Feds offer support for Canada’s forest sector
The government made the announcement on July 2
OTTAWA — To promote economic recovery for Canada’s forest sector, the government of Canada announced on July 2 that the government is launching calls for proposals for the following programs:
The Investments in Forest Industry Transformation (IFIT) program to invest almost $83 million to bridge the gap between new product development and commercialization
The Indigenous Forestry Initiative (IFI), to invest almost $13 million to support Indigenous participation in forestry-related opportunities, businesses, careers and governance.
“Canada’s resource industries are among the economic sectors hit hardest by the pandemic,” said Seamus O’Regan, minister of natural resources, in a prepared statement. “We are taking action to help Canada’s forest sector keep people working and come out of this difficult period stronger than before.”
The application process is now open and organizations are encouraged to apply on Natural Resources Canada’s website.