Mr. Speaker, I will be splitting my time with the member for Cumberland—Colchester—Musquodoboit Valley.
Economic action plan 2013 is great news for my riding of Brant, for southern Ontario and indeed for all of Canada. It is a plan that keeps Canada well positioned for long-term, stable economic growth and balanced budgets. It includes a variety of exciting common sense proposals that would make government more productive and efficient and create jobs in southern Ontario.
Economic growth in my riding of Brant is largely driven by small and medium-sized businesses that are innovating and gaining a leading edge in the 21st century economy, and I will provide an example of a company. GreenMantra Technologies recently opened up as a new start-up company. As a government we were able to help it through our southern economic development agency, FedDev, to get the funding to produce new, innovative and patentable technologies creating wax products for commercial use. This is a very exciting development and one which would create hundreds of jobs in our community down the road.
Our government continues to build on the unprecedented support for businesses that are innovating and transforming southern Ontario's economy. In particular, we are providing record support for manufacturers and processors. Since 2006, our government has assisted manufacturers by lowering taxes, making Canada the first tariff-free zone for manufacturers in the G20, reducing unnecessary red tape and improving conditions for business investment.
In economic action plan 2013, we are taking further action to support Canada's manufacturers. We are providing tax relief for manufacturing equipment through the extension of the temporary accelerated capital cost allowance. This measure would allow manufacturers to invest in new machinery and equipment to help them compete. We are also continuing our support for innovative businesses like GreenMantra Technologies, which I referred to earlier, by renewing the Federal Economic Development Agency for Southern Ontario with new funding of $920 million. FedDev has been a critical agency. It has helped provide much needed support in my riding by boosting businesses that are showing leadership with transformative projects, which in turn would allow them to capitalize on new world market opportunities and compete in the 21st century economy.
I would like to refer to another company in my riding called Systems Logic. Systems Logic produces software and hardware for the warehousing industry. It has recently expanded its market base extensively into the United States with new and innovative products. This is another great example of new jobs being created in the 21st century right in my community as a result of our budget initiatives.
Through economic action plan 2013, FedDev Ontario would offer businesses in Brant new support through the exciting new $200 million advanced manufacturing fund, which is aimed at helping our region's manufacturing industry to further innovate and become more competitive.
The good news for Brant does not stop there. There is a burgeoning entrepreneurial spirit that is emerging in my community. Businesses are seeing the opportunities and investing in my community, which has a skilled labour force made up of people from all walks of life who are ready and willing to go to work and take advantage of the new economic opportunities.
Our government understands the tangible benefits that such an entrepreneurial spirit can deliver for our communities and knows that southern Ontario's long-term economic competitiveness needs to be driven by globally competitive, high-growth businesses that take risks, innovate and create high-quality jobs. That is why economic action plan 2013 continues building on our government's support for entrepreneurs and risk takers in my riding.
Economic action plan 2012 announced resources to support Canada's venture capital industry, including $400 million to help increase private-sector investments and early-stage risk capital and to support the creation of large-scale venture capital funds led by the private sector. Shortly after, our Prime Minister announced a comprehensive venture capital action plan, which will improve access to venture capital financing by high-growth companies. The plan will promote a vibrant capital environment in Canada, rooted in a strong entrepreneurial culture and well-established networks that link investors to innovative companies.
Budget 2013 would advance the venture capital action plan by offering $60 million to help outstanding and high-potential incubator and accelerator organizations expand their services to entrepreneurs, as well as $100 million through the Business Development Bank of Canada to invest in firms graduating from business accelerators. We would also provide funding specifically designated for young risk-taking entrepreneurs who are working to create the jobs of tomorrow through the Canada Youth Business Foundation. All of this is great news for entrepreneurs, not only in Canada but in my specific riding of Brant.
We know that businesses and workers alike in my riding would benefit from the tremendous new support that the economic action plan offers in terms of skills training and connecting workers with jobs. We would increase skills and training support with the new Canada job grant to help more workers get high-quality, well-paying jobs. Under the new grant, Canadians would be able to qualify for up to $15,000 per person to get the skills and training they most importantly need. Training and skill development would be focused on jobs that are in demand. In fact, the grant would directly connect employers looking for skilled workers with Canadians who want to fill those jobs.
Meanwhile, our budget would create opportunities for apprenticeships that would allow young people to learn a skilled trade while gaining paid, on-the-job work experience. Also, we would offer even more targeted support to promote labour market participation and a more inclusive workforce.
Residents of the Six Nations of the Grand River and the Mississaugas of the New Credit First Nation in my riding would benefit from an investment of $241 million to improve the on-reserve income assistance program to help ensure aboriginal youth can access the skills training they need to secure employment and better outcomes for their futures.
Among a series of new proposals that are garnering excitement among disability advocates and experts from across the country, our budget calls for $222 million per year to improve employment prospects for persons with disabilities. Canadians with disabilities represent a significant untapped pool of talented people who are ready, willing and able to work. In fact, there are more than 800,000 Canadians whose disabilities do not prevent them from working. We know about the enormous opportunities for social and economic inclusion that gainful employment can provide these people.
In my riding, we have several fine examples of entrepreneurial companies that have hired people with disabilities. One is Brantford Volkswagen, and someone from this company will be coming to Parliament to tell the human resources committee about how positive the experience has been and how much of a business case there is for taking on people with disabilities.
I am thrilled to see that we would move forward to help those who want to get work—those who are willing and able—move in the directions that employers and entrepreneurs and businesses need.