Adapted from an article by Woodbusiness.ca – Canadian Forest Industries.
This article reminds BC manufacturers that Massive Canada was the first and largest recipient of the new provincial grant program. Massive Canada is making significant progress with its demonstration project in Gibsons, BC. The Development Permit for Canada’s first mass timber parkade and a 126-unit rental housing apartment building is currently under review.
Massive Canada is set to benefit significantly from the recent provincial funding aimed at enhancing the value-added wood sector in British Columbia. The BC Manufacturing Jobs Fund (BCMJF), with an allocation of $180 million, is dedicated to supporting for-profit organizations in launching high-value industrial and manufacturing projects. This initiative is a catalyst for creating good jobs and growing local economies across B.C., particularly in the manufacturing sectors.
Key Highlights of the Funding:
- Focus on Value-Added Wood Sector: The BCMJF is particularly focused on supporting wood products manufacturing throughout B.C. This aligns with Massive Canada’s commitment to sustainable forestry and value-added wood manufacturing.
- Job Creation and Economic Growth: The fund aims to create more than 450 jobs and maintain over 780 existing manufacturing jobs throughout B.C. Massive Canada is poised to contribute to this growth by creating positions in the sector for every tree harvested.
- Technology and Modernization: The funding will aid forestry sector operators, including Massive Canada, in modernizing and adopting technologies that reduce dependence on old-growth trees and create new opportunities for fiber supply.
- Diversification and Resilience: A strong value-added manufacturing industry diversifies the forestry sector, creating new jobs, protecting existing jobs, and buffering against global market challenges.
Massive Canada’s participation in this initiative is a testament to its commitment to fostering innovation and strengthening local manufacturers. This move ensures long-term jobs and a sustainable future for the forestry sector and the communities it supports throughout the province.
Building a Stronger, Sustainable Economy:
The BCMJF is part of the province’s StrongerBC Economic Plan, which aims to build a strong and sustainable economy through clean and inclusive growth. Supporting B.C.’s manufacturing sectors, including the value-added forestry sector, is crucial in building a more innovative economy for people, businesses, and communities throughout B.C.
Massive Canada is excited to be at the forefront of this transformative journey, leveraging provincial support to enhance its manufacturing capabilities and contribute to a greener future.
