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11
May

Minister Matthews was in Windsor today to announce, Ontario Investing in Windsor to the tune of $7.8M+ to support jobs in the Windsor – Essex Region.

Ontario investing over $7.8 million in seven companies in the Windsor-Essex region helps to support economic growth, create 270 jobs and retain more than 1,180 positions. The announcement was made at the Windsor Essex Economic Development Corporation on Wyandotte Street West.

Ontario Investing in Windsor over $7.8 million
Adam Vasey (Director of Pathway to Potential) with Minister Deb Matthews

The seven companies will receive support through the Southwestern Ontario Development Fund, which helps create jobs and diversify the economy by encouraging businesses to be innovative and pursue new markets. The companies include:

Astrex Inc. — Ontario investing $1.5 million helps Astrex (a joint venture of Can Art Aluminum Extrusion and Constellium) produce high-strength alloys for the automotive sector. The project has a total value of $28.4 million and requires a new facility, equipment, and training, resulting in the creation of 62 new jobs over four years.

The Electromac Group — Ontario investing $1.5 million helps Electromac expand its facility, purchase equipment and install three hot stamping production lines to meet increased demand for light weight auto parts. The company develops complex tooling and metal stamped products primarily for the auto sector. The project has a total value of over $15.4 million and will create 30 new jobs and retain 191 positions over five years.

Essex Weld Solutions — Ontario investing $450,000 helps Essex Weld Solutions expand and acquire state-of-the-art fibre optic laser cutting machines to increase production and implement robotic welding processes. Essex Weld Solutions manufactures custom and standard automotive racks. The project has a total value of more than $4.5 million and will create 20 jobs and retain 110 positions over three years.

Integrity Tool and Mold — Ontario investing more than $1.1 million helps Integrity Tool and Mold upgrade equipment to produce higher quality and more precise molds than what are currently on the market. The company makes plastic injection molding primarily for the auto sector. The project has a total value of more than $16.6 million and will create 52 new jobs and retain 317 positions over three years.

JD Norman Canada — Ontario is investing more than $480,000 to help JD Norman Canada invest in new equipment to improve product quality and ramp-up production. The company makes connecting rods for the automotive sector. The project has a total value of more than $4.8 million and will create 14 jobs and retain 85 over five years.

Lakeside Plastics — Ontario investing $1.28 million helps Lakeside Plastics purchase new machinery and equipment to expand their capabilities and improve competitiveness. The company manufactures plastic automotive interior trim parts. The project has a total value of $12.8 million and will create 55 jobs and retain 305 positions over almost four years.

Ventra Group — Ontario investing $1.5 million helps Ventra Group upgrade facilities and purchase new equipment. The company stamps, welds and assembles metal automotive parts. The project will incorporate an experimental high-strength steel new to the automotive industry. The project has a total value of more than $31.9 million and will create 37 jobs and retain 179 positions over four years.

The Southwestern Ontario Development Fund is modelled on the proven Eastern Ontario Development Fund. Together these two funds have helped to create and retain more than 42,000 jobs and have attracted more than $1.9 billion in investment.

The funds typically cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its own resources. This leveraging of private sector investment provides enhanced value for taxpayers.

Attracting new investment to Southwestern Ontario is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

“Manufacturing is a key economic driver for Ontario. We are pleased to help support these forward-thinking companies’ investment projects, which will bring high-skilled jobs to the region and grow our reputation for excellence in automotive manufacturing.”— Deb Matthews, MPP for London North Centre

QUICK FACTS

  • Ontario is one of the top jurisdictions in North America for vehicle production and the only sub-national jurisdiction to have five major global automotive assemblers: Fiat Chrysler Automobiles, Ford, General Motors, Honda and Toyota, as well as truck manufacturer Hino. Ontario’s assembly plants are supported by an advanced supply chain that comprises over 700 part suppliers and more than 500 tool, die and mold makers.
  • Since October 2012, Ontario has committed to invest over $95 million through the Southwestern Ontario Development Fund, leveraging private-sector investment of more than $1.1 billion. These investments are helping to create over 4,000 new jobs and retain more than 20,000 existing jobs in the region.
  • Ontario is accepting applications for the Southwestern Ontario Development Fund from qualified businesses that 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.
  • Ontario’s five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale-up and modernizing regulations for businesses.
  • As part of the Business Growth Initiative, Ontario announced the Automotive Supplier Competitiveness Program to help smaller auto parts companies adopt the latest technologies, plus support for the Canadian Urban Transit Research and Innovation Consortium to support R&D and commercialization of technologies.

Since Minister Matthews was previously Minister of Health, local reporters questioned her about Windsor’s pursuit of the proposed Mega Hospital.

To hear her encouraging take on Windsor’s position in the hunt for the provincial capital dollars earmarked for hospital projects, fast forward to the 4 minute 04 second spot on the audio slide bar.

The last question asked was posed by Biz X magazine’s Joe McParland who asked the Minister if Health Minister Hoskins was planning a trip to Windsor anytime soon.

Photo and audio by Joe McParland – Biz X magazine

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Assistant Editor