Prime Minister Stephen Harper launches new economic development agency for Southern Ontario

August 14, 2009

KITCHENER-WATERLOO, ONTARIO – Prime Minister Stephen Harper officially launched the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) today.  The launch is the final step in fulfilling a key commitment in the Harper Government’s Economic Action Plan.

The global recession has created challenges in every region of our country, including Southern Ontario,” said the Prime Minister.  “This is a region with distinct needs, and the people of Southern Ontario deserve economic programs delivered in ways specifically tailored to their own priorities.  FedDev Ontario is one more tool to ensure that workers and businesses in Southern Ontario have the resources they need to succeed.”

The Harper government is already investing in the region, including a partnership with the province to expand Highway 8, a vital transportation link.  Construction is underway, creating local jobs and opportunities.  When complete, it will make driving in the region easier, safer and faster.

The Prime Minister also announced his intent to have Minister of State (Science and Technology) Gary Goodyear assume responsibility for the Agency and that B.A. (Bruce) Archibald has been appointed Agency President.  In the coming weeks, Minister of State Goodyear will embark on a major tour of Southern Ontario to engage workers, businesses and community leaders.

I look forward working with provincial and municipal leaders, business and non-profit organizations, universities and colleges throughout dynamic and diverse Southern Ontario,” said Minister of State Goodyear.  “We all share a common goal – a southern Ontario that attracts and keeps the jobs of the future.”

The Federal Economic Development Agency for Southern Ontario will be Canada’s fifth regional development organization.  A sixth regional development organization for Canada’s North is also planned.

FedDev Ontario will support restructuring, community and business development, innovation and commercialization initiatives as well as other measures to promote economic diversification.  It builds on the significant investments already being implemented through Canada’s Economic Action Plan.

For more information, please visit www.actionplan.gc.ca.