November 28, 2011

Greenstone Economic Development Corporation, Geraldton

In early 2006, Greenstone Economic Development Corporation’s (GEDC) ability to anticipate and adapt to the northwest’s changing economic climate was put to the test when the main industry, forestry, took a hit.  The CFDC used this economic curve as an opportunity to examine other emerging industries.

A ground-breaking project known as the Greenstone Mineral Development Initiative was launched involving 3D modeling and GIS data.  Extensive historical data was compiled for the Beardmore-Geraldton Camp.  This once forgotten camp was promoted to the mining world.  The marketing message, "Stake a claim where the past meets the future" was promoted.

Northwestern Ontario began to witness a staking rush and GEDC prepared communities to be ready if any of the exploration companies went into production. 

To showcase its communities to investors, GEDC published papers on labour force, operational benefits, gap analysis, and market study.  Procurement sessions and ambassador training were also hosted.  The GEDC continues to prepare for an open pit mining industry.

Photo:  airplane