Government of Canada announces more than $2.6 million to help businesses adapt, scale up, and create jobs across Northern Ontario
October 15, 2020 – Sault Ste. Marie, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
Canadian businesses and entrepreneurs are working hard to stay afloat in the wake of the ongoing pandemic and the Government of Canada continues to support their efforts during these difficult times. Through strategic investments in businesses and organizations, we are providing them with the tools and resources they need to not only recover, but thrive.
Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor, today announced Government of Canada investments of more than $2.6 million to help small and medium-sized businesses in the Sault Ste. Marie and Algoma region to modernize, adopt new technologies, increase their competitiveness and create jobs.
Provided through FedNor, the funding will support five strategic initiatives that will help businesses innovate, commercialize new products and expand their operations. They will also provide emergency COVID-19 response funding to help businesses to survive and maintain jobs.
Today’s announcement is further proof of the Government of Canada’s commitment to Canadian businesses – helping them to overcome the challenges posed by COVID-19. Initiatives like these will help get Canadians back to work and ensure that small businesses, which are the backbone of the Canadian economy, can play a major role in Canada’s economic recovery.