$1.5 million announced to support businesses in the Sault

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Terry Sheehan, MP

The Government of Canada is investing $1,488,972 to help small and medium-sized enterprises become more innovative, grow and create jobs. The funding will enable the Sault Ste. Marie Innovation Centre to carry out three separate initiatives that will help businesses to take advantage of information communication technology, develop innovative products or adopt innovative processing practices to increase their productivity and market reach.

Terry Sheehan, Member of Parliament for Sault Ste. Marie, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, made the announcement today. The projects will help small businesses overcome major barriers to growth in Northern Ontario.

“Given the Sault Ste. Marie Innovation Centre’s record of success, I am excited about the new opportunities that these investments will generate, helping area businesses and entrepreneurs capitalize on innovative technology and advancements to grow their companies.” said, Terry Sheehan, Member of Parliament for Sault Ste. Marie

The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.

“Today’s investments align with the Government of Canada’s Innovation Strategy. Through our partnership with the Sault Ste. Marie Innovation Centre, we are providing businesses with the tools, training and support they need to expand their product line, increase production and tap into new markets, creating new jobs and strengthening the economy of the region.” said, The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor

The Sault Ste. Marie Innovation Centre’s mandate is to drive business growth, facilitate research and commercialize innovation in science and technology. Its key business divisions include agriculture, geographic information systems, business support services, youth entrepreneurship, smart energy, and lottery and gaming.

1 COMMENT

  1. I would love to know what programs in particular these type of funding go towards. I have been working on an IT business in Sault Ste. Marie for a few years and haven’t been able to receive a penny in funding for that would grow my business.

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