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$100M government grant: 1,500 new jobs expected at Linamar

$100M government grant: 1,500 new jobs expected at Linamar

The federal and Ontario governments have announced grants of a potential combined worth of up to $100 million, to help the Linamar Corp, the automotive parts manufacturer, develop advanced technologies.

The grants are expected to create 1,500 Canadian jobs, as well as help maintain an existing 8,000 other positions. The grants could also serve as a reminder of the integration between Canada and the US’s automotive sector.

Economic Development Minister Navdeep Bains told The Canadian Press: “I think investments in Canada are not only good for Canada, but also good for the US as well.

“The first goal is, again, to make sure that we continue to talk about NAFTA and the importance of NAFTA and show as much support we can for NAFTA in terms of the advocacy work we're doing with the administration, with government officials in the U.S., with business leaders.

“So, that's priority one and I'll be conveying my support for NAFTA with all the bilateral meetings I'll have with the car manufacturers.''

The federal government will be providing $49 million to Linamar, whilst Ontario will provide a conditional grant of $50 million. The conditional grant will come from the province’s jobs and prosperity fund.

The funding will reportedly help the company build advanced transmissions and high-efficiency tech. The press reports that the grants will also support Linamar’s innovation centre, focusing on AI and robotics.

Source: HRD Canada

5 months ago

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