$9.5-million investment will create jobs, expand research and foster innovation THUNDER BAY, ON, Nov. 10, 2016 /CNW/ - The Government of Canada values the role of post-secondary institutions as they help equip young Canadians with the education and training they need for future careers that will help them join a strong, healthy middle class. Today's $9.5-million investment in Lakehead University will do just that by fostering the training needed for the well-paying middle-class jobs of today and tomorrow. The funding was announced today by the Honourable Patty Hajdu, Minister of Status of Women, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and by the Honourable Michael Gravelle, Ontario's Minister of Northern Development and Mines. Canada'sInnovation Agenda aims to make this country a global centre for innovation—one that creates jobs, drives growth across all industries and improves the lives of all Canadians. This investment exemplifies that vision in action. Lakehead University will receive $9.5 million to modernize and expand an existing building to create a new state-of-the-art research complex to be known as the Centre for Advanced Studies in Engineering and Sciences. The new centre will enable Lakehead University to offer advanced training courses and will help local businesses and start-ups commercialize their products and services and help grow the region's economy. Federal-provincial investments in this project include:
$7.96 million from the Government of Canada; and
$1.54 million from the Province of Ontario.
Lakehead University will provide an additional $9.07 million, for a total project investment of $18.57 million. In total, universities and colleges throughout Ontario will receive more than $1.9 billion from the Government of Canada, the provincial government, the institutions themselves and private donors. Federal funding will be allocated through the Post-Secondary Institutions Strategic Investment Fund, which will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities. As a result of these investments, students, professors and researchers will work in state-of-the-art facilities that advance the country's best research. They will collaborate in specially designed spaces that support lifelong learning and skills training. They will work in close proximity with partners to turn discoveries into products or services. In the process, they will train for—and invent—the high-value jobs of the future. And their discoveries will plant the seeds for the next generation of innovators.