April 24, 2015 – Cambridge, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
FedDev Ontario Minister Gary Goodyear delivered a keynote address today at the Cambridge Chamber of Commerce, where he highlighted the Harper Government's latest initiatives in Economic Action Plan 2015 to balance the budget, support small businesses and manufacturers, support Canadian families and reduce taxes for Canadians.
Minister Goodyear outlined that Economic Action Plan 2015 includes key measures to strengthen Canada's economy by supporting small business, including:
- Reducing the small business tax rate to 9 percent by 2019—putting an estimated $2.7 billion back into the pockets of job-creating small businesses and their owners between now and 2019–20.
- Providing manufacturers with a 10-year accelerated capital cost allowance to encourage productivity-enhancing investment in machinery and equipment.
- Improving access to financing for Canadian small businesses through the Canada Small Business Financing Program.
- Expanding the services offered through the Business Development Bank of Canada and Export Development Canada to help small and medium-sized businesses.
- Providing $14 million over two years to Futurpreneur Canada in support of young entrepreneurs.
- Supporting the Action Plan for Women Entrepreneurs to help women business owners succeed.
In Budget 2015, the Government of Canada also demonstrated its continued commitment to help families and communities prosper.
Minister Goodyear also hosted two roundtables and met with local stakeholders to discuss the Information and Communication Technology (ICT) sector and investing in and supporting early-stage Canadian companies.
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
