Mr. Speaker, yesterday I had the honour to announce a repayable loan investment of $450,000 through Technology Partnerships Canada to Cametoid Advanced Technologies Limited, a company in my riding.
Cametoid is a world leader in the development of protective coatings for the aerospace industry and this investment will help Cametoid move forward and develop new technologies that will enhance Canada's capabilities in this very important area.
Developing advanced technologies is one of the goals the federal government has identified for Technology Partnerships Canada, creating meaningful employment is another. Once the project has been successfully completed and the firm moves to full commercialization it is expected that about 17 new direct jobs as well as 10 to 20 indirect jobs will be created in my riding.
With creative partnerships like this one with Cametoid this government is helping to build the kind of economic development that we need in the coming century. We are developing the foundation—