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$18.9 Million Announced for SMART Prosperity Now


Elaine Holding on January 11, 2012 in Government Programs

“FedDev Ontario http://www.feddevontario.gc.ca/ announced today that the Canadian Manufacturers & Exporters (CME) is receiving up to $18.9 million through the Prosperity Initiative, which is delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will assist CME in the launch of a new productivity improvement program called SMART Prosperity Now. This program will allow manufacturers with an export focus to commercialize new technologies, enter new domestic and foreign markets, invest in sustainable and green technology, purchase new or upgraded equipment and technology, and implement efficiency improvements.

Productivity assessments will be eligible for funding of up to 50% of eligible costs to a maximum contribution of $5,000. Productivity enhancement projects will be eligible for funding of up to 33.3% of eligible costs to a maximum contribution of $75,000.

Eligibility requirements and further details on SMART Prosperity Now can be found at: www.cme-smart.ca.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region’s strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region’s businesses and communities become more competitive, innovative and diversified. To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.”

http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/00698.html