Type of Intervention: Specific Action
Sectors Involved: Private Sector and Businesses, Research and Development
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Ontario
Lead People/Agency: Decision-makers: Premier Doug Ford, Minister of Economic Development, Job Creation and Trade (Vic Fedeli)
Implementers: Virox Technologies Inc.
Overview: The Ontario government is providing $850,000 in funding to Virox Technologies inc. from the Ontario Together Fund to help the local manufacturer of Accelerated Hydrogen Peroxide products (disinfectants) to double production and create jobs. The investment aims to keep people, frontline workers, and communities safe and stop the spread of COVID-19. This will assist in installing a high-speed manufacturing assembly line, ramping up production to meet the increased demand from the health care sector and general consumer market.
Full details here: https://news.ontario.ca/medg/en/2020/05/ontario-funds-innovative-company-to-help-fight-covid-19.html
Type of Justification: Advice of EXTERNAL group of non-academics (e.g. business or community leaders)
Source of Evidence or Justification: Sub-national, Ontario Together Fund – call to action
Evidence/Justification: The funding provided to Virox Technologies was distributed from the provinces Ontario Together Fund. This is in response to Ontario’s call to action for businesses to develop innovative solutions to contribute to slowing the spread of COVID-19. Thus, Virox Technologies Inc. responded to this call. The government cites Virox’s role in keeping frontline workers and the public safe as reason for this investment.