British Columbia's economy is driven by strong businesses that create good jobs and support vibrant communities. Today, many of these businesses - like others across Canada - are navigating uncertainty as tariffs and shifting global trade conditions increase costs and disrupt supply chains.
To remain competitive and resilient, B.C. businesses are pivoting to new pathways for growth with support from the Regional Tariff Response Initiative (RTRI).
Today, the Honourable Randeep Sarai, Secretary of State (International Development) and Member of Parliament for Surrey Centre, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada (PacifiCan) announced over $8 million in RTRI funding for four Surrey businesses to help them diversify exports, grow locally, and compete globally - building prosperity for British Columbians and all Canadians.
These investments support the Government of Canada's measures to strengthen domestic food production and help businesses in sectors affected by global trade disruptions - such as forestry, manufacturing, and steel and aluminum - boost productivity, reduce costs, build more resilient supply chains, and reach new markets.
The announcement was made at AI Industries, a company that produces steel components for construction projects across North America, including Surrey Civic Centre. PacifiCan's investment will help AI Industries increase production capacity and efficiency by installing advanced automated fabrication and welding equipment, enabling the company to expand into new markets, strengthen supply chains, and create good jobs.
Three additional businesses are also receiving funding, including Nanak Foods, a company that specializes in the manufacturing of paneer cheese, ghee (clarified butter), yogurt and various dairy-based appetizers and desserts. PacifiCan's investment will help automate its production and warehouse operations to increase capacity, strengthen domestic food manufacturing, and expand into new international markets.
More details about these investments can be found in the backgrounder.
