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FedDev Ontario invests in two automotive parts suppliers - PLANT - Vimarsana News

FedDev Ontario invests in two automotive parts suppliers - PLANT

FedDev Ontario invests in two automotive parts suppliers March 9, 2021   Maryam Farag FedDev Ontario invests in repayable contribution of $3.9 million for Kumi Canada Corporation and York Metal Products. “Today’s announcement represents a step forward for our automotive manufacturers by increasing production capabilities and creating skilled manufacturing jobs, while helping Canada to achieve its goal of net-zero emissions by 2050.” said Mélanie Joly, Minister, Economic Development and Official Languages . Kumi Canada will use $2 million to expand its Bradford...

Source: plant.ca
Cornwall-based SigmaPoint receives $1-million investment - Vimarsana News

Cornwall-based SigmaPoint receives $1-million investment

Investment will lead to hiring 12 new people at electronic components plant.

Two southern Ontario automotive parts suppliers expand to rev up production - Vimarsana News

Two southern Ontario automotive parts suppliers expand to rev up production

From: Federal Economic Development Agency for Southern Ontario Advanced manufacturing is a cornerstone of Canada’s economy, producing goods for domestic and international markets while supporting well-paying jobs. In the face of both of COVID-19 and climate change, southern Ontario companies are adopting innovative processes and products to stay on the cutting edge and spur growth. March 3, 2021 – Concord, Ontario Advanced manufacturing is a cornerstone of Canada’s economy, producing goods for domestic and international markets while supporting well-paying jobs. In the face of both of C...

London-area industries getting $6.5M in loans from Ottawa - Vimarsana News

London-area industries getting $6.5M in loans from Ottawa

Southwestern Ontario industries are getting nearly $6.5 million in federal government support, officials announced Thursday. Author of the article: Norman De Bono Publishing date: Feb 11, 2021  •  February 11, 2021  •  1 minute read  •  Derek Littleton, operations manager for OWS Rail Car, in the company's yard in Sarnia. OWS Rail Car is receiving $832,000 in federal funding to expand its yard in Sarnia so it can add safety technology to locomotives. (Paul Morden/The Observer) Article content From its repair yard in Sarnia, OWS Rail Car has carved out a business repairing ...

FedDev Ontario investments support businesses and spur innovation and growth amid global pandemic - Vimarsana News

FedDev Ontario investments support businesses and spur innovation and growth amid global pandemic

From: Federal Economic Development Agency for Southern Ontario Through this difficult time, FedDev Ontario has been there to support businesses. This includes providing financial relief to through the Regional Relief and Recovery Fund (RRRF), and providing existing clients with flexibilities to address their changing needs as they continue to adapt. While the Agency has been working to ensure businesses, organizations and communities across southern Ontario have the support they need to weather the impacts of this crisis, we also continue to make targeted investments to support innovation and...