News Federal budget good news for Timmins SHARE ON: Taylor Ablett, staff Wednesday, Apr. 22nd, 2015 The Timmins Chamber is calling yesterday’s federal budget announcement good news. They say there are a bunch of opportunities for local businesses, with $65M going into supporting businesses and post-secondary institutions. There is also a proposed reduction of the Small Business Tax, down from 11% to 9% in the next four years. There is also going to be $86M to expand the forestry industry. Chamber President Al Thorne says staffing concerns are on top of mind for many local companies, and the feds putting a priority on improving hiring and training support is appreciated. Thorne says they are pleased to note the feds are putting a priority on improving hiring and training for small and medium businesses. Budget highlights: • $65 million to support businesses and post-secondary institutions with curriculum development; • $4 million to create a one stop portal for labour market information; • Reduction of the Small Business Tax from 11% to 9% by 2019; • $5.8 billion in additional infrastructure spending; • A two-year, $86-million investment in assisting innovation and export market development in forestry operations; and • Another one-year extension of the 15% Mineral Exploration Tax Credit for flow- through share investors.