Today, Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) and to the Minister of Environment and Climate Change (Canadian Water Agency), on behalf of the Honorable Melanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada, announced $ 4,156,410 in the financing of four projects in Manitoba:
- Diemo Machine Works Inc. will receive $ 1,520,000 through the Business Scale-up and Productivity program to integrate advanced technologies that improve production efficiency and enable expansion of manufacturing capacity.
- Granite Keystone, Inc. will receive $ 1,168,500 through the Business Scale-up and Productivity program to increase stone manufacturing capacity at a new production facility.
- Manitoba Institute of Trades and Technology will receive $ 1,305,529 through the Regional Innovation Ecosystems program for the Institute to set up a skills development and training initiative in cybersecurity.
- Micro Trafic inc. will receive $ 162,381 through the Regional Relief and Recovery Fund to continue operations during the COVID-19 pandemic.
The government of Canada is committed to helping small and medium-sized enterprises increase their productivity, growth and competitiveness in the global market. These investments should result in an increase in production capacity, the training of 85 highly qualified people and the creation of 46 jobs.
“Strong regional economies are essential for from Canada success and sustainability. Our regional development agencies are here to help businesses and innovators grow, succeed and create good, middle-class jobs for Canadians. Our government is making investments that will help our vibrant communities, large and small, reap benefits while enhancing Canada’s brand, centered on shared values of diversity and equality. “
–The Honorable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada
“These investments demonstrate the government’s commitment to Canada help small and medium-sized enterprises improve their competitive position by taking advantage of advanced technology to improve production. In addition to the benefits for these companies, their success will translate into good jobs while improving the economy of Western Canada. “
–Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) and to the Minister of Environment and Climate Change (Canadian Water Agency)
- Western Economic Diversification Canada makes strategic investments in key economic sectors and supports the development of leading industrial clusters.
- The Business Scale-up and Productivity (BSP) program supports high-growth companies that develop and produce innovative goods, services or technologies.
- The component of the Regional Innovation Ecosystems (RIE) program aims to create, develop and maintain inclusive regional ecosystems that support the needs of businesses along the innovation continuum and foster an entrepreneurial environment conducive to innovation, growth and competitiveness.
- Within the framework of from Canada COVID-19 economic response plan, the Regional Relief and Recovery Fund (RRRF) helps businesses and organizations through Canada to alleviate the financial pressures caused by the pandemic.
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SOURCE Western Economic Diversification Canada
For further information: Catherine Mounier-Desrochers, Press Secretary, Office of the Minister of Economic Development and Official Languages, [email protected]; Sarah McCullough, Acting Director of Policy, Planning and External Relations, Western Economic Diversification Canada, [email protected]