There is a $200-million pot of money in Ottawa earmarked for Ontario’s hard-hit manufacturing sector.
The Advanced Manufacturing Fund (AMF) was announced in February 2013 by then-finance minister Jim Flaherty. It was officially launched last December by Minister of State Gary Goodyear, who speaks for Ontario in cabinet. It was cited by Prime Minister Stephen Harper in April at a forum hosted by the Kitchener-Waterloo and Cambridge chambers of commerce as proof of his government’s efforts to promote the province’s economic growth. It has been re-announced by various cabinet ministers.
To date, not a single project has been approved. Not one dollar has been released. Not one job has been created.
Unlike Federal Government, the ON provincial Government came up with an alternative initiative for large scale transformation projects in manufacturing called Ontario Jobs and Prosperity Fund. Unlike Advanced Manufacturing Fund, the local program is a grant, not a repayable loan. And, it already works. The first recipients have been recently announced.
Mirage isn’t it always? Who are The recipients? Im sure the money went fast. Like Cleveland and Johnny Manzel