Archived — Canada's Economic Action Plan Invests in Businesses and Creates Jobs in the Niagara Region
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The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announces funding for the Vineland Research and Innovation Centre through the Community Adjustment Fund. Source: FedDev Ontario
For immediate release
April 8, 2010
Vineland, Ontario — Residents and businesses in the Niagara Region will benefit from an investment of more than $1 million for Vineland Research and Innovation Centre to develop a business incubation centre to help start-up companies bring new products to market. The announcement was made today by the Honourable Gary Goodyear, Minister of State responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
"This investment will create jobs and strengthen the economy," said Minister Goodyear. "Our government is working with the people, businesses and communities of southern Ontario to help our region prosper now and in the future."
With a contribution of $1,062,000, Vineland Research and Innovation Centre will renovate and convert its former lodge building into a business incubation centre to attract private sector partner organizations to the area. The new centre will provide facilities for start-up companies involved in the commercialization of basic discoveries in horticulture.
"Closing the gap between scientific discovery and the delivery of results is essential to improving the value of Canadian-based research and innovation for industry. Today's announcement recognizes that agri-business can and should be taking advantage of market opportunities. The business incubation centre will provide that place for industry partnership and collaboration to succeed," said Dr. Jim Brandle, CEO, Vineland Research and Innovation Centre.
This project will be funded under the Community Adjustment Fund in southern Ontario, which will create immediate employment opportunities and support the local economies that have been struggling with the effects of the global economic downturn. Other projects approved under the Community Adjustment Fund will be announced over the coming weeks. Approved projects must meet the terms and conditions set out in their contribution agreements.
FedDev Ontario was created as part of Canada's Economic Action Plan to support economic and community development, innovation, and economic diversification, with contributions to communities, businesses and non-profit organizations in southern Ontario. To learn more about FedDev Ontario and the Community Adjustment Fund in southern Ontario, please visit the website at www.feddevontario.gc.ca, or call 1-866-593-5505. For additional information on Canada's Economic Action Plan, visit www.actionplan.gc.ca.
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For more information, contact:
Director of Communications
Office of the Honourable Gary Goodyear
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