Government of Canada invests in southern OntarioStaff Writer | July 28, 2016
Ontarians will benefit from well‑paying jobs for the middle class and those working hard to join it as a result of a series of investment by the Government of Canada.
Innovation Agenda To transition strategically to an emerging economy
The investment is expected to create the equivalent of 478 full‑time jobs and result in 250 new industrial collaborations, particularly among small and medium‑sized businesses.
It will also position the region to transition strategically from an economy based on petrochemicals and refined petroleum to an emerging economy based on clean technologies that produce lower carbon emissions and are more energy‑efficient.
In Hamilton, Navdeep Bains, Minister of Innovation, Science and Economic Development announced an investment of $11.96 million in McMaster University. The funding will support the establishment of a new biomedical and advanced manufacturing facility.
The facility has the potential to revolutionize diagnostics and treatments in the health care sector. It will also foster a new biomedical manufacturing industry in Hamilton.
The project is expected to create the equivalent of 74 full‑time jobs and result in 35 new industrial partnerships. While in Hamilton, the minister also participated in a round‑table discussion with university and business leaders in the biomedical sector.
In London, the minister, on behalf of Infrastructure Minister Amarjeet Sohi, announced a $90‑million investment in the SouthWestern Integrated Fibre Technology (SWIFT) project.
The SWIFT project will bring high‑speed Internet to more than 300 communities across southwestern Ontario. ■