April 2020 | Economic News in Thunder Bay

April 2020

Economic News in Thunder Bay

During this extraordinary time, all levels of government are taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families.

For more information, please visit the following:

Government of Canada : COVID-19 Economic Response Plan: Support for Canadians and Businesses

Government of Ontario : Ontario's Action Plan in response to COVID - 19

City of Thunder Bay : COVID - 19 Community Updates

Premier Announces US$205M Offer to Acquire Centerra's Interest in Greenstone Gold Mines Partnership

THUNDER BAY, ON, March 30, 2020 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier", "the Company") (TSX:PG) (OTCPK: PIRGF) today confirms an offer to acquire the remaining 50% interest in the Greenstone Gold Mines Partnership ("GGM") has been made to Centerra Gold Inc. ("Centerra"). Total consideration of the offer is approximately US$205 Million. The acquiring party, at the option of Premier, will be another company that is an assignee of Premier's rights under the offer letter.

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The Thunder Bay CEDC Office is closed

The Thunder Bay CEDC team is monitoring the impact of COVID-19. We are ready to help you access supports provided by the Government of Canada & stakeholder organizations. Our department continues to offer advisory consultations for your business via phone or email, in addition to support for general inquiries via email.

Local businesses have put their customers and communities first throughout the coronavirus crisis, voluntarily and proactively taking measures to keep people safe and healthy. Many have closed temporarily while others have remained open. As a service to our vital businesses, large and small, and their customers, Acadia Broadcasting Limited and Huddle (an online Atlantic Canadian Business publication) has created a directory for those that remain open for business.

Small Business News in Thunder Bay

April 2020 feature is Jamie Nichols

Meet Jamie Nichols, Owner & Roastmaster, Rose N Crantz Roasting Co.

Jamie is originally from Thunder Bay and started Rose N Crantz Roasting Co. as a home based business in 2013. He roasted coffee for five years out of his home before moving into a commercial production space. Rose N Crantz coffee selections are sourced from around the world with a focus on single origin varieties and direct trade. They supply freshly roasted retail and wholesale coffee to restaurants, grocery stores, cafes, and shops across northern Ontario. They also operate two coffee shops out of the Thunder Bay Country Market (one on each floor). Company slogan: "love the coffee you drink and drink the coffee you love".

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Start, expand or buy a business

Starter Company Plus is a training program for people who want to start a new business, purchase an existing business, or expand their existing business.

Program participants have the option to apply for a grant of up to $5,000 upon the completion of a business plan.

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Apply now for the best student summer job ever

Learning how to run your own student business is one of the best summer jobs you can have. You get to be your own boss while learning what it takes to manage a business. Sales, marketing, bookkeeping, customer relationship management and networking are just a few of the highly useful skills you’ll develop.

Learn more

Tourism News in Thunder Bay

Our tourism team encourages folks not to use this time to panic, but to plan.

If you have the ability to, please support local businesses that are adapting to the changing world and doing what they can to keep their doors open and themselves remaining staff employed. Let’s all remember that the small and medium entrepreneurs are the backbone of our tourism sector and can often be, from an economic perspective, the most vulnerable.

You can support local small business by:

Ordering takeout or delivery
Buying gift cards for future use
Ordering online. More businesses locally are adopting online sales and delivery options
Look for and purchase their products on local grocers shelves when you’re out shopping. Maltese, George’s Market and Metro all carry local food products.
Make a future booking
Plan a future staycation with your family this summer or fall – www.visitthunderbay.com
Follow and share their social media posts
Reach out to fellow businesses to seek opportunities to cross promote and work together during and post covid.
Reach out and offer words of support, encouragement to one another. Check in with your partners and make sure they’re ok.