The future could look incredibly bright for auto manufacturing around Waterloo Region now that a local project has made the shortlist for Supercluster funding.
The federal government has $950-million to help develop public-private partnership lead innovation projects.
Linamar, the University of Waterloo and Conestoga College are working on such a project to make auto manufacturing more modern and digital.
From the Waterloo Economic Development Corporation, CEO Tony LaMantia calls it “advanced manufacturing and industry 4.0.”
LaMantia says manufacturing in the Toronto-Waterloo Region corridor is globally significant, and its economic impact is staggering.
And he adds, with all that’s happening with connected devices in the automotive and other industries, the Region is well connected to be part of that transformation.
LaMantia says the Trudeau government will announce which of nine short-list projects will be funded in 2018.
Private sector funding will be separate from the government money, spread over years, but LaMantia says it’s a big number any way you cut it.