CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Government of Canada invests in economic growth of Waterloo region

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Since 2015, FedDev Ontario has invested over $275 million in more than 215 projects in Kitchener-Waterloo and surrounding areas, estimated to create over 10, 000 jobs and maintain over 30,000 jobs. PHOTO courtesy Waterloo Region.

The federal government is investing nearly $3 million with the Waterloo Region Economic Development Corporation to strengthen economic development opportunities.

Ontario’s Waterloo Region is home to one of the world’s fastest growing tech sectors, advanced manufacturing as well aerospace and automotive manufacturing.

Through this project, Waterloo EDC will support the surrounding townships by developing investment readiness strategies to strengthen their capacity to land new investments, while also enhancing the Region’s services to support new and existing business growth and retention. The project will also diversify the target markets for foreign direct investment (FDI) to attract businesses in important sectors to the Region and townships. Additionally, Waterloo EDC will support the advancement of the electric vehicle (EV) sector through targeted growth activities.

This investment will support up to 24 businesses, creating and maintaining nearly 117 jobs.

Since 2015, FedDev Ontario has invested over $275 million in more than 215 projects in Kitchener-Waterloo and surrounding areas, estimated to create over 10, 000 jobs and maintain over 30,000 jobs.

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