Ontario invests in five manufacturing companies in Parry Sound district
September 27, 2021 by Manufacturing AUTOMATION
The Ontario government is investing $2.2 million in five manufacturing companies in the Parry Sound district. With this funding, the companies will expand their operations, creating 38 new jobs. The investment will also help in boosting economic development in the area.
“I am excited to announce these investments in our local manufacturing sector,” said Norm Miller, Member of Provincial Parliament for Parry Sound-Muskoka. “It is great to see manufacturing companies commit to our local communities. These businesses, like Lofthouse Manufacturing here in Burk’s Falls, create the stable, well-paying, year-round jobs that sustain our towns and villages throughout the Parry Sound district.”
The funding will be given through the Northern Ontario Heritage Fund Corporation (NOHFC). The five manufacturing companies will receive the following support:
- $1 million for Lofthouse Manufacturing – a forging and machining company in Burk’s Falls – to enlarge its toolroom, purchase equipment and automate part of its manufacturing process. The project will create eight fulltime jobs.
- $918,550 for Connor Industries – an aluminum boat manufacturer in Parry Sound known under the trademark name Stanley – to renovate its facility, construct two new buildings and purchase equipment. The project will create 12 full-time jobs.
- $200,000 for Wave Fibre Mill to establish a full-scale fibre processing mill in Seguin. The mill will use locally sourced raw materials to produce fabrics such as yarn, felt and roving. The project will create five part-time and five fulltime jobs.
- $113,968 for RJW Enterprises – a solid surface fabricator in Seguin – to renovate its facility and purchase equipment. The project will create six full-time jobs.
- $16,614 for Patternstone – a masonry and landscaping products manufacturer in Burk’s Falls – to renovate its facility and purchase equipment. The project will create two full-time jobs.
“Supporting local businesses as they expand and innovate will help create jobs, keep the North competitive and attract new investment,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “These investments are helping businesses thrive, leading to economic prosperity and providing real opportunities for northerners.”
The NOHFC offers financial assistance to projects across Northern Ontario that enhance growth, job creation, skills development and recovery. Since June 2018, the NOHFC has invested more than $369 million in 3,551 projects in Northern Ontario.