VICTORIA – The Government of British Columbia is putting $180 million towards manufacturing jobs with a new fund including capital and planning projects.
The BC Manufacturing Jobs Fund (BCMJF) supports for-profit organizations to plan and launch shovel-ready, high-value industrial and manufacturing projects, a release stated.
As much as $36 million has been committed to 25 capital projects and 13 planning projects for manufacturers looking to expand and fortify their operations through the introduction of new product lines, upgrading outdated equipment and building new facilities, the release said.
The BCMJF continues to focus on the province’s wood products sector with more than $22 million in funding announced for forestry-related projects and is also supporting other manufacturing sectors such as food and beverage, transportation equipment and fabricated-metal product manufacturing.
“We’re already seeing the impact of the BC Manufacturing Jobs Fund in supporting growth in the value-added wood products sector in B.C. Fostering innovation and strengthening our small and medium-sized local manufacturers helps ensure long-term jobs and a sustainable future for the forestry sector and the communities it supports throughout our province,” BC Wood CEO Brian Hawrysh said.
Among the projects receiving funding is Kelowna-based equipment manufacturer Vitalis Extraction Technology Inc. which will receive as much as $25,000 for planning towards a capital project to upgrade its facility and purchase specialty equipment. Silverstone Exploration Inc. in Topley, B.C. will receive as much as $24,750 to complete planning activities for a future capital project in order to expand its new product line to the U.S. market.
The BCMJF is accepting funding proposals for investments that drive clean and inclusive growth in the manufacturing sectors, particularly those in the value-added forestry sector, the release stated.
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