Lisa Thompson, MPP for Huron-Bruce, was in South Bruce on Feb. 17 to announce the province is supporting South Bruce with a $1.5 million investment, from the Southwestern Ontario Development Program. These funds will specifically go towards the municipality’s $8.7 million-project to expand the Teeswater Formosa Wastewater Plant.
“This economic initiative will help strengthen domestic manufacturing, create jobs and attract investment that will serve as a boost for regional economic growth,” Thompson said. “It is a very important project for the municipality.”
The province launched the Regional Development Program in the fall of 2019, as part of its commitment to transform business supports to deliver value for money for taxpayers and create sustainable opportunities for businesses and communities in eastern and southwestern Ontario.
Under the program, businesses, municipalities, and economic development organizations can get financial and access to a range of complementary services and supports.
“We are pleased to receive Southwestern Development funding to support the expansion of the Wastewater Treatment Plant in Teeswater,” said mayor Robert Buckle. “The upgrades will support industrial and residential growth in the Villages of Formosa and Teeswater which is important as we plan for the future of our municipality.”
The Regional Development program will provide $100 million in funding from 2019 to 2023, to support distinct regional priorities and challenges and boost the province’s economic recovery. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create good, local jobs.