Federal Economic Development Agency for Southern Ontario

Federal Economic Development Agency for Southern Ontario

January 23, 2015 10:00 ET

Harper Government Creating Jobs for Southern Ontarians: Feddev Ontario Investments Support Entrepreneurs and Growing Businesses Across the Region

KITCHENER, ONTARIO--(Marketwired - Jan. 23, 2015) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

FedDev Ontario Minister Gary Goodyear recently concluded a productive tour of southern Ontario, during which he announced 11 important investments to create jobs and grow local companies, and met with stakeholders at pre-Budget roundtables.

The Minister and local Members of Parliament announced more than $41 million for a range of projects, from improving manufacturing facilities in Barrie, Brantford, Toronto and Mississauga, to supporting innovative technologies in the Ottawa and Toronto areas. Minister Goodyear also announced funding for two programs that support entrepreneurs: the SmartStart Seed Fund delivered by the Ontario Centres of Excellence and AC JumpStart, delivered by the Waterloo Accelerator Centre. Click here for a list of investments.

Topics discussed during the six stakeholder roundtables included the economy and measures the Government of Canada is taking to support businesses within Canada and new markets around the world. Views were also exchanged on areas such as risk capital, manufacturing and advanced technologies.

Helping businesses grow and compete globally is part of FedDev Ontario's mandate to develop a strong and diversified southern Ontario economy.

Quick Facts

  • The 11 FedDev Ontario contributions total up to $41,749,160. More than 2,600 new full-time jobs are anticipated to be created during the projects.

  • Businesses and communities in southern Ontario can benefit from FedDev Ontario programs and services, as well as Government of Canada initiatives, such as tax reductions, the elimination of unnecessary regulatory burdens, the Canada Job Grant, and the Small Business Job Credit.

  • Since April 2014, FedDev Ontario has announced nearly $90 million for 43 projects, which recipients anticipate will create more than 5,000 full-time jobs, through its new programming launched as a result of FedDev Ontario's renewal in Economic Action Plan 2013.

  • Since its creation in August 2009, FedDev Ontario has invested more than $1.2 billion.

Quotes

"Southern Ontario is a driving force in the Canadian economy and our Government is committed to helping regional businesses and communities thrive. This will create and keep jobs in the region and bring made-in-Ontario innovations to market, leading to long-term prosperity."

- Gary Goodyear, Minister of State for FedDev Ontario

Related Products

Backgrounder: FedDev Ontario Invests in Southern Ontario Economy

Associated Links

FedDev Ontario funding

OCE SmartStart Seed Fund

AC JumpStart

CME SMART Advanced Technologies for Global Growth

Achieving Innovation and Manufacturing Excellence (AIME) Global initiative

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