Niagara (Jan 17) – The Ontario government is supporting $65 million in investments by three companies to boost local manufacturing and create 46 new, good-paying jobs in the Niagara Region. As part of these investments, the province is providing the companies with $6.7 million in support through the Regional Development Program (RDP).
“The Niagara Region is home to a robust manufacturing community, and thanks to their continued growth and investment, we can be confident that our targeted approach to fostering stability and growth across our economy is working,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade.
One of the Niagara Region recipients, Stanpac Inc. manufactures dairy, food and beverage packaging for businesses around the world. With an investment of over $35 million in advanced equipment, robotics, and upgrades, Stanpac will increase the efficiency of its facility in Smithville, including creating a machine shop to service all machinery in-house. The project is supported by more than $3.3 million in funding through the RDP and will create 30 new jobs.
AMSI Inc. designs and constructs e-houses, a prefabricated building that houses electrical equipment for a wide range of industries including power generation, mining, industrial automation, hydro and electrical distribution, oil and gas, public transportation, biomass and the environmental sectors. The company will invest about $20 million to construct a new 67,000 square-foot manufacturing facility to improve manufacturing processes for large, complex equipment that will increase productivity and growth. The project is supported by $2.1 million in funding through the RDP and will create nine new jobs, the province said in a statement.
St. David’s Cold Storage, the third recipient provides cold, freezer and ambient storage solutions to food and beverage manufacturers. It is investing $9 million to expand its facility and double its refrigerated storage space. This will include one of the first CO2-based refrigerant systems in Canada, as well as additional upgrades to limit energy consumption, helping the company to scale up their operations to begin exporting. The project is supported by over $1.3 million in funding through the RDP and will create seven new jobs for recent graduates and local young professionals.
Ontario is investing $140 million through its Regional Development Program to help manufacturers across the province grow, while supporting distinct regional priorities and challenges. To date, Ontario has provided more than $122 million to support more than 100 projects through the program, leveraging more than $1.3 billion in new investments and helping to create more than 2,500 jobs in the province.
Applications are now being accepted for the next intake round of RDP funding until January 25, 2024.
