ANNOUNCED AS TEMPORARYNo
On September 19, 2013 the Ministry of Industry announced that the government is committing up to $71.6 million to Ford Motor Company of Canada for Project Northern Star through the Automotive Innovation Fund (AIF). The government said that it is expected the AIF will generate up to $2.3 billion in private sector investment, including Project Northern Star. The original authorization for the AIF dates back to the Canadian federal budget for 2008, which provided $250 million over five years to support automotive firms' strategic, large-scale research and development (R&D) projects. The original authorization for the program thus predated the mandate of the Global Trade Alert, but it was then renewed on January 4, 2013 with an additional $250 million over the next five years. On February 11, 2014, the Government of Canada announced a further $500 million over two years. Under the AIF, Innovation, Science and Economic Development Canada considers funding proposals that provide for private sector investment in Canada of more than $75 million over five years. Eligible projects include vehicle and powertrain assembly operations associated with significant automotive innovation and R&D initiatives. Among the criteria on which proposals are assessed are their contribution to the long-term economic benefit to Canada, including significant job creation/retention and their potential to attract further investments to foster Canadian competitiveness.
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