Economic Development

Main Street with Wayfinding Sign

Overall economic development strategies such as workforce development, strategic alliances and partnerships, business recruitment, tourism development, and downtown revitalization can contribute to a healthy and growing central business district.

Penetanguishene is home to major institutions such as the Waypoint Centre for Mental Health Care, the Central North Correctional Centre and the upcoming expansion of Georgian Manor/Georgian Village. With major industries like Techform Products and CCL Containers, Penetanguishene has a stable and skilled workforce to offer. Educational facilities include six (6) elementary schools and two (2) secondary schools, under the jurisdiction of five (5) different school boards. Georgian College campus is located in the nearby Town of Midland.

The tourist industry is also a major employer with five (5) marinas and home of the Ontario Marine Operators Association. The Town operates a Tourist Information Centre at the Historical Port of Penetanguishene with marina and launching ramp. The Town also has over 69 hectares (170 acres) of parkland, three ball fields, several playgrounds and kilometres of trails.

Downtown Improvement Area

A vibrant downtown is the goal of any municipality and features multiple uses, services, and events. The presence of these attributes creates a connection and competitiveness downtown resulting in a healthy and energized community. We have several programs happening in the downtown improvement area including:

Downtown Beautification Program

The beautification of the Main Street corridor will help to enhance the revitalization of the downtown, which is essential for a healthy and vibrant community. The Town of Penetanguishene works with a dedicated group of volunteers to help beautify the downtown every year and there are some great ideas planned for downtown beautification!

View this year's opportunities on ways that you can help out with Downtown beautification.


Business Information & Support During COVID-19 ​​

Financial Assistance

Small Busine​​sses

​​Ontario’s Main Street Relief Grant: PPE support

Property Tax and Energy Bill Rebates

COVID-19 Energy Assistance Program

All Businesses

Canada Emergency Rent Subsidy (CERS)Canada Emergency Business Account (CEBA) Interest Free Loans

Business Credit Availability Program (BCAP)

Canada United Small Business Relief Fund

Canada Emergency Wage Subsidy (CEWS)

Regional Relief and Recovery Fund (RRRF)

Mid-Market Financing Program

Mid-Market Guarantee and Financing Program

Large Employer Emergency Financing Facility (LEEFF)

Highly Affected Sectors Credit Availability Program (HASCAP)

GuaranteeSkills Development Fund

Employees

Canada Recovery Benefit (CRB)

Canada Recovery Sickness Benefit (CRSB)

Canada Recovery Caregiving Benefit (CRCB)

Underrepresented
Groups

Black Entrepreneurship Program

Tender opportunities for Canadian Black owned or led small businesses

Relief Measures for Indigenous Businesses

Indigenous Community Business Fund

Women Entrepreneurship Strategy Ecosystem Fund

FedDev Ontario supports women-led businesses

Federal & Provincial Programs & Resources

Federal
Resources

Federal
Announcements

Canada’s COVID-19 Economic Response Plan

Completed measures to respond to COVID-19

Canada's COVID-19 Economic Response Plan – Overview

Provincial Resources

 Provincial Announcements

COVID-19 public health measures and restrictions

COVID-19: Help for businesses in Ontario

Ontario's Action Plan: Responding to COVID-19

A Framework for Reopening our Province.

Ontario Releases COVID-19 Response Framework to Help Keep the Province Safe and Open

COVID-19 worker and employee screening

Ontario Launches Education Campaign to Help Workplaces Reopen Safely

2021 Ontario Budget- Ontario's Action Plan: Protecting People's Health and Our Economy

Hotlines

  • Province Launches Business Support Line: The province has launched a toll-free line 1-888-444-3659 to provide support to Ontario businesses who have questions about the province's recent emergency order to close at-risk workplaces following recommendations by Ontario's Chief Medical Officer of Health.
  • The Government of Canada's Coronavirus Hotline can answer questions and provide information:1-833-784-4397 
  • The Emergency Watch and Response Centre (EWRC) can be called 24/7 by Canadian citizens abroad in need of emergency assistance: 1-613-996-8885
  • The Business Development Bank of Canada can answer questions for business owners: 1-877-232-2269
  • This Employment Insurance (EI) hotline can be called if you have already completed the application for EI sickness benefits, whether you are sick or quarantined, to have the one-week waiting period waived: 1-833-381-2725
  • For questions on international trade, call Export Development Canada: 1-888-220-0047
  • Ontario Public Health Authority: 1-866-797-0000
  • Canadian Mental health Association: 1-833-456-4566
  • Minister Ng and the Canadian Chamber of Commerce announce hotline to provide small businesses in need with financial planning advice amid COVID-19: 1-866-989-1080 (toll-free) seven days a week, from 8 a.m. to 8 p.m. (ET)

 

  EDCNS logo

THE POWER OF FOUR

Watch our national award-winning “The Magic of North Simcoe” video and download our “Invest in North Simcoe: A Region of Opportunity” profile today!

The Economic Development Corporation of North Simcoe (EDCNS) advocates as “one economic development voice” for the municipalities of Midland, Penetanguishene, Tay and Tiny (the Power of Four). Collaboration by knowledge sharing facilitates business investment.

Governance

EDCNS is a not-for-profit corporation governed by a Board of Directors which includes representation from each of the four municipal councils.  Through ongoing commitment with the County of Simcoe, the four North Simcoe municipalities and our talented Board of Directors, our dedication empowers continued opportunity, growth and economic prosperity. 

Mission

To promote and foster balanced sustainable economic growth in North Simcoe.

Key Deliverables

  1. Business Retention and Expansion (BR&E)
  2. Grow the economy through investment attraction and job creation
  3. Market the assets of our four municipalities within and beyond the County of Simcoe

Four Pillars

The EDCNS focus is on four key sectors: Advanced Manufacturing, Agribusiness, Healthcare, and Tourism (North Simcoe Tourism gbay.ca). The regional focus (Power of Four) reinforces initiatives to drive growth and improve the environment for producing and marketing goods and services from North Simcoe.

North Simcoe is a dynamic region in central Ontario that is well positioned for investment, growth and development. It offers business and investors a strategic location, talented workforce and high value for cost.

Advanced Manufacturing Sector/Community Profile
Learn about the talent of North Simcoe’s 66 manufacturers and the beauty of the “Heart of Georgian Bay.”

Agriculture and Agri-Food Economic Profile
Discover the value of Agriculture and Agri-Food in North Simcoe.

Invest in North Simcoe: A region of opportunity
Position yourself in the Heart of Georgian Bay… the flourishing community-friendly business hub bordering on the pristine shores of Georgian Bay in North Simcoe.

Contact

Sharon Vegh, Economic Development Director
(705) 526-1371 x 114
svegh@edcns.ca
edcns.ca


 

Starting A New Business

Penetanguishene offers opportunity for a variety of businesses. Whether you are a small home based mom and pop or an industrial factory or anything in between, Penetanguishene has what you need!

If you are looking to start up or grow a business in the Town of Penetanguishene, view our Expand and Relocate page for more information and resources.


 

County of Simcoe Economic Development Office

Situated just north of the Greater Toronto Area stretching from the shores of Lake Simcoe to Georgian Bay, Simcoe County's combination of location, lifestyle and opportunity makes it a great place to live and do business. The region's diverse communities and natural amenities inspire residents and the business community.

With over 16,000 companies, the business community in the County of Simcoe is diverse and growing. These businesses are supported by a host of resources including 11 Chambers of Commerce, 4 Community Futures Development Corporations, 2 Small Business Centres, a Business Incubator, and many more business support organizations.

Visit the County of Simcoe Economic Development Office website for more information.