City's strategy bears fruit.The Destiny Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. strategy is starting to produce results and attract investment, says the city's top development official. "There are business opportunities coming from within the community that are pretty neat and lot of them are reacting very positively to some of the opportunities identified in Destiny," says Bruce Strapp, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sault Ste. Marie's Economic Development Corp. Their industrial marketing strategy delivered a new GP Flakeboard melamine melamine (mĕl`əmēn'), common name for 2,4,6-triamino-1,3,5-triazine. Melamine is a trimer (see polymer) of cyanamide, H2NC≡N, and is synthesized from calcium carbide. plant now under construction in the city's west-end industrial park. It is scheduled for a July 2005 opening, but behind that are a number of "active clients," including an undisclosed steel production facility scheduled for unveiling in early 2005 and a bio-waste conversion opportunity that is ready to proceed. One long-awaited development is the $50-million Legacy Quest destination tourism attraction at the waterfront Gateway site. Together with Toronto developer Philip Garforth, the city plans on sending its detailed proposal and private financing package to the Northern Ontario Heritage Fund The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development and Mines in the Canadian province of Ontario, whose purpose is to provide funding and program support to foster economic development in the economically disadvantaged Northern Ontario region. Corp. by early spring to secure $15 million in provincial funding. Development of a bioforestry cluster--Science Enterprise Algoma (SEA)--built around the research produced at the city's two world-class government forestry labs, is a high-priority item for 2005. Strapp expects a "wave of energy projects" being developed through a local consortium with some co-generation initiatives and a bio-fuel project now in feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. stages. The city's location on Lake Superior's windward side has made it ideal for the upcoming development of a 100-megawatt wind turbine farm near Gros Cap. RELATED ARTICLE: City of Sault Ste. Marie Quick facts * Population -- 79,908 www.sault-canada.com * Location -- 300 kilometres west of Sudbury * Main industry -- steel manufacturing Target growth areas * Value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. steel, biotech, bio-oil product development * Value added wood products * Aircraft repair, maintenance, overhaul Developments for 2005 * Construction of $15.1-M truck corridor * $25-M arena construction slated for spring 2005 * $50-M Gateway waterfront project Taxes--2004 municipal tax rates * Commercial occupied -- .04866930 * industrial occupied -- .05402205 Real estate * Average cost of 4-bedroom executive house -- $136,000 Top 5 employers * Algoma Steel ''See also Algoma (Disambiguation) Algoma Steel Corporation (TSX: AGA) was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie, Ontario. , manufacturing, 3,000 employees * NuComm International, call centre, 800 employees * Ontario Lottery Gaming Corp., gaming, 525 employees * Sutherland Group Canada Ltd., call centre, 400 employees * St. Mary's Paper St. Marys Paper Ltd. operates a 240,000 tons per year paper mill producing SCA premium, SCA and SCB paper grades under the trade names Sequence, Sequel and Synpress. Paper produced at the mill is primarily purchased by magazine publishers and large retail companies for high quality Ltd., forestry, 380 employees Source: Statistics Canada, www.2ontario.com, Sault Ste. Marie EDC EDC See: Export Development Corp. |
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