Federal Government Invests $40.5M in Waterloo and Brant Region Businesses

'Hundreds and hundreds of jobs': Minister announces $40M investment into Waterloo region and Brant businesses

Several local businesses in Waterloo region are getting a boost from the federal government to support the next generation of defence, security and AI technologies. The investment of nearly $40.5 million will be split among 23 businesses in Waterloo region and Brant Cpunty. Federal Minister of Artificial Intelligence and Digital Innovation Evan Solomon made the announcement Thursday at Kitchener's XL Tool, a metal stamping dies and tooling manuf…

Federal government invests $40.5M in Waterloo and Brant region businesses

The federal government is investing nearly $40.5 million in 23 businesses and organizations across Ontario’s Waterloo and Brant regions to help expand capacity and strengthen domestic supply chains. The July 23 announcement was made through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and draws on two programs: the Regional Tariff Response Initiative (RTRI), a $1.95-billion fund aimed at helping businesses lower …