The Ontario government is launching a new program which will provide grants of up $3 million to agri-food processing businesses to invest in capital, equipment and technology, a Nov. 15 news release from the province says. The Strategic Agri-Food Processing Fund will be provided over three years for a grand total of $25 million in funding.
“This strategic investment will not only boost capacity and competitiveness in Ontario’s agri-food processing sector, but it will also position the sector for long-term growth, create jobs, and promote economic opportunities for rural communities,” Lisa Thompson, provincial minister of agriculture, food and rural affairs, says in the release.
The release notes this funding will incentivize industry investment in projects which help address the processing capacity shortage and increase the sector’s competitiveness and resilience against future disruptions.
Specific program details will be available upon the program’s launch in the spring of 2022.
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