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WHY INVEST HERE?
The Township of Terrace Bay and the region has numerous benefits for potential investors. Northwestern Ontario has been significantly affected by the downturn in the forestry industry and investors are able to take advantage of excellent investment opportunities in low cost buildings and properties.
"INVEST IN THE TURNAROUND"
Additionally, These Are Some of the Benefits of Investing in Terrace Bay:
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Terrace Bay is strategically located in the centre of Canada and the U.S
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Low worker health benefits in comparison to the US and other countries
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Investments in the local economy with over $7 million invested in the McCausland Hospital Long-Term Care Project (ongoing) in 2009, $45 million invested in Terrace Bay Pulp Inc cogeneration technologies in 2008, $5.5 million for a new primary school and daycare in 2007 and $13 million in water infrastructure from 2005-2009.
- Promising economic development initiatives on the horizon including the $3 million Downtown Revitalization Project and the $2 million Cultural Centre project.
- Numerous other recent successes - for more information download the March 2010 Economic Update or the August 2009 Economic Update
- Available, affordable commercial/industrial land
- Available, affordable residential real estate
- High potential for renewable energy alternatives
- Excellent transportation options through highway, railway and access to Lake Superior
- Excellent regional trades labour
- Strong regional education options through Lakehead University and Confederation College
Contact Information
To assist you in your decision, or for any more information, please feel free to contact one of the following municipal contacts:
To assist you in your decision, or for any more information, please feel free to contact one of the following municipal contacts:
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Mr. Dean Main
Community Development Supervisor
Terrace Bay Community Centre
1 Selkirk Avenue
Terrace Bay, ON P0T 2W0
Office: (807) 825-3315 ext.230,
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Mr. Sean Irwin
Special Projects Co-ordinator
Terrace Bay Community Centre
1 Selkirk Avenue
Terrace Bay, ON P0T 2W0
Office: (807) 825-3315 ext. 231,
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