In today's rapidly changing global economy, businesses across Canada are facing increasing costs and supply chain disruptions. B.C.'s innovative businesses play a vital role in creating good jobs and supporting vibrant communities. To remain competitive and resilient, they must continue to adapt and seize new opportunities for growth.
The Government of Canada is building the strongest economy in the G7 by helping businesses across the country navigate challenging trade realities, boost productivity, and reach new domestic and global markets.
Today, the Honourable Jill McKnight, Minister of Veterans Affairs, Associate Minister of National Defence and Member of Parliament for Delta, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada, announced an investment of over $10.5 million in nine companies in Delta and Richmond to help businesses scale and compete. These investments will strengthen local supply chains, boost productivity and open global markets to B.C. exporters.
Today's announcement was made at Santevia Water Systems, a Delta-based business that designs and manufactures water filtration products. Santevia is receiving an investment of over $1.8 million to help scale up domestic manufacturing, launch new sustainable products, and expand into international markets while also modernizing operations and sales infrastructure. This investment will support skilled jobs and help Canadian products reach new markets while reducing reliance on single use plastics.
Eight additional companies are also receiving funding, including Richmond Plywood Corporation (Richply), a business that produces value-added plywood for construction and industrial uses. Richply will receive an investment of $1 million to help modernize its facility, which will strengthen domestic supply chains and increase the availability of Canadian-made materials. This investment will help reduce plywood shortages, and support housing and other construction projects across Western Canada.
The investments announced today will provide Delta and Richmond businesses with the tools they need to adapt to a rapidly changing global landscape, grow locally, diversify exports, and create prosperity for British Columbians and all Canadians. More details about all the investments can be found in the backgrounder.
