Ontario is investing over $500,000 in two Barrie-based companies to support economic growth, create 27 jobs and retain 38 positions.
These two 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:
Garaga Inc. — Ontario is investing $254,328 to help Garaga Inc. purchase new machinery and automated equipment to add three new product lines, increase production and improve competitiveness. The company manufactures garage doors for residential, commercial and industrial markets in North America. The project has a total value of over $2.5 million and will create 12 new jobs and retain 37 positions over four years.
Jacobs & Thompson Inc. — Ontario is investing $250,000 to help Jacobs & Thompson Inc. purchase new state-of-the-art equipment and expand its market presence in the automotive, consumer and general manufacturing sectors. The company produces custom foam, adhesive and textile laminates that are found in products such as helmets, automobiles, office furniture, safety equipment and various consumer products. The project has a total value of over $3.9 million and will create 15 new jobs and retain one position over five years.
The Southwestern Ontario Development Fund is modelled on the proven Eastern Ontario Development Fund. Together these two funds are helping to create and retain more than 44,000 jobs and attract approximately $2 billion in investment.
The funds 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 Ontarioup and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes 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 infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is 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.
“Our government is pleased to strategically partner with these important companies, working to generate economic growth and create new manufacturing jobs in Barrie. The Southwestern Ontario Development Fund helps companies adopt new technologies, grow their business and stay competitive.”
— Brad Duguid, Minister of Economic Development and Growth
“We are pleased to help support these companies’ growth projects that will help create jobs and strengthen our region’s economy. These investments show the province’s commitment to the long-term success of local businesses and the families who live here in Barrie.”
— Ann Hoggarth, MPP for Barrie
“We appreciate the support of the Ontario government. Barrie has proven to be a great manufacturing location for us and this investment will allow us to further expand our business and grow our presence across Canada and the United States.”
— Sylvain Fecteau, General Manager, Garaga Inc.
“We are pleased to partner with the Ontario government in purchasing new state of the art manufacturing equipment in the continued development of our cutting edge manufacturing facility in Barrie. With this investment, we will install game changing technology that will allow us to increase production, access new markets and gain a strong advantage over our competitors.”
— Riley Brand, General Manager, Jacobs & Thompson Inc.
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