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Ottawa puts nearly $6.6M into 10 Eastern Ontario organizations to modernize businesses
FedDev Ontario announced Oct 15 an investment of nearly $6.6 million in 10 Eastern Ontario organizations to help recipients adopt new technologies, increase production, strengthen supply chains and diversify into new markets.
Why it matters
The federal government announced Oct 15 that the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is investing nearly $6.6 million in 10 Eastern Ontario organizations to help them adopt new technologies, increase production, strengthen supply chains and diversify into new markets. Eastern Ontario is described as a vital economic engine connecting the major markets of Toronto, Ottawa and Montréal, generating billions in GDP and supporting hundreds of thousands of jobs through advanced manufacturing, agriculture and tourism anchored by the St. Lawrence River and the Thousand Islands.
Full report
Emma Harrison, Member of Parliament for Peterborough, made the announcement in Peterborough on behalf of Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for FedDev Ontario. A full list of recipients and project details is available in the official backgrounder.
One recipient is Kawartha Metals Corp., a large supplier of steel, aluminum, brass and plastic materials in Central and Eastern Ontario. The company is undertaking a $1-million project, with FedDev Ontario providing $500,000, to expand its advanced steel processing through specialized equipment.
The government says it remains committed to supporting Canadian businesses and strengthening competitiveness, economic resilience and long-term prosperity.
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