Local Companies Receive Provincial Funding

(WINDSOR, ON) – The Ontario government’s recent local investment, mostly for automated manufacturing systems, is being projected to create 178 jobs in the region. Ten companies will receive support through the Southwestern Ontario Development Fund.

Yesterday, the government sent Education Minister Mitzie Hunter to Windsor to make the announcement.

Windsor Mold will get the lion’s share of over $3 million in government support. The company plans to develop an automated manufacturing process for plastic injection molds and mold components. It will receive $1 million as part of a $15 million dollar project which has reportedly created 50 jobs since inception.

Next in line is Superior Tool and Mold, which get $555,300, or about 10% of a project costing $5,552,700. The funds will help the company purchase new equipment, such as automated robots to improve efficiency and output. Superior expects the investment will generate 13 new jobs and retain 74 positions over three years.

Ramstar Carbide Tool will receive $312,644 to modify its facility in order to accommodate new automated equipment. The project will total $6,252,873 to create 11 jobs and retain 24 positions over four and a half years.

Other recipients planning to improve their operations with robots or other automation technology include Select Tool and Stratus Plastics. Select will use $181,152 to help to expand and diversify its operations through automation and robotics integration while Stratus is counting on $121,100 to buy two robotics systems and a material handling system.

“This significant investment will help Stratus purchase an energy efficient press and robotic system to add flexibility and manufacturing capacity, enabling the company to meet customer demand, take on new business and compete globally,” said Stratus executive Colby Wu.

Others on the receiving end will use their money for unspecified equipment purchases, including Greco Aluminum Railings $173,500, Jesse Garant Metrology Center $162,370, Proto Manufacturing $224,200, Saturn Tool and Die $186,100, and Technical Molding Management Systems $110,700.

Since 2013, the Southwestern Ontario Development Fund and Eastern Ontario Development Fund have helped to create and retain more than 36,500 jobs and attract approximately $1.73 billion in investment. The funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its own resources.

Ontario is accepting applications for the Southwestern Ontario Development Fund from qualified businesses which are growing and creating jobs. Sectors eligible for the fund include advanced manufacturing, food processing, life sciences, information and communications technology, tourism, and cultural industries.

In a prepared statement, Jeff Leal, the province’s Minister Responsible for Small Business, said the Ontario government is, “… investing in Windsor’s manufacturing sector to help these forward-thinking companies boost economic growth, strengthen the manufacturing sector and create good jobs in the region.”

Stock up on stamps at Canada Post with Stamp Coils! Get your stamps today - Click here!

Click for the latest news

About the Author

Robert Tuomi
After initially succeeding as a broadcast journalist and achieving senior level assignments, Robert branched out into marketing communications. As a senior executive, primarily in the high-tech industry, Robert created award-winning and comprehensive, multi-faceted initiatives to enhance sales and expand market awareness for some of the largest companies in their fields.Email Robert Tuomi

Be the first to comment on "Local Companies Receive Provincial Funding"

Join the discussion

%d bloggers like this: