Feds seek input on advanced manufacturing fund
May 15, 2013
By Manufacturing AUTOMATION
Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), met with manufacturers and stakeholders earlier this week at Invest Ottawa to seek input on the new Advanced Manufacturing Fund in Ontario and future Agency programs for southern Ontario.
“With Economic Action Plan 2013, the Government of Canada remains focused on the priorities of Canadians, including creating jobs and growing the economy in Ontario and across Canada,” said Goodyear. “My colleagues and I are participating in roundtable discussions to ensure we continue to develop programs that work for businesses, workers and communities.”
Since its launch in 2009, the agency says it has made significant progress in creating jobs and growing the economy. However, Ontario remains under considerable pressure, and more than ever our businesses and workers need to be more innovative and productive, and strive to access new markets.
In Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the renewal of FedDev Ontario.
Economic Action Plan 2013 provides $920 million for FedDev Ontario over five years, including $200 million for a new Advanced Manufacturing Fund in Ontario, starting on April 1, 2014.
Goodyear and Members of Parliament are meeting with manufacturers, business and academia across Ontario to gather feedback on challenges, opportunities and ideas for the development and implementation of new programs.
On Monday, Goodyear met with a group of firms and manufacturing stakeholders to discuss the Advanced Manufacturing Fund in Ontario. Input was provided on the expected outcomes of the Fund, as well as on proposed program parameters.
At a second meeting, stakeholders provided their views on potential areas of focus for FedDev Ontario programs including: support for innovation and commercialization, business growth, productivity and communities.
- Manufacturing sales down 0.3% in March on declines in coal and oil
- U.S. factory output falls 0.4% in April, largest drop in 6 months