Regional Tariff Response Initiative investments will help businesses become more efficient and resilient in a changing economy
Global tariffs and shifting trade conditions are raising costs, disrupting supply chains, and putting pressure on Canadian businesses, including many in central Alberta. Through the Regional Tariff Response Initiative (RTRI), the Government of Canada is taking action to help companies adapt, diversify, and strengthen operations in the face of tariff-related uncertainty.
Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), announced a federal investment of $4 million through the RTRI to support four businesses in Alberta. These investments will help expand operations, build resilience, and strengthen capacity to navigate global economic challenges.
Today's announcement spans across several different sectors of the economy, demonstrating the breadth of the Government's commitment under RTRI. Each of the following represents a $1 million investment under RTRI:
- Barr-Ag will purchase and install automated equipment to improve operational efficiency and build capacity so it can expand its hay product lines and better compete in domestic and global markets. This will enable Barr-Ag to launch new products, reduce production costs, strengthen agriculture supply chains and increase sales all while increasing revenue streams for farmers in the Olds area.
- CAC Metal Recycling will expand and modernize its low-iron (non-ferrous) processing capabilities at its Acheson facility, enabling the company to recover and refine a wider range of recyclable metals. This investment will increase processing capacity, reduce reliance on tariff-sensitive imported steel products, and strengthen domestic supply chains for metal materials in the Greater Edmonton Area.
- GN Corporations will purchase and install automated Computer Numerical Control (CNC) equipment and digital manufacturing tools to increase production capacity of their metal parts products. The acquisition of advanced technologies will also increase the accuracy of GN Corporations' manufactured products, enabling them to expand sales in industries that demand extreme precision including aviation and defence. Equipment will strengthen domestic supply chains and reduce reliance on foreign suppliers for high-precision aerospace components while supporting good jobs in Airdrie.
- Red Deer Ironworks has acquired specialized equipment, including a high-capacity Computer Numerical Control (CNC) machine, to bring manufacturing of its steel flow-control products in-house. This new equipment reduces production costs and shortens customer order lead times, better enabling RDI to compete in domestic and global markets. New equipment has also made it possible to increase production to two full time shifts, providing quality jobs in the Red Deer area.
In a rapidly changing world, Canada is focused on what we can control. The federal government is diversifying trade partnerships abroad and is building economic strength at home, including reducing internal barriers, improving domestic trade within Canada and supporting Alberta businesses to build a stronger, more resilient Canadian economy. Funding announced today will support more than 185 jobs in Alberta.
