Friday, October 31, 2014  Proportional Viewing Options. 800 1024 1280 1440 1680 1920 Currently Viewing - 1024 ! Port Stanley Weather
News Regional National Events Weather Community Directory Sports Real Estate Classifieds Photos Video Contact Us
Joe Preston MP Port Stanley Festival Theatre 2013 Season Kari Wilson RBC Mortgage Specialist Jeff Yurek, MPP click here to viewMOLLY MAID St Thomas and Port Stanley
News / News
More News   -  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 More News, 374 available.
Largest Canadian Advanced Manufacturing Export Win
  Foreign Affairs, Trade and Development Canada  
 Dangerous Driving Conditions
 First National Canadian Open Data Hackathon
 6th Cold Weather Alert for 2014
 Shamrock Shuffle Gets Community Moving
 Liberals Stall on Release of Metrolinx Documents
 Employer One 2014 Survey Results
 Yurek Launches FRO Petition
 Port Stanley and District Leo Club
 Elgin County Summer Student Experience Program
 Heritage Trust Awards Presented
 The Central Elgin Financial Picture
 Spring is Coming Flood Outlook
 The True Grit of Abby Prothero
 1000 Acts of Love in Carolinian Canada
 Largest Canadian Advanced Manufacturing Export Win 
 Differences of Opinion on 2014 Federal Budget
 Efficiencies Enable County to Hold the Line
 $4,000 in Fines for Hunting Too Many Canada Geese
 Central Elgin Moves into 21st Century
 5th Cold Weather Alert for 2014
 Recognized as Innovator in Economic Development
 Opinion Split on Heritage Conservation District
 4th Cold Weather Alert for 2014
 Ombudsman to Investigate Hydro One
 Elgin St Thomas United Way Emergency Appeal

On February 14, 2014 the Honourable Ed Fast, Minister of International Trade, and Danny Deep, Vice President, General Dynamics Land Systems-Canada, announced an historic multi-billion contract win for vehicles and associated equipment, training and support services.

The announcement was made in London, Ontario, where the light armoured vehicles will be designed and manufactured, and which will be the epicentre of a cross Canada supply-chain, directly benefiting more than 500 local Canadian firms. This 14-year contract will create and sustain more than 3,000 jobs a year in Canada, with approximately 40% of the supply base in southern Ontario.

Facilitated by the Canadian Commercial Corporation (CCC), the Government of Canada's international government-to-government contracting organization, the contract is with Saudi Arabia, a priority market under the government's new Global Markets Action Plan.

"Our government is focused on creating good jobs and opportunities for Canadians workers and their families," stated Minister Fast. " This landmark contract win will create thousands of advanced manufacturing jobs and new sources of prosperity throughout southern Ontario and every region of Canada. Our government will continue to support our exporters and manufacturers to create jobs, as part of the most ambitious pro-trade, pro-export plan in Canadian history."

MP Joe Preston, MP Ed Holder and MP Susan Truppe were all in attendance at the announcement. Preston stated, "This is a great announcement for our local and regional economy. I know it will have positives effects on my riding for many of my constituents and local businesses."

Quick Facts

  • Minister Fast led a trade mission to Saudi Arabia in 2012 and again in 2013.
  • In 2012 Canadian merchandise exports to Saudi Arabia totaled $1.4 billion.
  • In 2012, advanced manufacturing contributed an estimated $164.6 billion in GDP and supported 1.7 million jobs across the country.
  • Canada's manufacturing sector spent $7.3 billion on R&D in 2013, which accounted for 47 percent of total business R&D expenditures in Canada.
  • In 2012-2013 CCC worked with in 72 countries with more than 210 Canadian companies and signed a total of $1.6 billion in contracts.

"This latest contract confirms our position as a leading armoured vehicle designer and manufacturer in the world and a Key Industrial Capability in Canada. This is a testament to the skills and quality of work that exist in Canada today. In addition, we are grateful for all of the assistance provided by the Government of Canada. The whole of government approach to export sales provides us a strategic advantage as we pursue international markets." - Danny Deep, Vice President, General Dynamics Land Systems - Canada

"This is an Olympic win for Canada and for Canadian manufacturers. It shows how great people in truly innovative companies like GDLS can compete internationally and bring home the gold. Like all victories, it's been the result of a team effort in which the Government has played a crucial role. All Canadians should be proud of this record achievement." - Jayson Myers, President and CEO, Canadian Manufacturers and Exporters

Associated Links
Global Markets Action Plan
Canadian Commercial Corporation

Local economy of Elgin-Middlesex-London will benefit from $53 Billion New Building Canada Plan

Joe Preston, Member of Parliament for Elgin-Middlesex-London on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister for the Economic Development Agency of Canada for the Regions of Quebec, highlighted important details of the $53B New Building Canada Plan.

These details, which relate to key elements of the New Building Canada Fund, provide provinces, territories and municipalities with the information they need to plan infrastructure projects in their jurisdictions. They include dedicated funding for small communities, Provincial-Territorial allocations, project categories eligible for support, cost-sharing thresholds and public-private partnership (P3) screening requirements.

"Our Government has proudly made unprecedented investments in Canada's infrastructure since 2006. I am extremely happy to announce that we have now released specific details about the New Building Canada Plan," explained MP Preston. "With the release of these details, our communities have the information needed to develop their local infrastructure priorities and start planning for the years ahead."

Economic Action Plan 2013 builds on our Government's historic infrastructure investments, with $70 billion for public infrastructure over the next decade, including the $53 billion New Building Canada Plan for provincial, territorial and municipal infrastructure. The New Building Canada Plan, which is expected to launch in Spring 2014, is the largest, long-term infrastructure plan in our nation's history and it will continue to focus on projects that enhance economic growth.

In 2007, our Government provided $33B in stable, flexible and predictable funding across the country. In fact, $6B under existing programs will continue to flow to projects across the country this year and beyond, and municipalities are also receiving $2B a year through the federal Gas Tax Fund.

Quick Facts

  • The $53B New Building Canada Plan is the largest, long-term federal infrastructure plan in Canadian history, providing stable funding for a 10 year period.
  • Over $32B is specifically available for municipalities through the permanent and indexed Gas Tax Fund and the incremental Goods and Services Tax Rebate for municipalities.
  • The Government's new Plan includes a $14 billion New Building Canada Fund, which will have $10 billion for provinces and territories (with $1 billion directed to small communities under 100,000) and $4 billion for projects of national significance.
  • Through the P3 Canada Fund, $1.25B in new funding is available.

Friday, October 31, 2014 | Welcome Guest! | Login | Home | Terms of Use | RSS Feeds
World's 1st Proportional Viewing News Web Site. February 5, 2008. Copyright © PortStanleyNews.com
Send mail to webmaster@portstanleynews.com with questions or comments about this web site.
Copyright © 2004 - 2014 Port Stanley News.com All Rights Reserved ISSN 1718-8695