British Columbia’s steel and aluminum sector benefits from Western Economic Diversification Canada support
News release
Government of Canada invests $100 million in small and medium-sized businesses across the country
July 9, 2019 – Delta, British Columbia – Western Economic Diversification Canada
Canada’s steel and aluminum sector is an important contributor to our economy and to our manufacturing supply chains, providing thousands of Canadians with good middle-class jobs across all regions of the country.
Today, the Honourable Carla Qualtrough, Minister of Public Services and Procurement and Minister of Accessibility and Member of Parliament for Delta, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada announced $1,000,000 in funding for Delta-based Marcon Metalfab.
Through this investment, Marcon Metalfab will purchase and install equipment to enhance production capacity and capabilities. It is anticipated that this investment will create new jobs, provide training opportunities and allow the company to take on new work.
The funding is being provided under the Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative, announced in March 2019. In the West, this funding is being delivered through Western Economic Diversification Canada. The funding provides targeted support to Canadian small and medium-sized businesses in the steel, aluminum and manufacturing sectors through non-repayable contributions for projects to enhance productivity, increase competitiveness by adopting new innovative technologies, and create more highly skilled jobs.
Quotes
“Our government supports the hard-working steel and aluminum workers and companies that are important to regional economies across Canada. Our investments to support small and medium-sized producers and users of steel and aluminum will help these businesses innovate to drive productivity, scale up, and expand into new markets to create good middle-class jobs.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“The small and medium-sized businesses in our steel and aluminum industries are important contributors to the economic vitality of communities across the country. Small and medium-sized businesses are the backbone of our economy, and by investing in their success, we are investing in the success of all Canadians.”
- The Honourable Mary Ng, Minister of Small Business and Export Promotion
“This funding is supporting a key contributor of good, middle-class jobs, both in Delta and across Canada. By recognizing and investing in companies like Marcon Metalfab, our government is laying the foundation for continued economic prosperity and jobs in Canadian communities.”
- The Honourable Carla Qualtrough, Minister of Public Services and Procurement and Accessibility and Member of Parliament for Delta.
“Marcon Metalfab would like to thank Western Economic Diversification Canada for recognizing our efforts and investments in technology and people, making us leaders in the highway and bridge infrastructure sector. The Government funding of $1 million will allowed us to accelerate our growth plans and purchase $3 million in new equipment. This investment will help us reach new customers, produce new innovative products, export to new markets, and will lead to new jobs and opportunities as we continue to grow.”
- Ari Burstein, President, Marcon Metalfab
Quick facts
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Regional development agencies are one of Canada’s four flagship platforms supporting innovation, along with the Industrial Research Assistance Program, the Strategic Innovation Fund and the Canadian Trade Commissioner Service.
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The Regional Economic Growth through Innovation program builds on the objectives of the Innovation and Skills Plan by providing regionally tailored, nationally consistent support for business productivity and scale-up and by helping enhance regional technology clusters and innovation ecosystems.
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In 2018, Canada’s steel and aluminum industry employed more than 33,500 Canadians and contributed $8.9 billion to Canada’s gross domestic product.
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Marcon Metalfab manufactures steel and rubber products primarily for the bridge industry. The company was incorporated in 1981 and employs 120 people.
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Contacts
Ben Stanford
Regional Communications Manager
Western Economic Diversification Canada
604-365-8050
ben.stanford@canada.ca
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