The federal government is providing $700,000 to an Ontario roofing manufacturer as part of a broader effort to help Canadian businesses respond to tariff pressures and changing trade conditions.
The funding, announced Monday through the Federal Economic Development Agency for Southern Ontario, will support Ideal Roofing Company Ltd. as it undertakes a project valued at more than $2.8 million.
Ideal Roofing plans to add new production capabilities at its facilities in Ottawa and Brampton through advanced manufacturing equipment, automation and workforce training. The federal government says the project is intended to strengthen Ontario’s steel and roofing manufacturing sector, reduce reliance on outsourced production and support expansion into new provincial markets.
The investment is being delivered through the Regional Tariff Response Initiative, which supports businesses affected by trade disruptions and tariff pressures.
The government also announced that an additional $1.5 billion will be added to the initiative beginning in September. The expanded program will increase the maximum available non-repayable contribution from $1 million to $3 million, while also allowing support for demonstrated liquidity needs. Eligible businesses may be able to access up to $2 million in liquidity support.
Overall, the Regional Tariff Response Initiative is backed by $3.45 billion over four years to help small and medium-sized businesses adapt to changing market conditions, improve productivity, strengthen supply chains and diversify into new markets.
The August 25 announcement was also part of a broader $7.5-billion package of new and enhanced federal measures aimed at supporting Canadian workers and businesses facing ongoing trade pressures.
For more information about the program, businesses can visit FedDev Ontario’s Regional Tariff Response Initiative page.
