| The Community
Investment Fund has a five year term, expiring
December 31, 2009 and administers both cash donations
and in-kind contributions of product or service.
Leading contributions to date include the Sault
Area Hospital Build Campaign ($4M), the Sault
Ste. Marie Sports & Entertainment Centre ($300K)
and the Algoma Residential Community Hospice ($120K).
Through this fund the Company has also established
scholarships with regional post-secondary institutions
including Sault College, Algoma University and
the Northern Ontario School of Medicine. Endowed
with a one time donation these scholarships are
funded in perpetuity and awarded annually.
On the sponsorship side, Essar Steel Algoma is
an annual supporter of key community events and
initiatives including the Bon Soo Winter Carnival,
the Dragon Boat Festival, the Algoma Fall Festival,
and the Superior Health and Safety Conference.
In addition, the Company is always an active participant
in RotaryFest, Sault Ste. Marie’s summer
festival. In 2008 Essar was the presenting sponsor
for the Festival which featured the ESSAR Steel
Algoma Stage with free, live entertainment over
three days and the Community Day Parade where
the ESSAR float earned first prize in the professional
division.
In 2008 Essar Steel Algoma won the bid for the
Naming Rights for the Sault Ste. Marie Sports
& Entertainment Centre. Now the ESSAR Centre,
this premier sports and entertainment complex
lies at the heart of the community and is home
to the Soo Greyhounds, members of the Ontario
Hockey League.
Essar Steel Algoma is an integral part of the
Sault Ste. Marie business community as demonstrated
through active membership with the Chamber of
Commerce, the Community Quality Initiative, Destiny
Sault Ste. Marie and the Safe Communities Partnership.
The people at Essar continually strive to offer
a responsible balance of time and resources to
the community where we work and live. |