STRATHROY, ONTARIO--(Marketwired - Feb. 19, 2014) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
FedDev Ontario Minister Gary Goodyear today spoke to members of the Lambton-Kent-Middlesex area chambers of commerce to highlight the Government of Canada's latest initiatives in Economic Action Plan 2014 to support jobs and growth, while returning to balanced budgets in 2015.
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
"This low-tax plan builds on our record of strong, sound and consistent fiscal management. It is working to promote jobs, grow the economy and return Canada to balanced budgets in 2015 while investing in Canada's greatest asset: our people."
Bev Shipley, Member of Parliament for Lambton-Kent-Middlesex
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