Sask. manufacturing sector to receive federal boost for growth and innovation
The Indigenous Manufacturing and Contracting Network Inc. will receive $160,000 for training and mentorship for Indigenous companies in the manufacturing and contracting sectors.
August 29, 2024 | By MRO Magazine
On Aug. 29, Dan Vandal, Minister for PrairiesCan, announced a federal investment of over $6.3 million to support nine projects aimed at helping Saskatchewan businesses grow and innovate.
Non-repayable investments in the ecosystems supporting new businesses in Saskatchewan will help start-ups, including Indigenous businesses, navigate the first steps in establishing and growing their business. Repayable investments in high-growth businesses will help them scale-up and expand with new services, products and market reach, aiding in their future success and creating more good jobs.
Among the funded initiatives, the Indigenous Manufacturing and Contracting Network Inc. will receive $160,000 for training and mentorship for Indigenous companies in the manufacturing and contracting sectors.
Other notable investments include over $2 million for Andgo Systems Inc. to expand its workforce management software, and over $1 million for Saskarc Inc. to purchase automated processing equipment to increase its structural stick steel fabrication capacity.
“Our government is investing in business ecosystems and high-growth businesses to ensure that they have the support they need to succeed in Canada and the global market. The result of today’s investments in companies and organizations that support business will help improve productivity, grow and diversify labour markets in Saskatchewan, and build a prosperous green Prairie economy,” said Dan Vandal, Minister for PrairiesCan.
