On July 25, 2016, the the Honorable Navdeep Bains, Minister of Innovation, Science, and Economic Development and the Minister responsible for the Federal Economic Development Agency for Southern Ontario announced a $12 million investment in Bioindustrial Innovation Canada. The Centre for the Commercialization of Sustainable Chemistry Innovations will be supported through the funding, and will help businesses quickly bring biobased products from final testing stages to the commercial market. This funding will specifically benefit the Sarnia-Lambton region, and create 478 full-time equivalent jobs as well as 250 new industrial collaborations in an effort to transition the region from a petrobased economy to a biobased economy.