Canadian Budget Provides Boost for IFIT Program
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"We welcome this renewal of the IFIT program as a way to spur jobs and create economic growth especially in rural Canada." says FPAC President and CEO David Lindsay. "This is a strategic, future-oriented decision that demonstrates the federal government's ongoing commitment to the transformation of the forest industry."
FPAC has unveiled Vision2020, an ambitious plan to propel the sector forward in the areas of products, environmental performance, and people. The support for innovation will help the industry reach its goal of producing another $20 billion in economic activity in new markets and innovative new products by the end of the decade.
"Our industry Vision calls for not only investment in innovation, but a focus on skilled workers and international trade," says Lindsay. "This budget reflects those priorities." He notes that the government referred to the Vision2020 goal of recruiting an additional 60,000 workers by the end of the decade.
FPAC adds that it also welcomes the budget measure that allocates $18 million over four years for early intervention to prevent the spread of spruce budworm in Atlantic Canada and Quebec.
FPAC notes that the $57 billion-a-year forest products industry represents 2% of Canada's GDP and is one of Canada's largest employers, operating in hundreds of communities and providing 230,000 direct jobs across the country.
