Minister Vandal announces investments in business growth, innovation and workforce training in Saskatchewan
From: Prairies Economic Development Canada
May 25, 2023
Saskatchewan has a strong, growing economy with global leadership in agriculture and food processing, digital innovation, advanced manufacturing, and resource development. With its abundance of natural resources, vibrant research and innovation ecosystems, and top-notch education and training institutions, Saskatchewan has ample opportunities to continue that economic growth in a way that leaves no one behind.
Today, the Honourable Dan Vandal, Minister for PrairiesCan, announced a federal investment of over $7,600,000 to help five Saskatchewan businesses access the resources needed to scale-up and bring innovative products and services to new markets. As well, this funding will support the training of highly skilled workers through the Saskatchewan Indian Institute of Technology’s Aircraft Maintenance Engineering Preparation Program and Indigenous Practical Nursing Program.
These investments will help ensure that Saskatchewan businesses thrive as strong contributors to the Prairie economy, and that the province achieves its potential with a highly skilled and trained workforce.
“Saskatchewan is a great place to grow your business with so many new opportunities in food and ingredient processing, technology and advanced manufacturing. Adding to the strengths of the province’s natural resources and agricultural sectors, they are helping to diversify the economy and ensure a prosperous, sustainable future for Saskatchewan workers. Our government is continuing to work with industry leaders and educational institutions to ensure that businesses here have the support they need to succeed, and the skilled workers to get them there.”
–The Honourable Dan Vandal, Minister for PrairiesCan
“SIIT continues to expand and innovate to meet the needs of Saskatchewan’s growing Indigenous communities and provincial economy. These strategic investments contribute to the labour demand solutions desperately needed in the Healthcare and Aerospace sectors while driving economic reconciliation.”
–Riel Bellegarde, President and CEO, Saskatchewan Indian Institute of Technologies
“We are thrilled to have been selected for the BSP program, as Saskatoon has an impressive talent pool of skilled people, and this will allow us to continue to invest in this vibrant city.”
–Jack Laninga, Executive Vice President of Superior Cabinets
“Algarithm was created 6 years ago with the mission to make plant based omega3s easy, enjoyable and ecofriendly for everyone! The PrairiesCan Business Scale Up Program (BSP) funding announced today will enable Algarithm to accelerate that mission, acquiring key capital assets and hiring important new team members that allow us to expand our reach into key new category and geographical markets.”
–Ben Kelly, President, Algarithm Ingredients Inc.
- Since 2012, Saskatchewan’s annual revenue from value-added agriculture has almost doubled from $3.5 billion to an estimated $6.8 billion in 2020-21.
- More than 300 food processing and beverage companies in Saskatchewan produce a wide range of cereal, meat, dairy and bakery products, as well as food ingredients.
- PrairiesCan has invested over $209M in 292 digital tech projects since 2018, targeted at growing the sector across the Prairies, including $23M in 36 digital tech projects in Saskatchewan.
- Saskatchewan companies design and produce world-class advanced manufacturing solutions. The sector is a key employer of graduates from universities and technical schools.
- A young, fast-growing Indigenous population offers Saskatchewan employers a competitive advantage when attracting and retaining skilled workers and when pursuing partnerships for sustainable, inclusive growth.
Press Secretary and Communications Advisor
Office of the Minister of Northern Affairs and Minister responsible for PrairiesCan and CanNor
Prairies Economic Development Canada