Ontario has invested more than $2 million in the Thunder Bay area manufacturing sector. | So Good News
THUNDER BAY – The Government of Ontario is providing $2,135,745 to support the manufacturing sector in Northwestern Ontario through the Northern Ontario Heritage Fund Corporation (NOHFC). This investment creates jobs; business expansion; We will help build a stronger Ontario by providing critical infrastructure and improving quality of life in the North.
“Supporting manufacturing in the Thunder Bay area not only creates good-paying jobs, but also helps keep the north competitive,” Northern Development Minister Greg Rickford said. “These businesses play an important role in the Northern economy, supporting communities and contributing to the prosperity of the entire state.”
The following projects receive NOHFC funding:
- Itec 2000 Equipment Inc. for a new hydraulic shop. to $970,000
- $267,374 to Canada Concrete Corporation to expand its concrete production operations
- $217,920 to Thunder Bay Hydraulics for the commercialization of a car lift
- $195,000 from EcoCarbon Foam for the start-up of an extruded polystyrene (XPS) manufacturing plant
- Lakehead Ironworks Inc. for three projects. to $132,814
- $79,040 for a new cold storage facility
- to carry out building renovations; $25,374 to purchase a boring calibration machine and install air quality equipment
- $28,400 to purchase a 300-ton hydraulic press brake
- $111,071 to AM Ludwig Saw Shop to purchase and install equipment
- Peterson Machine and Supply Inc. To buy a boring mill for $99,300
- $90,210 to KMH Industries for pilot demonstration and commercialization of a roller ski treadmill.
- Countermeasures Security Solutions Inc. to purchase equipment and upgrade its facility. (now known as Secure Orbit Inc.) for $44,089
- North West Industries Inc. to upgrade and purchase new equipment. for $7,967
“The manufacturing sector has a long history in the Thunder Bay area,” said Kevin Holland, MPP-Atikokan, Thunder Bay. “Not only do these investments help the sector grow, but they also provide a source of income for families across the area.”
NOHFC growth, Projects large — small, large — that stimulate job creation and skill development. We promote economic prosperity throughout Northern Ontario by providing financial assistance to rural and urban communities.
“The Government of Ontario’s funding of the forest in Northwestern Ontario; Helping expand our operations by creating an innovative hydraulic shop that better serves the mining and construction sectors. We now have 55 full-time employees and four branch locations, allowing us to expand our reach, offer more comprehensive services, and strengthen community support.” Itec 200 Equipment Inc President Ray Jarvinen said.
“NOHFC’s support is key to our robust expansion investments in our ready mix that will allow our company to build capacity, create jobs and better serve the North West.” said Don DeMichele, president of the Canadian Concrete Corporation.