Archived — Canada’s Economic Action Plan Invests in Southern Ontario Manufacturing and Workers

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Canada's Economic Action Plan Invests in Southern Ontario Manufacturing and Workers

L-R: Stephen Woodworth, Member of Parliament for Kitchener Centre; Jill Birch, Vice-President of Business Development at Sheridan College; The Honourable Gary Goodyear, Minister of State for FedDev Ontario and Michael Sherrard, Chair of the Yves Landry Foundation, celebrate a contribution of $12 million to the Yves Landry Foundation. Source: J.P. Moczulski, The Canadian Press Images.

For immediate release
November 30, 2009

BRAMPTON, ON — Innovative small- and medium-sized manufacturers will benefit from a new initiative to provide southern Ontario workers with advanced technological education and skills training. The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, announced a $12-million investment in the Yves Landry Foundation's Achieving Innovation and Manufacturing Excellence (AIME) Initiative today at the Sheridan Institute of Technology and Advanced Learning.

"Our government is acting quickly to stimulate the economy, create jobs and support the people and industries of southern Ontario," said Minister Goodyear. "This investment will provide the advanced skills training that workers need so that manufacturers can innovate."

Through the AIME Initiative, the Yves Landry Foundation will fund up to 75 per cent of a project's total direct and indirect eligible cost up to a maximum of $50,000. Examples of eligible skill training projects include developing new engineering skills, training in the use of new software, hardware or other tools to support innovation; and retraining to use new technologies, new manufacturing methods, or new processes or procedures that improve competitiveness.

These new funds will benefit eligible small- and-medium-sized manufacturers in southern Ontario by accelerating commercialization, attracting and retaining talent, developing growth for new and existing firms, and creating leading-edge jobs.

"We are delighted to be working with the Government of Canada on this important partnership project," said Michael Sherrard, Yves Landry Foundation Chair. "This is vital funding, which will promote and support innovation within the manufacturing sector, and the adaption of new technologies in southern Ontario. We are grateful to the federal government for its outstanding commitment and vision."

For more information on the AIME initiative, please see the backgrounder.

This investment comes from the $55 million intake process under the Southern Ontario Development Program (SODP), which is open until December 1, 2009. The SODP was established to promote economic development, economic diversification, job creation and sustainable communities in Southern Ontario. It is just one in a series of initiatives introduced in the Government of Canada's Economic Action Plan designed to address the short-term effects of the economic decline on communities across Canada, while preparing our communities for long-term growth. Overall funding for the SODP is $100 million in 2009–10.

For more information on the SODP and details regarding the intake processes, please visit the FedDev Ontario web site. For more information on Canada's Economic Action Plan, visit www.actionplan.gc.ca

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For more information (media only), please contact:

Gary Toft, Director of Communications, Office of the Honourable Gary Goodyear, 613-943-7599

Media Relations, Industry Canada, 613-943-2505

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