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Canada supports wood manufacturers in southern Ontario
$2.9-million Government of Canada investment to help 50 SMEs adopt technologies that will help them contribute to a strong economy and create 50 new jobs
October 4, 2023 By Government of Canada
Photo: Annex Business Media. Ontario is home to the largest concentration of advanced wood manufacturing in Canada. The forest industry is a pillar of the Canadian economy. There are over 3,000 companies that employ 35,000 workers. Their work contributes more than $7 billion in revenue each year. The Government of Canada supports these workers and the manufacturers that employ them as they evolve, scale up, adopt new processes and technologies, increase their production capabilities and create good jobs for Canadians.
Today, on behalf of the Filomena Tassi, minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Bardish Chagger, member of Parliament for Waterloo, participated in the Wood Manufacturing Cluster of Ontario (WMCO)’s quarterly networking event. MP Chagger announced almost $2.9 million in support for the organization so they can help SMEs in southern Ontario adopt digital strategies.
“Ontario’s wood manufacturing industry is an important piece of Canada’s economy. Our government supports the hard-working people who are reaching their potential and driving this sector forward. By investing in wood manufacturing SMEs and the organizations that support them, we are working together to create good paying jobs and ensure these businesses can continue to grow and scale-up for years to come,” Tassi said.
WMCO is an industry-led cluster that supports SMEs across southern Ontario. Businesses include those specializing in cabinetry, commercial fixtures and millwork, furniture, flooring, mass timber construction and other niche products. With this investment, WMCO will support manufacturers as they adopt technologies, including supply chain digitization and increased Internet-of-Things capabilities.
Through this investment, WMCO will provide seed funding for up to 50 eligible SMEs undergoing digital adoption projects, creating 50 new jobs. As part of this investment, 50 new products, services and processes will be commercialized. WMCO will also prioritize SMEs in rural and Indigenous communities through targeted outreach activities. For more information, please visit the website.
“Today’s investment is supporting local advanced wood manufacturing SMEs right here in the Waterloo Region and across Canada to scale-up and modernize their processes for a strong future. The forest industry is a vital contributor to economic growth and the Government of Canada is committed to investing in our manufacturers so they can create good jobs, grow their companies and thrive for years to come,” said Chagger.
The Government of Canada is investing in manufacturers so they can reach their potential and develop new possibilities for this important industry.
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