Greater Sudbury Development Corporation Issues Semi-Annual Report
Released Wednesday, Jun 12, 2013
At tonight’s regular meeting of City Council, the Greater Sudbury Development Corporation (GSDC) issued their 2013 semi-annual report. The update provides a synopsis on progress with respect to investments in economic development projects, programs and activities that have received financial support of greater Sudbury council and updates the local economic impact of these investments.
“As a member of the GSDC’s board of directors, I’m proud of the work we do supporting the expansion of current businesses, attracting new business development and encouraging continued economic diversification in our city,” exclaimed Mayor Marianne Matichuk.
Highlights for this half of the year include:
- $20,000 has been given from the Economic Development fund to support the Jazz Sudbury festival. This contribution represents year five of a five-year funding agreement. The board also approved a loan of $85,000 to bridge the financing to Sudbury Summerfest to secure bookings for talent acts. The event was able to use this support to secure singer Carly Rae Jepsen, which will be a major draw for the August event. And, on May 8 2013 the GSDS also approved $496,000 of funding to 14 arts and culture organizations throughout the city.
- Xstrata Zinc recently announced plans to invest $350 million in the reopening of a zinc mine at the Errington and Vermillion deposits West of Sudbury. In addition to Zinc the deposits contain copper, lead and precious metals. Once operating, this project is expected to have a mine life of 10 years and employ as many as 250 people.
- Laurentian University school of architecture will be opening its doors in September 2013 to students. This is the first new school of architecture in Canada in over 40 years and the first outside of Quebec to offer French language programming. The school’s first cohort is expected to bring in 70 students to the downtown core in 2013 with it reaching about 400 students once the school reaches full capacity by 2017. Year 2013, will be the last year of GSDC’s direct involvement in the project.
- As part of the City’s tourism strategy, which aims to increase sports tourism in our community, Tourism staff attended the Canadian Staff tourism Congress in Ottawa and met with 15 event holders to discuss opportunities to host events in Sudbury and northeastern Ontario. The City is expecting over 1,500 athletes on November 2nd for the Ontario Federation of School Athletic Associations (OFSAA) Cross Country Running championships, which will be held at the Laurentian University trails.
- Building on the success of 2012, where ten new family practitioners began practicing in Greater Sudbury, another nine new family practitioners will set up their practice in Greater Sudbury, providing over 12,000 residents access to a family physician.
- The City of Greater Sudbury continues to be a movie and television hub for many productions. A Fighting Man recently completed shooting in the city. The film included such stars as, James Caan, LouGossett Jr, Dominic Purcell and Michael Ironside. The production employed 66 crew members from Northern Ontario.
“The GSDC is proud to support initiatives that advance the City’s Economic Strategic Plan, and lay the foundation for economic growth and job creation” said Scott Lund, Chair of the GSDC. “By providing seed funding to these organizations, we continue to build a vibrant, diverse and prosperous community.”
The GSDC is the economic development arm of the Corporation of the City of Greater Sudbury. Consisting of a 17-member board of directors, and supported by City staff, the GSDC serves as a catalyst for economic development initiatives, and supports the attraction, development and retention of business in the community.