Funding announced for manufacturing acceleration program
Growing jobs and opportunity in rural Ontario
The agriculture and agri-food sector, which contributes to one in eight jobs across the province, was in the spotlight Tuesday at the J/E Bearing Plant in Tillsonburg.
Ontario’s Minister of Agriculture, Food and Rural Affairs Ernie Hardeman announced the
Manufacturing Acceleration program in Tillsonburg is receiving up to $32,500 through the Rural Economic Development program. The funding is to help expand the Manufacturing Acceleration Program pilot initiative into a manufacturing cluster program.
The expansion is enhancing the competitiveness of local business through the adoption of new technology and software programs. It will also encourage a more integrated manufacturing sector in Tillsonburg that will help to create new jobs and contribute to the economic development of the community.
Hardeman also announced that the Rural Oxford Economic Development Corporation is receiving up to $16,500 to design and create a 2018 Business Retention and Expansion study to identify key issues and strategic priorities for the next three to five years.
The study is designed to identify current issues and barriers that are being faced by the business community as a whole, and can also identify economic strengths, making it easier to attract suitable new businesses to the community. This study is also helping make Oxford County a great place to do business by helping local businesses to grow and create jobs in the local community, and by collecting business and market data to support economic development planning in the county.
“Rural Ontario has been ignored for too long. A strong and vibrant agriculture and agri-food sector directly contributes to a healthy economy across the province, and we are committed to showing the world that Ontario is open for business,” said Hardeman in a media release. “Our support for rural Ontario will help create a strong future for communities by boosting economic growth, creating jobs and ensuring they are great places to live and do business.”
Over 80 projects in communities across the province will benefit from support that will boost and diversify the local economy. Eligible projects include initiatives that directly attract business or investment opportunities to the community.