FedDev Ontario

Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

In response to Ontario's economic challenges, Budget 2009 provided more than $1 billion over five years for a new Southern Ontario development agency. The agency's programs will support economic and community development, innovation, and economic diversification, with contributions to communities, businesses and non-profit organizations. It will help workers, communities and businesses in southern Ontario position themselves to take advantage of opportunities, as economic growth recovers in Canada and around the world.

What's New

• Minister Goodyear outlined a new strategic direction for economic development and growth in southern Ontario, during a keynote speech to the Cambridge Chamber of Commerce, on the occasion of the first anniversary of FedDev Ontario.
• Vaughan area residents and businesses will benefit from new jobs and economic development as a result of a $1 million Economic Action Plan investment for TeknoScan Systems Inc. to expand, develop and bring to market new products.