Ontario government offers investment support to Waterloo businesses
November 9, 2021 | By Manufacturing AUTOMATION
The Ontario government is offering investment support to manufacturers in the Kitchener-Waterloo are to strengthen domestic manufacturing and agri-food production and attract investment in the local economy. The investment of around $2.2 million in four businesses through the Regional Development Program will aid in creating 85 jobs while retaining 233 jobs.
“Through the Regional Development Program, our government is making targeted investments in local manufacturers to help them create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “These projects are making a significant impact in communities and economies across Waterloo Region by helping to secure private-sector investments to create conditions for long-term economic growth and build an economy that makes Ontario the best place in the world to do business, work and raise a family.”
Delta Elevator Company is investing over $4.5 million to expand and modify operations at a new facility. The Southwestern Ontario Development Fund is offering investment support of $227,000. This will aid the company in creating 47 jobs and retaining 151 positions. The project will improve efficiency and production capacity. It will add new in-house capabilities and result in a 15-20 percent reduction in outsourcing.
RTS Companies is investing $5 million to construct a new 15,000-square-foot facility to accommodate the production of disinfectant wipes for hard surfaces such as shopping carts. The province is investing $500,000 from the Southwestern Ontario Development Fund. This will help RTS create 12 new jobs and retain 23 existing positions.
Huron Digital Pathology is investing nearly $4.7 million to expand its manufacturing capacity to meet global demand for its new TissueScope iQ digital pathology scanner. The Southwestern Ontario Development Fund is supporting this with $500,000, allowing the company to create five jobs and retain 22 existing ones.
Blendtek Ingredients is investing more than $6.2 million to expand and upgrade its ingredient solutions and product development facility. The Southwestern Ontario Development Fund is providing investment support of $940,000, allowing the company to create 21 jobs and retain 37 existing ones. The company manufactures and distributes ingredients for the food, pharmaceutical and industrial sectors.
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