SMART Funding Information Sessions

Thu, Sep 06, 2012 - Fri, Sep 14, 2012

Fall workshops to connect Southern Ontario manufacturers with up to $75,000 in new productivity improvement funding

A second set of community forums continuing through the month of September will help exporting and export-ready manufacturers in Southern Ontario access up to $75,000 in financial support for product and process improvements.

Hosted by Canadian Manufacturers & Exporters (CME), the free workshops are designed to connect companies with the information and resources necessary to take advantage of $18.9 million in new funding available through CME's SMART Prosperity Now program.

"Small and medium-sized manufacturers are facing a time of unprecedented challenge," explains Ian Howcroft, vice president, CME Ontario. "This initiative will help those businesses commercialize new technologies and invest in new equipment to ensure they remain competitive on the world stage."

Manufacturers conducting productivity assessments are eligible to receive up to 50 per cent of project costs to a maximum $5,000, while companies implementing productivity improvement projects may qualify to receive up to 33 per cent of costs to a maximum $75,000. All projects must be directly tied to export development.

Remaining workshops are slated for Vaughan on September 6, Oshawa on September 11, and Hamilton on September 14. Click on the appropriate location for registration details, or visit www.cme-smart.ca for more information.

"Job creation and economic growth in Ontario relies on a healthy, prosperous manufacturing sector," says Howcroft. "The SMART Prosperity Now program can provide companies the tools they need to take their operations to the next level. The nature of business is now global, but success must start with the right conditions here at home."

This program is funded by the Federal Economic Development Agency for Southern Ontario (FedDev).