As part of the Greater Toronto Area (GTA), Mississauga is part of the second largest automotive cluster in North America. Nearly half of Ontario’s total vehicle production is based in this region. Mississauga’s automotive sector is comprised of dealer head offices and related businesses, distributors, wholesalers and more importantly 90 automotive parts and component manufacturers. Automotive parts manufacturers need access to government funds to assist them in acquiring new technology and equipment to support innovation, productivity and competitiveness.
The Ontario government has just announced the new ‘Automotive Supplier Competitiveness Program”, a $5-million, two-year program to help smaller auto parts companies. This aims to help smaller companies adopt the latest technologies and close technological gaps. The extra support will help increase their productivity, adapt quickly to market changes and take advantage of new opportunities with larger manufacturers.
For more information about the program, visit: https://news.ontario.ca/medt/en/2016/03/ontario-investing-in-advanced-automotive-and-transportation-sectors.html
- The auto industry contributes around $16 billion annually to Ontario’s GDP.
- Ontario is the first Canadian province to allow on-road testing of automated vehicles and is home to almost 100 companies and institutions involved in connected vehicle and automated vehicle technologies.
- Ontario is already investing $20 million to build more public charging stations for electric vehicles. The government has also introduced a new Electric Vehicle Incentive Program that will reduce GHG emissions and make it easier for Ontarians to switch to electric vehicles.