ANNOUNCED AS TEMPORARYNo
On January 9, 2017 the governments of Canada and Ontario announced an agreement to support a new investment by Honda Canada in Alliston, Ontario. At the Federal level, the Minister of Innovation, Science and Economic Development announced an investment of Can.$41.8 million over three years. The Government of Ontario is also contributing Can.$41.8 million in support of a total project investment of Can.$492 million. These subsidies amount to US$62.2 million.
The funding is provided through the Automotive Innovation Fund (AIF), which provides support for strategic research and development projects. The minister also announced changes to the terms and conditions of the AIF. The changes include the option of recipients receiving contributions without the expectation of repayment.
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