Wednesday, April 15, 2009

Forestry Funding Reaction

2009-04-15

06:55:13

There is mixed reaction to yesterday's announcement by the federal government how it will role out 170-million dollars to help the ailing forest industry.

President of the Northwestern Ontario Municipal Association Anne Krassilowsky says its a step in the right direction.

"It is good help," says Krassilowsky, "but let's see what it really means. I'm looking at $120 million to go to the development of new products. Is that value-added? That would be my first question. And how is that going to work in northwestern Ontario would be my second question."

Thunder Bay-Rainy River M-P John Rafferty isn't as welcoming. He says the federal government should be offering more loan guarantees, as well as holding a national summit to develop a more long-term strategy for the industry.