Feds Inject Money to Boost Forest Industry
By 250 News
Tuesday, April 14, 2009 01:36 PM
The Federal Government has released information on a plan to aid forestry workers and businesses impacted by the global recession.
Natural Resources Minister Lisa Raitt and Minister of National Revenue and Minister of State (Agriculture) Jean-Pierre Blackburn today unveiled a $170-million package of measures to help the Canadian forestry sector adapt to these global challenges.
The funding will be used to open up new markets and build on Canada's position as a world leader in developing new technologies in the forest sector.
- $40 million to expand domestic and international markets for Canadian forest products as well as $10 million to support large-scale demonstrations of the use of Canadian wood in construction; and
- $80 million to support the development of next-generation forest products and another $40 million to develop pilot-scale demonstrations of these products leading to commercial applications.
These new investments are endorsed by Canada’s forest sector and address its priorities outlined during the 2009 pre-budget consultations.
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