The federal government has announced an investment of over $20 million in southwestern Ontario businesses and associations to help combat the economic impacts of tariffs. The funding, delivered through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), was unveiled by Minister Evan Solomon in London, Ontario, on May 15, 2026.
Supporting Local Businesses
This investment aims to strengthen the region's economy by providing financial support to small and medium-sized enterprises, helping them innovate, expand, and create jobs. The funding will also assist associations in delivering programs that enhance business competitiveness and resilience against trade disruptions.
Key Details
- Total investment: Over $20 million
- Recipients: Businesses and associations in southwestern Ontario
- Purpose: Mitigate tariff impacts and foster economic growth
Minister Solomon emphasized the importance of supporting local businesses during challenging trade environments, noting that the funding will enable companies to adapt and thrive. The announcement comes amid ongoing tariff disputes affecting various sectors, including manufacturing and agriculture.
Local business leaders expressed optimism about the funding, highlighting its potential to drive innovation and job creation. The investment is part of a broader federal strategy to strengthen Canada's economy and reduce reliance on foreign markets.
