Canada—Ontario partnership creates jobs, stimulates economy in Leeds-Grenville

November 16, 2009

Port of Prescott – Residents of Leeds-Grenville will benefit from federal and provincial infrastructure funding to build new grain bins at the Port of Prescott Gord Brown, MP, and Jim Brownell, MPP announced today. The governments of Canada and Ontario will each invest up to $1,841,704.33 in the project. The Municipality of Edwardsburgh-Cardinal will invest the final one-third.

“Under the leadership of Prime Minister Stephen Harper, our government is getting shovels in the ground here in Leeds-Grenville and getting the economy moving as part of Canada’s Economic Action Plan,” said Brown. “We are helping to create jobs today by investing in the Port of Prescott.  This announcement builds on the projects we have announced across the region, including a wharf re-construction at the Port.”

“Under the strong leadership of Premier Dalton McGuinty, Ontario is making historical infrastructure investments across the province and we have been since 2003,” said Brownell. “Investing in this project will create jobs now and help stimulate our local economy. Over the longer term we are also working hard to create a competitive advantage that attracts business and strengthens Ontario’s economy.”

This project will improve grain handling and storage capacity at the Port which will benefit area farmers and local plants.

Canada and Ontario are investing in infrastructure through the Building Canada Fund - Communities Component. The governments of Canada and Ontario are contributing two-thirds of the total eligible costs to projects including this project at the Port of Prescott while Ontario communities are contributing the remainder of the funds.

The Governments of Canada and Ontario are investing close to $11 billion in joint funding for more than 2,600 projects through such programs as the Infrastructure Stimulus Fund, Building Canada Fund - Communities Component and Major Infrastructure Component, Knowledge Infrastructure Program and RINC/Ontario REC. These historical investments will help support job creation and strengthen Ontario's economy.