November 17, 2014 – Burlington, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, the Honourable Gary Goodyear, Minister of State (Federal Economic Development Agency of Southern Ontario), announced that FedDev Ontario is partnering with Canadian Manufacturers & Exporters (CME) to help southern Ontario's manufacturers adopt advanced technologies, enhance productivity and expand global competitiveness.
At the Advanced Manufacturing Summit today, co-hosted by McMaster University and CME, Minister of State Goodyear discussed the importance of advanced manufacturing to Canada's economy and announced up to $20 million for the CME to deliver a new program called SMART Advanced Technologies for Global Growth.
The CME program will be launched on December 1, 2014, and will provide funding for southern Ontario manufacturers who are exporting, planning to export, or selling into a supply chain, to conduct technology assessments and adopt advanced technologies. These types of technologies, such as robotics, 3D printing and automated materials handling, help to reduce manufacturers' production costs and expand their production capabilities. This enables businesses to become more competitive and strengthens their ability to participate in global supply chains.
This investment is through the Government of Canada's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
Erica Furtado
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599
Media Relations
FedDev Ontario
416-954-6652
FedDevMedia@FedDevOntario.gc.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
Subscribe to our news updates and follow us on Twitter @FedDevOntario
