How to resolve AdBlock issue? Ontario launches next round of $10M O-AMP program
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- September 7, 2020
Click image to enlargeOntario has launched its next round of applications for the Ontario Automotive Modernization Program (O-AMP).
The $10-million program provides auto parts companies with funding to invest in new technologies and support innovation in Ontario's automotive supply chains.
"Ontario is uniquely positioned to lead the development of the next generation of vehicles when you consider that we have North America's second-largest IT cluster and are the continent's number two auto producer," said Minister of Economic Development, Job Creation and Trade Vic Fedeli. "With more than 250 companies and organizations active in the development of connected and autonomous vehicle technologies, many of the world's leading companies are developing the transportation solutions of the future right here in our province."
O-AMP funds companies to help with manufacturing technology adoption and/or adoption of lean manufacturing processes. Funding covers up to half of eligible project costs, with a ceiling of $100,000, with the company covering the remainder.
"Our government has made it faster, easier, and more cost-effective to do business in the province, which will position us for success and bring jobs to Ontario as the global economy recovers," said Minister Fedeli. "Ontario's auto sector has been front and centre in the fight against COVID-19, with many companies retooling their operations to make emergency supplies. The auto industry, a mainstay of advanced manufacturing and innovation, will continue to be instrumental as we implement our made-in-Ontario plan for renewal, growth and economic recovery."
Ontario is the only place in North America where five major automakers build vehicles — Fiat Chrysler, Ford, General Motors, Honda and Toyota — as well as truck manufacturer Hino.
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