Le Lézard
Classified in: Business
Subjects: ECO, CPG

Minister Hutchings announces investments in business growth and community improvement projects across Saskatchewan


180 jobs supported through PrairiesCan investments of over $10.2 million in agri-food and advanced manufacturing innovation, and community revitalization

SASKATOON, SK, March 16, 2023 /CNW/ - Saskatchewan is a global leader in agriculture and food processing, and home to world-class advanced manufacturing solutions companies that are helping feed Canadians and the world and sustains countless jobs.

Many of these companies are located in small towns across the province, like Perdue, Yorkton and Emerald Park, generating economic benefits for these communities.

Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development, on behalf of the Honourable Dan Vandal, Minister for PrairiesCan, announced a federal investment of $7.9 million to help five high-growth Saskatchewan businesses access the resources they need to scale-up and bring their innovative products and services to new markets. The investment supports key sectors of Saskatchewan's economy, including agriculture, agri-food and advanced manufacturing.

Minister Hutchings also announced an additional $2.3 million to build and improve recreation, tourism and community infrastructure in 13 urban, rural and Indigenous communities across Saskatchewan.

These investments, totalling $10,215,570, will help create vibrant urban and rural communities and ensure that Saskatchewan businesses thrive as strong contributors to the Prairie economy now and into the future, all while sustaining good jobs for Canadian workers.

Quotes

"Saskatchewan is home to dynamic agri-food and advanced manufacturing sectors that are key employers and drivers of Saskatchewan's economy. Our government is working in partnership with Saskatchewan entrepreneurs so they can share their innovative products and services with the global marketplace, support food security and sustainability, and create good jobs in vibrant communities across the province."
?The Honourable Dan Vandal, Minister for PrairiesCan

"Whether it is rural farming communities, Indigenous communities, or busy urban areas, Saskatchewan is built on strong agricultural roots. Vibrant communities supported by thriving local businesses and innovative entrepreneurs will make sure that all communities participate in the province's growing economy and benefit from its success." 
?The Honourable Gudie Hutchings, Minister of Rural Economic Development

"The Food Centre has been supporting companies in launching new products and providing them interim processing solutions. This project will build on our current capacity to expand our capabilities in specific areas such as packaging, food processing, milling, modified ingredient scale-up, and ingredient isolation in the plant-based food sector."
?Mehmet Tulbek, President, The Saskatchewan Food Industry Development Centre Inc.

"Protein Powered Farms and Sunnydale Foods welcomes Canada's investment in Saskatchewan's first commercial scale extrusion facility. It is a strong signal of Canada's confidence in Saskatchewan's capacity to develop sustainable food products that are both healthy for consumers and healthy for the planet. This project showcases how Canada is leading the way in sustainable and environmentally conscious food development."
?Heidi Dutton, Protein Powered Farms Inc.

""Prairie's Canada funding toward our trail development provides Whitecap Dakota community residents and Dakota Dunes Resort visitors with safe, accessible, year round recreation activity options. These trails further our community and tourism development and provide an opportunity for education on Dakota history and culture that can support reconciliation."
?Chief Darcy Bear, Whitecap Dakota First Nation

Quick facts
Backgrounder

Federal funding of $10,215,570 through PrairiesCan to support 18 projects in urban, rural and Indigenous communities across Saskatchewan, creating and maintaining 180 jobs.

These investments in the Saskatchewan economy will support innovation and business growth in agri-food and advanced manufacturing, and community revitalization.

Business Scale-up and Productivity (BSP) ? Investment of $6,400,000
Through the BSP program, the Government of Canada is supporting high-growth businesses that are seeking to improve productivity, scale-up and commercialize technology. It offers interest-free, repayable funding to incorporated businesses. The BSP program supports incorporated high-growth businesses that have been operating in the Prairie Provinces for a minimum of two years. Three Saskatchewan BSP recipients receiving funding through PrairiesCan were announced today:

Regional Innovation Ecosystems (RIE) ? Investment of $1,000,000
Through the RIE program, the Government of Canada makes targeted investments in not-for-profit organizations that support businesses in priority sectors to innovate, grow and compete globally. RIE is open to not-for-profit organizations that support businesses, innovators and entrepreneurs, for start-up, growth, productivity, technology commercialization, technology adoption, and export and investment attraction. One Saskatchewan RIE recipient receiving funding through PrairiesCan was announced today:

Jobs and Growth Fund (JGF) ? Investment of $500,000
JGF provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. The Fund, delivered by Canada's regional development agencies, provides $700 million nationally over three years. Today, one JGF project funded through PrairiesCan was announced:

Canada Community Revitalization Fund (CCRF) ? Investment of $2,315,570
The CCRF helps communities across Canada build and improve community infrastructure projects so they can continue to rebound from the impacts of the pandemic. With a national investment of $500 million over two years, the Fund's purpose is to help not-for-profit organizations, municipalities and other community groups, as well as Indigenous communities build new community infrastructure and revitalize existing assets, bring people to public spaces, create jobs, and stimulate local economies. Today, 13 Saskatchewan CCRF recipients received funding through PrairiesCan: 

Associated links
Stay connected

Follow PrairiesCan on Twitter and LinkedIn

Toll-Free Number: 1-888-338-9378 
TTY (telecommunications device for the hearing impaired): 1-877-303-3388 

SOURCE Prairies Economic Development Canada


These press releases may also interest you

at 09:00
The annual meeting of shareholders ("annual meeting") for Capital Power Corporation ("Capital Power" or "the Company") was held on April 30, 2024 in Edmonton, Alberta. Each of the matters voted upon at the annual meeting is discussed in detail in...

at 08:45
Sunoco LP ("Sunoco") announced the completion of the acquisition of NuStar Energy L.P. ("NuStar") and a 4% increase in its quarterly distribution....

at 08:44
ISI VidMobile, a pioneer in cutting-edge mobile security solutions, celebrates a significant milestone in its journey with the signing of a 5-year contract to supply solar-powered mobile security units to the State of Utah. Tailored to meet the...

at 08:41
The last twelve months have felt like years for traditional real estate agents. The NAR lawsuit, shrinking inventory, and agents leaving the business at record levels. However, as one ship sinks, another is on the rise. 2023 was undoubtedly the year...

at 08:41
Esh's Utility Buildings, a shed and building manufacturer in Kentucky, has been featured on America's Fastest Growing Companies 2024. The list by Financial Times is a compilation of 500 of the most rapidly growing companies in North or South America....

at 08:37
Pickleball Kingdom, the international leader of indoor pickleball, announces its first of many locations in the state of New Jersey at 1100 Negron Dr. Hamilton NJ 08691. This is another exciting step as part of Pickleball Kingdom's ambitious...



News published on and distributed by: