The City of Dryden has its eye on Northern Ontario Grow Bonds.
Thunder Bay recently agreed to match other major centres by purchasing
a half-million dollars in Bonds.
Dryden City Manager Arie Hoogenboom says discussions are ongoing with
Staff and Council but he hints the community is expected to participate.
The issue will be discussed next Monday at the Committee of the Whole
meeting and no financial details have been released.
Any revenue generated by the sale of the Bonds will be made available to Northern Businesses who are looking to start up or expand.
Meanwhile, the Grow Bonds program is being extended by another week.
The Bonds were supposed to be on sale until April 11th, but that will now be extended until April 18th.
The Province says the move is in response to requests by Northern investors and businesses.
It’s hoped the bond sales will raise 20-million dollars for Northern Ontario businesses.
City Thinking About Grow Bonds
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