Ontario government announced that it is providing financial support so the municipality of Brockton can finance the second phase expansion at East Ridge Industrial Business Park in Walkerton.
Long term financing of almost $6 million will support the expansion of serviced lots, providing affordable financing for the asset.
Through the Infrastructure Ontario (IO) Loan Program, almost $6 million will support the expansion of serviced lots through affordable, long-term financing for this important asset.
Huron-Bruce MPP Lisa Thompson made the announcement Friday.
“This is an important step that will help open up much needed fully serviced industrial sites,” said Huron-Bruce MPP Lisa Thompson, who also noted that the demand is high due to a shortage of municipally owned, serviced lots.
“The municipality of Brockton is very appreciative of the ongoing support from the provincial government,” said Brockton Mayor Chris Peabody. “This loan from Infrastructure Ontario will fill the booming demand for industrial land in Brockton. Once again MPP Lisa Thompson has shown her commitment to revitalizing rural Ontario.”
With more than 440 clients, including municipalities and non-profits, IO’s Loan Program has helped finance various types of infrastructure projects such as the construction of roads, bridges, arena complexes and long-term care homes, and the acquisition and installation of capital assets like fire trucks and energy-efficient lighting.