Hundreds of Government Programs for Grants and Loans
The federal and provincial governments are increasingly providing industry with incentive programs totaling more than $20 billion, in the form of grants and interest free loans, to help Canadian manufacturers create new jobs, finance capital projects, and foster product development. The aim of these stimulus programs is to spark the Canadian economy by investing in manufacturing to create meaningful jobs for the future.
Costly and Difficult for Companies to Stay Current
Although these incentive programs have good intentions and offer manufacturers great bottom-line benefits, it is a very time-consuming and complex process for companies. Companies do not have the dedicated personnel to stay current with thousands of programs including new ones that are announced each year or even monthly. Compounding the issue is the struggle to keep up-to-date with changing mandates, agency representatives, and ever-changing budgets for each program.