Feds announce food industry initiative
The Government of Canada officially launched the Agri-Processing Initiative (API) in September. API will deliver $50 million over five years in repayable contributions to processing facilities.
With this help, said the Honourable Jean-Pierre Blackburn, minister of National Revenue and minister of State (Agriculture), food processors can stay on the cutting edge of their industry by acquiring new technology, new equipment and new expertise.
Through API the government is also creating new and more stable markets to improve income opportunities for farmers and the processing sector.
The Initiative will work by providing contributions for the purchasing and installing of equipment in Canadian facilities to help them adopt new manufacturing technologies and processes.
API is now the second program outlined under the five year $500 million Agri-Flexibility fund.