Government of Canada investment supports clean, inclusive recovery and long-term economic growth
April 26, 2022 · Windsor, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
A key part of Canada’s economic recovery is supporting businesses as they adapt, grow and move forward from the COVID-19 pandemic. Small and medium-sized businesses and the organizations that support them represent the backbone of regional economies. They generate quality local jobs and are a source of pride for their communities. To do so, businesses and entrepreneurs need a strong foundation, built on technological innovation, inclusivity, and clean growth to create the workforce of the future.
Federal investments support business growth
Today, Kody Blois, Member of Parliament for Kings—Hants, announced a repayable contribution of $550,000 through the Jobs and Growth Fund (JGF) for a project with Nu-Air Ventilation Systems Incorporated in Windsor that is expected to create at least 15 permanent jobs by 2024. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.
The project will help Nu-Air expand its current production facility by 14,800 square feet, enabling the company to meet a growing demand for its products. The company will significantly increase production capacity in both its residential and commercial production lines and provide a larger assembly area for custom orders. Nu-Air will also transition to greener products and more environmentally sustainable practices.
Launched in July 2021, the Jobs and Growth Fund (JGF) provides $700 million over three years to Canada’s regional development agencies to support a regional response and stimulate economic recovery following the COVID-19 crisis by investing in projects that will help to create jobs. Through the JGF, the Government of Canada aims to support the transition to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs in every corner of the country.