Feb 6th, 2018
Smooth Rock Falls Economic Development Corporation
Atn: Robert Blanchette
142 First Ave
PO Box 249
Smooth Rock Falls, ON P0L 2B0
Dear Mr. Blanchette
On behalf of the Town of Smooth Rock Falls, I am proud to notify the Smooth Rock Falls Economic Development Corporation that council has approved the request of $57,000.00 to be added to the 2018 Budget.
The funds approved are to go towards the hiring of an employee to support the ongoing Smooth Truck Fest and to cover operating expenses for the SRFEDC. The 2018 overall estimated financial support also includes In Kind financial support such as municipal staff, equipment, photocopier use, office space and other support at a total estimated cost $90,000.00.
Over the past 10 years the Town has proudly supported the SRFEDC by:
-donating a cash contribution of $282,000.00
-donating In Kind contribution annually estimated at $32,000.00 to $35,000.00.
-donating In Kind support of $30,000.00 Loan to cash flow the Smooth Truck Fest.
-assisting in the financing of the race track improvements
The Town of Smooth Rock Falls recognizes the importance of the economic influence Smooth Truck Fest provides to our businesses and non-profit organizations. As well it is a festive event that spreads pride and celebratory spirit to our community that residents and non-residents look forward to attending every year.
Mayor Michel Arseneault
Posted on: Feb 16 2018, 2.51 PM Category: News