MISSISSAUGA, ON, Feb. 19 /CNW/ - Canadian small- to medium-sized enterprises (SMEs) can now capitalize on projects associated with the U.S. Stimulus Package after Canada's recent exemption to the Buy America clause.
The recent exemption means Canadian businesses can now bid on projects funded by the $787 billion U.S. Economic Stimulus Package in 38 states. U.S. Stimulus-related projects require everything from computer technology and infrastructure materials, to medical technology and construction.
"These projects are an extraordinary opportunity for Canada's small- to medium-sized businesses to grow, broaden their horizons, and get a foot in the door of the biggest consumer market in the world," said Mike Tierney, president, UPS Canada.
Tierney added that Canadian businesses still have a competitive advantage south of the border, noting that the Canadian dollar has not yet reached parity with the U.S. dollar, offering the U.S. government the possibility of realizing significant cost savings.
The exemption to the Stimulus Package opens the gate to Canadian SMEs looking to make strategic supply chain partnerships with U.S. counterparts through the import and export of raw materials or finished products.
"Many of these projects will rely heavily on natural resources that are abundant in Canada, including obvious resources like oil and natural gas, but also wood, copper, aluminium, and many others," said Tierney. "This exemption could serve as a significant boon to these industries and so many others, and Canada's entrepreneurs should be seizing the moment."
Canadian entrepreneurs interested in learning more about U.S.-stimulus opportunities can visit www.fbo.gov. For more information about UPS products and services in Canada, visit UPS.com(R).
UPS (NYSE: UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, GA., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
SOURCE UPS Canada Ltd.
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