Kenora Chamber of Commerce applauds provincial budget

The Kenora and District Chamber of Commerce is giving a big thumbs up to the provincial budget.

The budget was released last Thursday.

The Chamber says the fiscal document contains a number of items that will benefit small business and local residents.

That includes a drop of one percent in the Corporate Tax Rate for small business and the elimination of the HST on new homes.

The budget also includes $9.4 million over three years to renew a program for entrepreneurship grants like the Summer Company and Starter Company Plus programs.

The Chamber also applauds the $4 billion dollar Protect Ontario Account Fund which is dedicated to supporting new industries by crowding in private and pension capital.

Chamber president Tim Gosnell says “the budget is a meaningful step toward strengthening the foundation for small business growth across Northwestern Ontario.”

He adds that “while challenges remain, this budget demonstrates a clear commitment to supporting economic stability and long-term growth in communities like ours.”