Feds highlight importance of advanced manufacturing during AMExpo appearance
September 25, 2014 by Manufacturing AUTOMATION
Sept. 25, 2014 – Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, delivered the keynote address at the recent Advanced Manufacturing Expo (AMExpo) in Mississauga, Ont., where he highlighted the importance of southern Ontario’s advanced manufacturers, saying the industry has become more efficient, competitive and increasingly export-oriented.
In addition, the Minister explained how the government of Canada supports manufacturers through multiple FedDev Ontario initiatives, in particular the $200-million Advanced Manufacturing Fund delivered across Ontario.
“Our government’s continued support for advanced manufacturing in southern Ontario is creating high-quality jobs, growth and economic prosperity in the region,” said Minister Goodyear. “A key part in this continued success is to ensure that government, researchers and Canadian businesses are working collaboratively in order to bridge the gap between new ideas and the marketplace.”
Manufacturing continues to be a major economic sector for Canada, with revenues of $591 billion in 2013, and $270 billion revenues in Ontario alone. Nearly 80,000 manufacturing establishments exist across the country, with more than 30,000 of these in Ontario.