[PETERBOROUGH, ON] Peterborough Economic Development and the Kawartha Manufacturers’ Association are pleased to announce today over $150,000 in training funds for manufacturing businesses in the region. This funding has been made available through the Eastern Ontario CFDC Network and the Eastern Ontario Manufacturing Skills and Jobs Initiative through the Eastern Ontario Development Program (EODP) Collaborative Projects stream.
This initiative supports labour skills development to assist companies in achieving global manufacturing competitiveness. The funds will be used to offset 50 percent of the training costs, matched by employers, with the intent of improving employees’ technical and soft skills.
Funding applications for the regions of Peterborough (City & County), City of Kawartha Lakes, Haliburton and South Lake will be coordinated by Peterborough Economic Development and the Kawartha Manufacturers’ Association.
Manufacturers in eastern Ontario have identified that the availability of new employees and upgrading the skills of the incumbent workforce are key requirements to improving the competitiveness of the sector and to retaining and growing jobs.
The Eastern Ontario Manufacturing Skills and Jobs Initiative involves stakeholders from economic development, municipalities, education and the manufacturing sector collaborating to enhance the competitiveness of the Eastern Ontario manufacturing sector.
“Manufacturing continues to contribute significantly to the economy in eastern Ontario and this project aligns with our program priorities to support a broad base of businesses of all sizes throughout the region,” said Christine Dukelow, Chair of the Eastern Ontario CFDC Network.
“The manufacturing sector in the Peterborough region has been a key economic driver for close to a century.” stated Peter Gaffney, Peterborough Economic Development Board Chair. “Today, the face of our manufacturing sector continues to evolve, and with that, the necessary skillsets for workers is changing too.”
Tom Sayer, Chairman of the Kawartha Manufacturers’ Association said, “This funding will provide support for companies in the region to invest in their employees, continuously strengthen their manufacturing practices and enhance their overall competitiveness.”
The Eastern Ontario Development Program is a $48-million economic development initiative focused on addressing economic challenges in eastern Ontario and taking advantage of innovative opportunities in the region. The program is managed by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and delivered through eastern Ontario’s 15 Community Futures Development Corporations (CFDCs) and the Eastern Ontario Community Futures Development Corporation Network Inc. Applications are solicited by each CFDC and the Network and are assessed on their potential to stimulate local and regional economic development and create jobs. The EODP Collaborative Projects stream, which is delivered by the Eastern Ontario CFDC Network, provides 50 percent matching funds for eligible initiatives that demonstrate broad support from the region and/or various partners, and offer sustainable, measurable, economic benefits to the regional economy.
The Eastern Ontario CFDC Network strategically administers and coordinates opportunities available to the fifteen Community Futures Development Corporations (CFDCs) in eastern Ontario and advocates on behalf of the membership in order to support regional and local economic development initiatives in eastern Ontario. The Eastern Ontario CFDC Network also administers the Southern Ontario Fund for Investment in Innovation (SOFII).
For more information, please visit: www.eocfdc.ca