Regional Defence Investment Initiative helps businesses grow, innovate and scale up for global defence opportunities
In a fast-changing and uncertain world, the Government of Canada is investing in industries that strengthen the economy and support national security. In Atlantic Canada, these investments are helping grow the aerospace and defence sector, creating jobs, supporting local businesses, and strengthening a key driver of the region’s economy.
Today, David Myles, Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and to the Secretary of State (Nature) and Member of Parliament for Fredericton-Oromocto, announced a federal investment through ACOA’s Regional Defence Investment Initiative (RDII) to support Vimy Forge Corp., as it launches a new innovation accelerator program for Canadian defence-sector small and medium-sized enterprises (SMEs) ($997,000). The announcement was made on behalf of Honourable Sean Fraser, Minister of Justice and Attorney General of Canada and Minister responsible for the Atlantic Canada Opportunities Agency.