Sault MP Terry Sheehan joined the federal Minister of Innovation, Science and Economic Development, the Honourable Navdeep Bains at Algoma University today, for a $23.5 million funding announcement in support of local post-secondary institutions.
Federal funding came from the Strategic Investment Fund, a program designed to support and accelerate strategic construction, repair and maintenance activities at universities and colleges across Canada. These local investments will promote economic activity and will benefit the Sault Ste. Marie community well into the future. In addition to the federal government`s financial contribution, these projects are being supported by a number of other partners.
MP Sheehan said, “I am gratified that all of our hard work over the past few months, has resulted in this funding for our local postsecondary institutions. These investments will give an immediate boost to the economy of the riding of Sault Ste. Marie, generating hundreds of jobs. In the longer term, our community will garner ongoing benefits from enhanced education and training opportunities for our labour force, that will support existing industries and attract new businesses. Such an environment will retain and attract new people to our community. I am also pleased that our nation to nation relationship with First Nations, inspired by truth and reconciliation, will be enhanced through extended education opportunities.”
Minister Bains said, “This once-in-a-generation investment by the Government of Canada is a historic down payment on the government’s vision to position Canada as a global centre for innovation. That means making Canada a world leader in turning ideas into solutions, science into technologies, skills into middle-class jobs and start-up companies into global successes. This investment will create conditions that are conducive to innovation and long-term growth, which will in turn keep the Canadian economy globally competitive.”
Darrell Boissoneau, President of Shingwauk Kinoomaage Gamig said, “On behalf of Shingwauk Education Trust Board and staff we are honoured and humbled by today’s historic funding announcement for the establishment of the Anishinabek Discovery Centre. Job growth, research and development, and a diverse regional economy, coupled with quality and cultural-based education, is the critical path to creating a generation of new knowledge. We wish to express our sincere appreciation to our MP, Mr. Terry Sheehan, Minister Bains and Prime Minister Justin Trudeau’s government for their generous investment and support for this project.”
SIF investments are jump-starting a virtuous circle of innovation, creating the right conditions for long-term growth that will yield benefits for generations to come, in Sault Ste. Marie and in the rest of Canada.