Brantford, Ontario, January 10, 2012 — Brant MP Phil McColeman is excited about today`s announcement that the Government of Canada will invest in helping manufacturers across southern Ontario improve their productivity and competitiveness in global markets.

“Our Government continues to support to manufacturers and businesses in southern Ontario who want to grow, create high-value jobs and long-term economic prosperity,” said McColeman. “Today’s announcement represents another tangible step in the right direction for this region.”

Canadian Manufacturers & Exporters (CME) is receiving up to $18.9 million through the Prosperity Initiative, which is delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will assist CME in the launch of a new productivity improvement program called SMART Prosperity Now.  This program will allow manufacturers with an export focus to commercialize new technologies, enter new domestic and foreign markets, invest in sustainable and green technology, purchase new or upgraded equipment and technology, and implement efficiency improvements.

“As Canada’s leading trade and industry association, we are pleased to partner with FedDev Ontario to bolster the global competitiveness of Ontario companies,” said Jayson Myers, President & CEO of CME.  “SMART Prosperity Now will equip companies the needed tools to become more successful in both domestic and international markets.”

For more information on SMART Prosperity Now and the Prosperity Initiative, please see the attached backgrounder.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region’s strengths and creating opportunities for jobs and economic growth.  The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy.  These initiatives are designed to encourage partnerships and support projects that help the region’s businesses and communities become more competitive, innovative and diversified.  To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.