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Market and Product Diversification
Expanding Market Opportunities (EMO) Program
($45 million over three years starting in 2017–18)
Natural Resources Canada’s Expanding Market Opportunities program will increase and diversify market opportunities for Canada’s forest products industry in offshore markets and expand wood use in non-residential and mid-rise construction. This new funding will provide much needed stability to this industry/government partnership to further stimulate new and existing markets for Canadian wood products at home and overseas. This program will continue its ongoing success in helping to expand markets by encouraging the use of wood in construction to sustain hundreds of thousands of good, middle-class jobs in communities across our country.
Investments in Forest Industry Transformation (IFIT) and Forest Innovation Programs (FIP)
(IFIT: $55 million over three years; FIP: $63 million over three years, both starting in 2017–18)
Natural Resources Canada’s Investments in Forest Industry Transformation and Forest Innovation Programs have been extended to continue to position Canada’s forest sector at the forefront of the emerging bio-economy and reduce reliance on traditional products. These programs help drive innovation from research and development to commercialization and aim to support the development of new technologies and higher-value products that will reduce GHG emissions and contribute to clean economic growth and jobs. This new funding will help the forest sector generate new business opportunities that can help diversify its product portfolio and help position Canada as a global leader in new technology areas.
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