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Government invests in CME program to create and support manufacturing jobs across southern Ontario

At the Advanced Manufacturing Summit today, co-hosted by McMaster University and CME, Minister of State Goodyear discussed the importance of advanced manufacturing to Canada's economy and announced up to $20 million for the CME to deliver a new program called SMART Advanced Technologies for Global Growth. The CME program will be launched on December 1, 2014, and will provide funding for southern Ontario manufacturers who are exporting, planning to export, or selling into a supply chain, to conduct technology assessments and adopt advanced technologies. These types of technologies, such as robotics, 3D printing and automated materials handling, help to reduce manufacturers' production costs and expand their production capabilities. This enables businesses to become more competitive and strengthens their ability to participate in global supply chains. This investment is through the Government of Canada's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally. Quick Facts More than 32,000 manufacturing establishments exist in southern Ontario and contribute significantly to local economies. Through its new program, CME expects that more than 1,000 new manufacturing jobs will be created in southern Ontario and 2,500 jobs will be maintained. FedDev Ontario's investment in CME is expected to leverage between $18 and $51 million from southern Ontario manufacturers. Since 2009, FedDev Ontario has invested more than $38 million in CME to deliver its SMART-branded programming in southern Ontario. This has supported more than 730 projects, which created more than 5,400 jobs and maintained more than 11,000. Quotes "Our Government is proud to renew our successful partnership with the CME to ensure manufacturing continues to be an economic engine in Canada. This investment will help our region's manufacturers compete in today's global economy and will also support job creation and diversification in our communities." – Gary Goodyear, Minister of State for FedDev Ontario "Minister Goodyear's announcement of the new SMART Advanced Technologies for Global Growth will benefit the bottom line of Ontario manufacturers as it will help them become more productive and more competitive, while enabling them to invest in new, leading-edge technologies. We are pleased to partner with the Government of Canada on this important initiative that will help manufacture the future of Ontario." – Jayson Myers, President & CEO, CME




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