New Fund Aims To Assist Ontario Manufacturers
On December 9, Gary Goodyear, Minister of State for the Federal Development Agency for Southern Ontario (FedDev Ontario), announced the launch of the Advanced Manufacturing Fund.
In launching the fund, Goodyear said: “Our government is looking ahead to the new and innovative products or production methods that will push Ontario to the forefront of high-tech manufacturing.”
The fund aims to develop “transformative products and technologies” to help Ontario manufacturers create jobs and compete internationally.
Canada’s manufacturing sector is a major contributor to Canada’s economy, employing more than 1.7 million people, 800,000 of whom live in Ontario.
Details on the new fund are available here.