Atlantic Canadian businesses are modernizing to drive productivity and build resilience in a shifting global economy. By helping firms optimize supply chains and adopt the technologies they need to compete in new markets, the Regional Tariff Response Initiative (RTRI) is strengthening Atlantic Canada’s industrial capacity and helping the region lead on the world stage.

“When we invest in the productivity of Atlantic Canadian businesses, we are sharpening Canada’s competitive edge. The Regional Tariff Response Initiative provides the tools local companies need to modernize their operations and build the strength required to thrive in a changing global marketplace.”
- The Honourable Sean Fraser, P.C., K.C., Member of Parliament for Central Nova, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency

“Newfoundland and Labrador-based businesses - like Notus Electronics - are developing innovative technologies, finding new ways to grow, and helping solve challenges around the world. By supporting local companies through extraordinary times, we’re investing in strong local businesses, good jobs, and resilient communities.”
- Tom Osborne, Member of Parliament for Cape Spear, Newfoundland and Labrador

“The global marketplace is changing rapidly, but we see tremendous opportunities through diversification of markets, products and supply chains. This support from the Government of Canada, through the Atlantic Canada Opportunities Agency, will help Notus accelerate its growth strategy in key international markets, strengthen partnerships, and continue delivering innovative Canadian technology to the global fishing industry.”
- Francis Parrott, Marketing Manager, Notus Electronics Ltd.

• Notus Electronics, located in Newfoundland and Labrador, is a developer and manufacturer of advanced, wireless net monitoring, gear finding and target detection systems.

• The Regional Tariff Response Initiative is a $1.5 billion national investment to help Canadian businesses respond to global trade pressures, strengthen productivity, and build long-term competitiveness.

• On May 4, the Government of Canada announced an additional $500 million through the Regional Tariff Response Initiative (RTRI) to support tariff-impacted businesses in all sectors of our economy. This includes $200 million carved out for small- and medium-sized enterprises (SMEs) that have been affected by steel, aluminum and copper tariffs.

• In Atlantic Canada, ACOA is delivering $110 million under the Regional Tariff Response Initiative to support small and medium-sized enterprises as they modernize operations, strengthen supply chains, and pursue new market opportunities.

• The Regional Tariff Response Initiative is a time-limited, three-year initiative ending March 31, 2029, or until funds are fully committed.

Associated links

• Prime Minister Carney launches new strategy to transform Canada’s auto industry | Prime Minister of Canada
• Prime Minister Carney announces new measures to make groceries and other essentials more affordable for Canadians | Prime Minister of Canada
• Government of Canada announces a new $1 billion Business Development Bank of Canada program and $500 million in additional funding for the Regional Tariff Response Initiative, delivered by the regional development agencies
• Backgrounder: Government of Canada announces a new $1 billion Business Development Bank of Canada program and $500 million in additional funding for the Regional Tariff Response Initiative
• Learn more about the Regional Tariff Response Initiative in Atlantic Canada
• Canada-United States: Overview and federal supports - Canada.ca
• Resources and tools for Canadian exporters facing U.S. tariffs - Tradecommissioner.gc.ca
• Notus Electronics

Jeremy Bellefeuille
Director of Communications
Office of the Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency
Jeremy.Bellefeuille@justice.gc.ca

Media Relations
Atlantic Canada Opportunities Agency
mediaroom-salledesmedias@acoa-apeca.gc.ca  

Francis Parrott
Marketing Manager
Notus Electronics Ltd.
francis@notus.ca