World News – UA – FedNor invests to help businesses innovate, grow and manage economic impact of coronavirus

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Terry Sheehan, Parliamentary Secretary to the Honorable Mélanie Joly, Minister of Economic Development and Official Languages ​​and Minister responsible for FedNor, today announced the Government of Canada’s investments of more than $ 2.6 million for helping small and medium-sized businesses in Sault Ste Marie and the Algoma region modernize, adopt new technologies, increase their competitiveness and create jobs

October 15, 2020 – Sault Ste Marie, ON – Federal Economic Development Initiative for Northern Ontario – FedNor

Canadian businesses and entrepreneurs are working hard to stay afloat in the wake of the ongoing pandemic, and the Government of Canada continues to support their efforts during these trying times Through strategic investments in businesses and organizations, we give them the tools and resources they need not only to recover, but also to thrive

Terry Sheehan, Parliamentary Secretary to the Honorable Mélanie Joly, Minister of Economic Development and Official Languages ​​and Minister responsible for FedNor, today announced Government of Canada investments of more than $ 2.6 million to help small businesses and medium-sized businesses in Sault Ste Marie and the Algoma region are modernizing, adopting new technologies, increasing their competitiveness and creating jobs

Provided by FedNor, the funding will support five strategic initiatives that will help companies innovate, bring new products to market and expand their operations They will also provide COVID-19 emergency response funding to help businesses survive and maintain jobs

Today’s announcement is further proof of the Government of Canada’s commitment to Canadian businesses – helping them overcome challenges posed by COVID-19 Initiatives like these will help Canadians return to work and ensure that small businesses, which are the backbone of the Canadian economy, can play a major role in Canada’s economic recovery

« Canada’s economic recovery depends on the health of small and medium-sized businesses in Sault Ste Marie and across the country, which is why we continue to have our backs The investments announced today will help them improve their productivity , to market products in development and to expand their operations « 

– The Honorable Mélanie Joly, Minister of Economic Development and Official Languages ​​and Minister responsible for FedNor

« These initiatives will help small and medium-sized businesses in the Sault and Algoma region on the path to prosperity and growth Today’s investments will empower community partners, such as the Sault Ste Marie Innovation Center and Sault College, to work with the private sector to support the commercialization and adoption of technology and accelerate business growth to create jobs in the region « 

– Terry Sheehan, Member of Parliament for Sault Ste Marie and Parliamentary Secretary to the Minister of Economic Development and Official Languages ​​and Minister responsible for FedNor

« We are delighted that FedNor is supporting us in our efforts to partner and assist local and regional businesses in Northern Ontario We share a common goal with the Government of Canada, which is to help businesses succeed and grow by empowering ideas through improved technology and innovative solutions. »

Funding announced today comes from FedNor’s Regional Growth Through Innovation Fund, which supports the growth of Northern Ontario businesses, their expansion into new markets and their adoption of new technologies and processes

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Federal Economic Development Initiative for Northern Ontario, Sault Ste Marie, Terry Sheehan, Penokean Hills Farms, Ontario, Small and Medium Enterprises, Funding, Food Industry

News of the world – AU – FedNor invests to help businesses innovate, grow and manage their economic impact from coronavirus


SOURCE: https://www.w24news.com

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