SMART Prosperity NOW

The Government of Canada will invest in helping manufacturers across southern Ontario improve their productivity and competitiveness in global markets. Their top priority remains completing the economic recovery and creating jobs.  It is through these strategic investments that the Government is working to ensure that businesses in southern Ontario can continue to grow, creating high-value jobs and long-term economic prosperity.
 
Canadian Manufacturers and Exporters (CME) is receiving up to $18.9 million through the Prosperity Initiative, which is delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will assist CME in the launch of a new productivity improvement program called SMART Prosperity Now. This program will allow manufacturers with an export focus to commercialize new technologies, enter new domestic and foreign markets, invest in sustainable and green technology, purchase new or upgrade equipment and technology, and implement efficiency improvements.
 
For more information on SMART Prosperity Now and the Prosperity Initiative, please see the backgrounder by clicking here.

A few key details:

• To be eligible for SMART Prosperity Now funding, eligible recipients MUST be exporters or planning to export.
• Note that the online application system will not be available until early February.
• This program will allow manufacturers with an export focus to commercialize new technologies, enter new domestic and foreign markets, invest in sustainable and green technology, purchase new or upgraded equipment and technology, and implement efficiency improvements.
• This program will allow southern Ontario manufacturers that are exporting, planning to export, or selling into an export supply chain to apply for funding to conduct productivity assessments and to undertake a variety of projects to improve productivity.
• Productivity assessments will be eligible for funding of up to 50% of eligible costs to a maximum contribution of $5,000 .  
• Productivity enhancement projects will be eligible for funding of up to 33.3% of eligible costs to a maximum contribution of $75,000.

Eligibility requirements and further details on SMART Prosperity Now can be found at:
www.cme-smart.ca