Timmings.
The intended goals of the Timmins strategic plan are to attract new investment, retain existing employment and diversify the economic base. They will achieve their goals by focusing on five potential opportunities: cogeneration plants, casinos, transportation, value-added wood products and reduced telecommunication costs.1.) Discover Abitbi, an estimated $12-million initiative has been a huge success. Over the last year and a half, results for the Abitibi corridor indicate the area is considered to be the richest area for mineral deposits in the world.
2.) With private industry participation and expertise, and the Ministry of Natural Resources' forestry knowledge, Timmins representatives would like to create an initiative similar to the Abitibi project that would highlight the region as area of forestry excellence. Although it is still in the preliminary stage, it has gained much momentum in the region. As well, the city is looking at value-added product manufacturing to complement the sector.
3.) With the deregulation of the electricity market and the presence of large industry in Timmins the environment is ripe for cogeneration plants fueled by wood waste from local forestry operations or natural gas. The energy would then be sold on the open market.
Plans to consider such a development were reintroduced after years of being shelved.
4.) After 9/11 there has been a huge push to move data information away from major cities. The City of Timmins would like to begin marketing the area as a prime spot for data storing. Local development representatives are looking to draw on new opportunities in this field.
TIMMINS LABOUR FORCE BY INDUSTRY Statistics Canada 2001 Census of Labour Force Mining 2,595 Agriculture 465 Manufacturing 1,255 Construction 1,460 Selected Services Financial & Insurance 460 Real Estate 235 Wholesale Trade 705 Retail Trade 2,970 Transportation 1,085 Professional & Scientific 790 Health Care 2,260 Total 21,850 Males 11,840 Females 10,015
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| Title Annotation: | 2004 Ultimate Business Reference Tool |
|---|---|
| Publication: | Northern Ontario Business |
| Geographic Code: | 1CANA |
| Date: | Apr 1, 2004 |
| Words: | 314 |
| Previous Article: | Greater Sudbury. |
| Next Article: | North Bay. |
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