiatives introduced as part of Canada's Economic Action Plan. It is the government's intention to support a total of 55 projects in communities across Northern Ontario that are struggling with the effects of the global economic downturn.

Today's announcement demonstrates that our government is taking action to help strengthen Northern Ontario's economy," said Minister Clement.  "This $31.4M investment through the Community Adjustment Fund, delivers on our commitment to develop a competitive and diversified economy, create jobs and ensure long-term growth and prosperity throughout the region.

While in Sudbury, the Minister announced that the Greater Sudbury region will receive $6.75M in  CAF funding in support of three local initiatives.

Minister Clement also announced a significant FedNor investment of more than $930,000 in support of 10 projects in the Greater Sudbury region. The funding will come from FedNor's Northern Ontario Development Program, designed to create new economic opportunities, support business development, retain youth and encourage sustainable growth.

"Today's announcements clearly demonstrate that the Government of Canada recognizes the importance of investing in projects that are of great importance to our community," said Greater Sudbury Mayor, John Rodriguez.  "The announcements made today will serve to enhance our local economy, create jobs, support innovation in the mining industry and provide increased opportunities for residents and businesses throughout the area."

Before funding can be issued as part of the Community Adjustment Fund, proponents of selected projects must meet the terms and conditions set out in their  CAF agreement. Over the next week, a complete list of  CAF projects will be made available online at: http://ic.gc.ca/caf.

A complete list of  FedNor funded projects is available at:  http://ic.gc.ca/fednor.