Wednesday, March 16, 2011
Northern Grow Bonds Cut
Kenora-Rainy River MPP Howard Hampton says a Liberal decision to scrap the Northern Grow Bonds program shows they have no real plan for northern Ontario.
The agency overseeing the program is one of eleven being eliminated by the province.
Hampton says the program was introduced with much fanfare just six years.
"When the McGuinty Liberals introduced the so-called Northern Grow Bonds, they said it was going to be the greatest thing for the northern Ontario economy," says Hampton. "Now, seven years later, they're shutting it down."
The program raised about $13-million for small and medium-sized businesses through the sale of the bonds.