There's a family of funds, the automotive supplier innovation program, the automotive innovation fund, so I'll generally answer by saying a lot of those funds were first conceptualized in a different market for liquidity and cost of money. These are now healthy companies with good balance sheets that have access to very cheap loans. From a competitive standpoint, if Canada is going to compete for that investment, as opposed to Michigan, Ohio, or North Carolina, it's a better idea to go with grants, simply because that's the competitive space. These are mobile companies who have custom—they may supply Volkswagen in Tennessee. They might just do it out of there.
On October 17th, 2016. See this statement in context.