A priceless gem has many facets that allow the radiating beauty of the shore to shine out. Terrace Bay is originally named after the sand and gravel terraces which were left behind when the glaciers receded about 20,000 years ago. The area is surrounded by the rugged beauty and the freedom of the Northern Ontario wilderness.
Forests are the reasons for Terrace Bay's existence.
The area is primarily forest and lies within the boreal forest region. The decision to develop the town was first conceived in the early 1940's by the Longlac Pulp and Paper Company which changed it's name to Kimberly-Clark Pulp and Paper Company in 1958. The Improvement District became a municipality on July 1, 1959. It was completed in 1957 with the construction of the Little Pic River bridge. The town crest for the Township of Terrace Bay was designed in 1961 by Jim Cumming.