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PAGE 8 TERRACE BAY NEWS AUGUST I3, I975 Industrial Park Loans - cont'd from pagel ... -------------------- ------ "The intention of the Govetnneht to support a program of this type was reflected in the On- tario Budget presented by the Treasurer on April 7, 1975. At that time, it was announced that funds were being allocated to the new Ontario Land Corporation for the development of industrial parks. Unfortunately, subsequ- ent budgetary actions of the Federal Govern- ment forced Ontario to reduce its spending plans but this program was modified in degree only and plans for its implementation are pro- ceeding. "The essential feature of the program is that it will support municipal initiatives in the acquisition and/or servicing of industrial}. land by providing deferred repayable loans with a degree of interest forgiveness. "The eligibility of a community for part- icipation will be established by a rigid set of criteria and will include assurance that it can provide the various services required by an industrial enterprise and that the plan conforms to development policies and priorit- ies of all Government Ministries. "The program recognizes the valuable role the private sector plays in development and will provide assistance to private developers for the servicing of land which they own, consistent with the plans of the municipalit- ies involved. "The Ontario Development Corporation and In Canada its Tilden Featuring GMC trucks 'DEN Truck rentals SPADONI BROS. LTD. SCHREIBER -- TERRACE BAY CALL LARRY AT 824-2304 its affiliated Northern and Eastern Ontario Development Corporations will administer the financial aspects of the program. "As will be realized, such a program in- volving the use of both provincial and munic- ipal funds must take into account many legis- lative factors. On July II, 1975, an enabling amendment to the Development Corporations Act was given First Reading in the Legislature The fact that this legislation did not recei- ve Royal Assent prior to the recess of the House will in no way interfere with the contin -uing development of the program which I plan to have in operation this fall. "Initially, due to the present budget con- straints, the emphasis will be directed to the continued page I3 THE NORTHWESTERN ONTARIO SKILL TRAINING BOARD invites INDIVIDUALS AGENCIES BUSINESSES to present verbal and written briefs on the MANPOWER TRAINING NEEDS OF NORTHWESTERN ONTARIO for 1976--77 and the future at THE CONFEDERATION COLLEGE OF APPLIED ARTS AND TECHNOLOGY AUGUST 26, 1975 9AM. 4PM. Please submit written briefs on or before August 26, .1975, to: Mr. Gary Polonsky, Chairman Vocational Skills Programs Confederation College of Applied Arts and Technology P.O. Box 398 Thunder Bay, Ontario. -- sn, 5 hci,