Small businesses in Canada will soon have the a brand-new opportunity to receive funding, thanks to the work of two members of the government.
Gary Goodyear, minister of state for FedDev Ontario, and Ed Holder, Member of Parliament for London West, recently introduced a new investment plan that will provide $45 million for small businesses through the National Research Council's Industrial Research Assistance Program. The money will go to area small and medium-sized businesses in southern Ontario in order to better fund innovation and create new jobs.
"Through Canada's Economic Action Plan, our government is investing in new technology, research and development, because it helps our businesses innovate and better compete in the global economy," said Minister Goodyear. "Through this investment, FedDev Ontario is supporting innovative companies as they create high-skilled jobs and stimulate the local economy in communities throughout southern Ontario."
Members of Ontario's government weren't the only ones to announce investments in the business community. Steven Fletcher, minister of state for democratic reform and Member of Parliament, recently announced an investment of $273,000 in Boreal Genomic, a biotech firm working to map out DNA codes in order to better detect cancer.
