The federal government has announced more than $20.8 million in funding for businesses and organizations in Burnaby, B.C.
The funding to the seven Burnaby businesses in various sectors including life sciences, manufacturing, and technology will help the recipients commercialize new products, acquire advanced technologies and increase sales.
More than $4.7 million will go to Garibaldi Glass Industries to help them meet increased demand for their products. The money will add a second production line and help purchase advanced equipment. Garibaldi Glass supplies glass solutions to meet various glazing needs. With this added capacity, Garibaldi Glass will be able to expand into new markets, create 60 jobs and increase revenues.
“At Garibaldi Glass, we are excited to play an active role in contributing to the advancement of Burnaby’s thriving economy. With the recent support of BSP and JGF funding, we are reinforcing Burnaby’s position as a vibrant hub for innovation. Our commitment to excellence and quality has enabled us to expand beyond British Columbia, creating jobs, and introducing cutting-edge technologies like our second production line to drive progress and positive change. As we grow internationally, we remain dedicated to promoting innovation, creating opportunities, and strengthening the community we proudly call home,” said Chris Mobius, vice president, operations, Garibaldi Glass
This funding is being provided through three PacifiCan programs: the Regional Innovation Ecosystems program, Business Scale-up and Productivity program, and the Jobs and Growth Fund. These programs are supporting advanced manufacturing, digital technology, clean technology and business growth. It is expected that this funding will generate 284 jobs.
More than $1.9 million will go towards BCIT to establish AAMTECH, a 3D printing advanced additive manufacturing prototyping hub. This hub will support an estimated 60 businesses, help bring 90 products or services to market and provide training opportunities.