FedNor Injects $1.9 Million in Kirkland Lake Region to Spur Innovation
For Immediate Release
FedNor Injects $1.9 Million in Kirkland Lake Region to Spur Innovation, Create Jobs and Accelerate Business and Economic Growth
March 13, 2017 – Kirkland Lake, ON – The Government of Canada is investing $1,901,500 to support technology and innovation, as well as research and development, while ensuring businesses have access to the resources they need to develop, grow and thrive in the modern economy.
Provided through the Government of Canada’s Community Futures Program, a FedNor investment of $1.6 million will support the ongoing operations of the Kirkland & District Community Development Corporation (CDC) for a five-year period. Specifically, the FedNor funding will enable this not-for-profit, business-focused organization to provide small and medium-sized enterprises with business counselling services and access to capital, as well as support for strategic planning and community economic development initiatives.
The remaining $301,500 will enable the Materials Joining Innovation Centre (MaJIC) to support technology and innovation for businesses by expanding its current range of services to industry, particularly in carrying out applied research and development activities. Specifically, the funding will enable the innovation centre to purchase and install state-of-the-art equipment, manage and promote new programs and services, and achieve the accreditation needed to provide service to major industries such as aerospace, defense, automotive and nuclear.
Anthony Rota, Member of Parliament for Nipissing–Timiskaming, made the announcement today, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
“Technology and innovation are the way of the future, which is why the Government of Canada is proud to support projects that help Northern Ontario businesses access to the tools they need to develop and compete in the knowledge economy. Today’s announcement will deliver concrete results for the region in the form of economic and business growth, and quality middle-class jobs throughout the region.”
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
“Small businesses are the driving force behind the Canadian economy and I am thrilled that today’s announcement will support this vital sector by creating opportunities for local businesses. By investing in these priority projects, FedNor is helping to position Kirkland Lake and surrounding areas for sustainable growth and economic prosperity.”
Anthony Rota, Member of Parliament for Nipissing–Timiskaming
“These investments demonstrate that the Government of Canada understands the challenges facing our region. I am pleased for this FedNor investment in our collective future as it will help spur innovation, enhance business productivity and create new opportunities for industry.”
Jeff Molyneaux, Executive Director & CEO, Materials Joining Innovation Centre
- The funding announced today is provided FedNor’s Northern Ontario Development and Community Futures Programs, which support projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.
- Kirkland & District CDC is one of 24 Community Futures Development Corporations (CFDCs) funded by FedNor to serve Northern Ontario businesses and communities. CFDCs are community-based, not-for-profit organizations run by volunteer boards and staffed by experienced business and economic development professionals.
- Materials Joining Innovation Centre (MaJIC) is a not-for-profit organization created to respond to industry’s need for practical welding expertise. It provides a range of services, combining technical expertise with state-of-the-art laboratory facilities, to help companies enhance productivity and product quality, meet regulatory requirements and improve safety.
- To find out more about our programs and services, please visit: gc.ca
- Follow us on Twitter @FedNor
- Follow the Minister on Twitter: @MinisterISED
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