SAULT STE. MARIE, ONT. — The Ontario government is investing $500,000 through the Trade-Impacted Communities Program (TICP) to help workers in Sault Ste. Marie who have been impacted by tariffs.
The funding will go towards the development and implementation of the city’s $550,000 Foreign Direct Investment Strategy.
“Sault Ste. Marie has long supported the North American steel, fabrication and forestry industries, with the U.S. serving as the predominant market for finished goods exports,” a release reads. “In response to the disproportionate impact of U.S. tariffs on the local economy, the city is developing a Foreign Direct Investment (FDI) strategy dedicated to unlocking new export markets, attracting investment and expanding existing industrial strengths. The strategy will also focus on diversification of the domestic supply chain, including increasing the region’s engagement in Ontario’s defence, aerospace, critical minerals processing and advanced manufacturing sectors.”
The province’s $40 million TICP initiative is a “tactical tool” the government launched last year to protect jobs and build resilient, self-reliant communities across the province.
It is dedicated to projects aimed at strengthening economic resilience and competitiveness across industries and communities disproportionately impacted by global trade disruptions.
