Canada Boosts Sault Ste. Marie’s Industrial Innovation with Nearly $600,000 Investment
Sault Ste. Marie, ON – November 12, 2024 – The Government of Canada is investing nearly $600,000 to support industrial innovation and create jobs in Sault Ste. Marie, Ontario. This investment will help local businesses develop and commercialize new products and processes, leading to increased economic growth and prosperity for the region.
The funding will be provided through FedNor’s Regional Economic Growth through Innovation (REGI) program, which supports businesses and organizations that are developing and implementing innovative technologies and processes. The projects being funded through this investment include:
- Algoma University: $200,000 to develop a new program that will train students in the latest manufacturing technologies, including robotics and automation.
- Sault College: $150,000 to establish a new research center that will focus on advanced materials and manufacturing processes.
- Northern Ontario Business Innovation Centre: $100,000 to provide business advisory services and support to small and medium-sized businesses in the region.
- Sault Ste. Marie Economic Development Corporation: $50,000 to develop a new marketing campaign to attract investment and talent to the region.
“This investment will help to create jobs, grow the economy, and make Sault Ste. Marie a leader in industrial innovation,” said the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor. “We are committed to supporting businesses and communities that are investing in the future.”
“This funding will allow us to develop new programs and services that will help our students and businesses succeed in the global economy,” said Dr. Asima Vezina, President of Algoma University. “We are grateful for the Government of Canada’s support.”
“This investment will help us to establish a new research center that will focus on advanced materials and manufacturing processes,” said Dr. Ron Common, President of Sault College. “We are excited to be working with our partners to make Sault Ste. Marie a leader in industrial innovation.”
“This funding will allow us to provide essential services to small and medium-sized businesses in the region,” said David Marginson, CEO of the Northern Ontario Business Innovation Centre. “We are committed to helping businesses grow and create jobs.”
“This investment will help us to attract investment and talent to the region,” said Ian McMillan, CEO of the Sault Ste. Marie Economic Development Corporation. “We believe that Sault Ste. Marie has the potential to be a major player in the global economy.”
The Government of Canada is committed to supporting businesses and communities that are investing in the future. Through investments like this one, we are helping to create jobs, grow the economy, and build a more prosperous future for all Canadians.
Canada Boosts Sault Ste. Marie’s Industrial Innovation with nearly $600,000 Investment
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