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Minister Goodyear announces new Southern Ontario Prosperity Initiatives (SOPI)

Published by Frank Defalco on December 06, 2013

Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced today the launch of the Southern Ontario Prosperity Initiatives (SOPIs), which is designed to support and develop a stronger, more vibrant southern Ontario economy.

The last four years, FedDev Ontario committed more than $1.1 billion, which created more than 5,300 partnerships supporting businesses, organizations and communities in southern Ontario. 

“Manufacturers will welcome SOPI as a much needed investment in southern Ontario,” says Jayson Myers, president & CEO of CME. 

With renewed funding of $920 million FedDev Ontario’s can go to the next level. Beginning April 1st and over the next five years, the focus will be on investing in business Innovation, growth and prosperity, commercialization partnerships, and regional diversification.

“We applaud this announcement and emphasize the need to keep making strategic investments in manufacturing, the most important sector in Ontario,” say’s Ian Howcroft,Vice President, CME Ontario. “CME has had an enormously successful partnership with FedDev that has helped hundreds of companies improve productivity and build business, domestically and globally. We look forward to continuing our work with FedDev to make the strategic investments in Ontario's manufacturers.”

The Minister made the announcement at the Innovation 2013 Conference presented by the Alliance for Commercialization of Canadian Technologies (ACCT), accompanied by Mark Adler, Member of Parliament for York Centre.

For more information visit: www.FedDevOntario.gc.ca, call the toll-free telephone number at 1-866-593-5505, or email info@FedDevOntario.gc.ca for additional information.

 

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