January 17, 2022 News Release
Toronto — Today, the Ontario government launched the Advanced Manufacturing and Innovation Competitiveness (AMIC) program to help companies get the tools, technology and talent they need to grow, compete and innovate in an increasingly competitive global market.
As part of the 2021 Fall Economic Statement, AMIC is a new stream of the Regional Development Program (RDP). The two-year, $40 million program will support advanced manufacturing businesses to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness and growth. As Ontario continues to recover from the impacts of COVID-19, AMIC will help to create and retain good jobs and address the need to restore the essential supply chains that will support economic recovery across the province.
Beginning today, eligible businesses can apply for the new program. Eligibility requirements include:
- minimum of 10 employees
- three or more years of financial statements, and
- minimum of $500,000 in eligible project costs.
The first round of applications will be open until February 10, 2022.