Economic Benefits

Residents of the
Kingston region have long taken pride in the fact
that their community has been recognized as being a
great place to make a home. Many Kingston-area
families can trace their roots back for generations,
and in May 2008, Money Sense magazine ranked
Kingston as being the 4th best place in
Canada in which to live.
At
the same time, the Kingston region is also rapidly
becoming known as being one of the nation’s best
locations for operating a business. Advantages such
as a dedicated and high quality workforce,
affordable costs of doing business, top-notch
research and development capabilities, and excellent
access to North American and international markets
are helping Kingston to catch the eye of the global
business community. Not surprisingly, in recent
years the region has experienced a noticeable level
of new activity in both traditional industry sectors
and emerging field such as biotechnology and
alternative energy.
One
of Canadian Wollastonite’s most important goals is
to play a part in helping to create a new and
revitalized economic environment in the Kingston and
the surrounding region. The commercialization of the
St. Lawrence wollastonite deposit has the potential
to offer several important economic benefits to the
region:
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The
project will help to create new jobs for residents
of the local community.
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The
size of the deposit, coupled with growing global
demand for wollastonite, will enable mining
operations to be |
carried on for many years to come.
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Because
the deposit is world-class in its significance, it
has already attracted considerable interest in the
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international mining community. This will
help to put Kingston and the surrounding
region on the map, and will help the region
to build more of a global profile that can
be used to attract new investment in other
industry sectors as well. |
At a
time when Ontario is experiencing economic
turbulence and many communities across the province
are being impacted by layoffs and plant closures,
Canadian Wollastonite offers a significant
opportunity to provide Kingston and the surrounding
region with an important economic development
success story.
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