January 6, 2016
The federal government unveiled a $50-million program in Kitchener Tuesday aimed at helping small-and-medium-sized businesses develop export markets for their goods and services.
Chrystia Freeland, minister of international trade, and Waterloo MP Bardish Chagger, minister of small business and tourism, announced the trade program called CanExport at the Communitech Hub.
It will provide matching grants of $10,000 to $100,000 to help companies develop export markets. To be eligible, businesses must have fewer than 250 employees and annual revenue in Canada of between $200,000 and $50 million. Existing exporters also are eligible if they have new products, or if they are developing new markets. In all, CanExport will provide $50 million over the next five years.
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