CAMBRIDGE, ONTARIO--(Marketwired - Feb. 18, 2014) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
FedDev Ontario Minister of State and MP for Cambridge-North Dumfries Gary Goodyear spoke to members of the Cambridge Chamber of Commerce and business community today at the Galt Country Club, providing highlights of Economic Action Plan 2014.
Minister Goodyear outlined a number of targeted and affordable measures proposed in Economic Action Plan 2014 to spur job creation and economic growth in an uncertain global economy, including:
Supporting the Government's priorities, FedDev Ontario launched a series of funding initiatives in December 2013. More than $530 million is available through the Southern Ontario Prosperity Initiatives, aimed at retaining, attracting and growing businesses in southern Ontario to increase the region's global competitiveness. Also, $200 million over five years is available through the Advanced Manufacturing Fund in Ontario, aimed at the development of transformative products and technologies to help Ontario manufacturers create jobs and compete with the rest of the world.
Quick Facts
Quotes
"Over the past few years, the Canadian economy has experienced one of the best performances among the G-7 countries in terms of both output and job creation. It is crucial for our Government to continue to pursue the objectives that have underpinned the Economic Action Plan since its inception in 2009, namely job creation and economic growth, while remaining on track for balanced budgets."
Gary Goodyear, Minister of State for FedDev Ontario
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