Vermillion Advantage launches Feasibility Study for Economic Development
The primary goal of the project is to develop a plan for this area that can attract economic growth and job creation, thereby laying a strong foundation for long-term prosperity.
The study kicked off in May with a discovery phase that involved a comprehensive review of existing data, plans, and resources. Other key components of the project include a targeted industry and workforce analysis, along with a series of stakeholder engagement sessions. As community input is critical to the success of the Study, community members will have multiple opportunities to get involved in the process.
'We are honored to be working with Vermillion Advantage. We believe the Feasibility Study will play a pivotal role in evaluating the area's potential to be transformed into a dynamic business park, laying the groundwork for significant economic revitalization and potentially creating hundreds of new jobs in the Danville community. TPMA is prepared to assist the community in achieving these new and emerging economic goals,' said Teresa Nortillo, director of economic development at TPMA.
'Vermilion Advantage is excited about our partnership with TPMA. This is a critical first step in building a solid plan for the revitalization of East Danville. We start from this point by creating our new economy of the future,' said Mike Marron, president of Vermilion Advantage
The final Feasibility Study is expected in November 2025.
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Yahoo
07-08-2025
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Ontario seeks proposals for feasibility study on cross-Canada energy corridor
(Reuters) -The Ontario government on Thursday issued a request for proposals for a feasibility study to explore the best way to establish a new economic and energy corridor in the state. The proposed corridor includes new Alberta-to-Ontario pipelines, which would transport Western Canadian oil and gas to refineries in southern Ontario and to tidewater ports such as a new deep-sea port on the coast of James Bay. The study will also assess the feasibility of port developments on James Bay, Hudson Bay and the Great Lakes, along with a potential refinery along the pipeline route. The energy corridor follows a recent memorandum of understanding between Ontario, Alberta and Saskatchewan to collaborate on protecting Canadian workers, expanding energy and trade infrastructure, and advancing nuclear development to meet rising demand. 'In the face of unprecedented tariffs from the United States and increasing geopolitical instability, Canadians must work together across governments to build the energy and trade infrastructure we need to unlock new markets domestically and protect jobs,' said Kinga Surma, Ontario's minister of infrastructure.
