The federal government has announced more than $20.8 million in funding for businesses and organizations in Burnabyto help them expand operations and create jobs.
The announcement was made at a press conference held at the British Columbia Institute of Technology (BCIT) on Thursday, July 27.
Two federal cabinet ministers were on hand: Harjit S. Sajjan, minister of emergency preparedness, also responsible for Pacific Economic Development Agency of Canada (PacifiCan), and Burnaby North-Seymour MP Terry Beech, newly named the minister of citizens' services.
They announced funding for seven Burnaby businesses in various sectors such as life sciences, biotechnology, manufacturing, alternative energy and clean technology, to help them commercialize new products, acquire advanced technologies and increase sales.
In line with PacifiCan’s vision of propelling British Columbia’s economy through innovative organizations and businesses, the funding is expected to increase revenue and generate about 284 jobs, according to the government.
“Across British Columbia, organizations and businesses are working hard to propel B.C. forward. PacifiCan is supporting these innovators to reach their goals and expand to new markets, create jobs and even access new technologies like 3D printing,” said Sajjan.
“PacifiCan is proud to be a partner in helping Burnaby build a thriving, inclusive economy, one that leverages the diverse skills of these talented entrepreneurs and others throughout B.C.”
Beech said: “Burnaby is fast becoming a valuable hub for key sectors like life sciences, technology and clean energy. The investments announced today will further strengthen Burnaby’s reputation as a home to dynamic organizations and businesses that are working hard every day to create jobs, promote innovation and strengthen the community.”
$1.9 million will go towards BCIT for establishing AAMTECH, a 3D printing advanced additive manufacturing prototype hub.
This project will aid small and medium-sized local business to access state-of-the-art technology and expertise and help them print prototypes using a wide range of materials including advanced composites, metals, foods and bio-manufacturing.
The news release noted the hub is expected to support around 60 businesses and help bring 90 products and services to the market; also providing training opportunities for students and researchers.
More than $4.7 million will go towards Garibaldi Glass Industries Inc., a local company run by three brothers, to help them meet increased demand. The investment will add a second production line to the company and help it purchase equipment that will cater to glass needs, not just in the province, but throughout Canada and globally.
The funding will help them expand to new markets, increase revenues and create 60 jobs.
Chris Mobius, vice-president of Garibaldi Glass, said the federal investment is critical to help with increased demand for glass and to help put a “little company in Canada” on the world map for glass needs.
The $20.8 million in funding for these Burnaby businesses is provided through three PacifiCan programs: the Regional Innovation Systems program, Business Scale-up and Productivity Program, and the Jobs and Growth Fund.
