Program provides manufacturers with up to $50,000 in training costs.
MISSISSAUGA, Ont. — The federal government is providing the Yves Landry Foundation (YLF) with up to $9 million to continue delivering its Achieving Innovation and Manufacturing Excellence (AIME) Global initiative through the Investing in Business Growth and Productivity Initiative under the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
AIME Global supports southern Ontario manufacturers to undertake training activities such as the development of new engineering skills, training in the use of new software, hardware or other tools necessary to support innovation; and training to adopt and adapt new technologies, new manufacturing methods or any other business area.
The program provides between 25 to 50% of training costs up to a maximum of $50,000 per project.
Each business is required to provide at least the matching amount of funds towards the completion of the project.
YLF expects to work with up to 200 manufacturers with the additional investment. The organization said it will create up to 1,100 new manufacturing jobs, maintain more than 1,000 current positions and train more than 6,900 workers.
YLF was established by leaders in Canada’s manufacturing and business sectors in 1998 to advance technological education and skills training to resolve the skilled labour and technical professional shortages facing Canadian industry.
Eligibility requirements and further details will be available on December 1, 2014, on the YLF AIME Global initiative website.
Since 2009, the Federal government has invested more than $18 million in YLF to deliver skills training in southern Ontario, which it said has advanced the skills of more than 9,500 workers with 451 manufacturing companies.