Government Invests in Steel and Aluminum Manufacturers
The Government of Canada has invested $100 million in small and medium-sized steel and aluminum manufacturers and users in Canada.
Delivered by Regional Development Agencies (RDAs), the Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative will provide support to Canadian businesses within the steel, aluminum and manufacturing sectors.
It will provide SME steel and aluminum manufacturers and users with non-repayable contributions for projects to enhance productivity, increase competitiveness by adopting new innovative technologies, and create jobs.
"Small and medium-sized businesses (SMBs) in our steel and aluminum industries make important contributions to our economy and to our communities by creating good, middle-class jobs. Our government recognizes that SMBs are the backbone of our economy and that by investing in their success, we invest in the success of all Canadians," said The Honourable Mary Ng, Minister of Small Business and Export Promotion.