05/21/2019 | Press release | Distributed by Public on 05/21/2019 19:08
May 21, 2019 - Ottawa, Ontario - Global Affairs Canada
Canada's small and medium-sized enterprises are the engines that drive economic prosperity and create jobs for the middle class. Opening new international markets and expanding existing ones are central to the Government of Canada's trade diversification strategy, which aims to propel Canadian businesses to new markets, new customers and new jobs.
Today, Karina Gould, Minister of Democratic Institutions, was in Burlington to highlight the $100‑million expansion of the CanExport SMEs program and meet with companies that have benefited from the program to grow their exports. This funding program helps Canadian small and medium-sized companies access new export opportunities by diversifying into new markets.
Minister Gould met with representatives from Burloak Technologies, a leading company in the additive manufacturing sector that has leveraged both the CanExport SMEs program and the Trade Commissioner Service to expand into markets abroad. CanExport funding for SMEs in Ontario totals $13.4 million and supports 469 projects across the province.
The CanExport expansion is a key component of New Markets, New Customers, New Jobs: Canada's Trade Diversification Strategy, an investment of $1.1 billion over six years to help Canadian companies succeed. With these investments, the government continues to make Canada the most well-connected trading economy worldwide, while creating more jobs at home.