ST. CATHARINES, ON, April 6, 2023 /CNW/ – At this time, the Honourable Mary Ng, Minister of Worldwide Commerce, Export Promotion, Small Enterprise and Financial Growth, concluded her tour within the York and Niagara areas, the place she highlighted Funds 2023’s investments to help small companies.
Funds 2023 is targeted on making life extra inexpensive, constructing a robust and resilient well being care system, and investing in a inexperienced and sustainable future for Canada.
Minister Ng kicked off her tour by assembly with TROES Corp., a clear expertise enterprise in Markham that develops industrial and industrial-level battery power storage programs. She spoke concerning the authorities’s local weather commitments and the way Funds 2023 investments to help clear power initiatives will assist Canada preserve its management in clear expertise. To construct Canada’s clear financial system, the price range makes transformative investments to struggle local weather change and create the clear, inexperienced jobs of the longer term.
The Minister additionally had a gathering with wine business stakeholders, throughout which she highlighted the federal government’s choice to cap the excise tax on alcohol merchandise at 2% for one yr, beginning on April 1. This can assist wine, beer and spirit makers who’ve been confronted with greater prices of elements and manufacturing.
The Minister concluded her tour by visiting plenty of small companies in St. Catharines, together with Ramaker’s Dutch Imports, Adam’s Flora, and Wandering Spirits, the place she highlighted a deal confirmed in Funds 2023 to decrease bank card transaction charges for small companies, saving small companies as much as $1 billion over 5 years.
To make life extra inexpensive, Funds 2023 additionally delivers the brand new Grocery Rebate, providing focused inflation aid for 11 million Canadians and households who want it most, with as much as an extra $467 for low-income households.
Quotes
“Funds 2023 is our plan to make life extra inexpensive and construct a stronger, extra sustainable and safer Canadian financial system—for all Canadians. The investments in Funds 2023 will assist small companies thrive, decrease their prices and create alternatives for clear expertise corporations.”
– The Honourable Mary Ng, Minister of Worldwide Commerce, Export Promotion, Small Enterprise and Financial Growth
Associated merchandise
Keep related
Observe Canada Enterprise on social media for business-related information: Twitter, Fb, Instagram
SOURCE Innovation, Science and Financial Growth Canada
View unique content material: http://www.newswire.ca/en/releases/archive/April2023/06/c4550.html
