Speech Article from  Federal Economic Development Agency for Southern Ontario

Archived - Advanced Manufacturing Fund Announcement for Fibracast

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Speaking Points

The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario

Hamilton, Ontario

March 27, 2015

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Good morning ladies and gentlemen, friends and guests.

Thank you for the warm welcome and thank you David for that great introduction.

C'est un grand plaisir d'être ici avec vous aujourd'hui.

It is truly a great day to be in Ancaster.

Our Government is proud to support Canadian companies that are taking our manufacturing sector into the future. Fibracast Ltd. is certainly one of those companies.

Their first-in-Canada technology provides water treatment plants with improved filtration, optimized cleaning and space efficiency.  

I'll let the experts at Fibracast explain their innovative and industry-transforming FibrePlate technology, but what we're talking about here is a product that has the potential to reduce the cost of membrane water treatment.

That ultimately means communities can produce higher quality water at less cost and with less energy; not only in Canada but around the world. 

Ladies and gentlemen, Fibracast represents what the future of advanced manufacturing in Canada looks like – innovative, transformative, global, and able to compete in changing economic times. 

And, as you know, our Government has been working hard to guide our economy through these changing economic times through our low-tax plan to create jobs and growth. From lowering taxes, to cutting red tape, to signing free trade agreements, we have been setting the right macro-economic conditions to ensure Canadian businesses succeed here at home and globally.

And, as I mentioned, we have opened the door to new markets with millions of new customers with free trade agreements.

Last year, we finalized trade deals with Europe and South Korea – tripling the number of countries Canada has trade agreements with. These agreements are about opportunities, growth and jobs. Together with the North American Free Trade Agreement and all the other deals our Government has done, Canada's world-class products, our workers, our investors will have virtually unfettered access to countries representing more than half the world's economy.

Canada is now in a position where the landscape for business growth in our country has never been as fertile.

Since Ontario's economy is critically linked to that of our nation, our Government created the Federal Economic Development Agency for southern Ontario. For those of you who may not know, FedDev Ontario, as we are known, delivers programs and services to strengthen this region's economy and position southern Ontario to compete globally.

Since its creation, we have funded thousands of partnerships and projects. This includes $27.5 million for more than 28 projects right here in the Hamilton area. Even more importantly, this funding is leveraging over $147.9 million in additional investments.

More broadly, we have worked hard to develop commercial innovation by encouraging relationships between researchers and industry so that Canadian ingenuity can help businesses compete here at home and around the world.

To support our manufacturers, our Government, under the leadership of Prime Minister Stephen Harper,  launched the Advanced Manufacturing Fund or AMF.

Through this fund, we are investing $200 million over five years across Ontario to help manufacturers build momentum and push to be more competitive on the global stage.

Through the AMF, we are encouraging eligible manufacturing firms and organizations to undertake large-scale transformative projects that will lead to the development and adoption of innovative processes and technologies with commercialization within five years.

In short, the AMF is one of the integral ways our Government is helping our workers, businesses and other organizations remain here in Ontario as they strive to grow and prosper.

In this spirit of growth and prosperity, today I am pleased to announce another contribution to this great region.

Ladies and gentlemen, the Harper Government is proud to announce that FedDev Ontario is providing Fibracast with up to $10 million, as a repayable contribution, under the Advanced Manufacturing Fund initiative.

This contribution will be used to market and commercialize Fibracast`s FibrePlate membrane technology. Our Government's collaboration on this project will allow Fibracast to ramp up manufacturing right here in southern Ontario. That means more high-quality jobs directly at Fibracast and even more jobs throughout their domestic supply chain.

Today's announcement is not only significant for southern Ontario ─ it's significant for Canada's manufacturing sector, for Ontario's green technology sector, and beyond our borders, for the countless individuals that will rely on Canadian technology for clean water.

And we will continue to invest directly in transformative projects like this one, where the return on our investment will benefit taxpayers and the country directly.

I know that this announcement will do exactly that for Fibracast.  

Our Government has ensured that manufacturing remains a priority because, first and foremost, for every job created in the manufacturing sector, there is a Canadian family better able to make ends meet, to achieve financial security, to plan for a future of prosperity and opportunity.

Our Government is proud of the efforts we have made to make Canada the best country in the world in which to do business because there is no better safeguard for the financial security of Canadians, their families and their communities than having good, well-paying jobs. The kinds of jobs that, as we know, are more plentiful in a strong, stable, national economy.

Congratulations again. I'm looking forward to seeing this important work take shape. And I wish you all the best of luck and success as you progress.

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