Flexible packaging supplier Tempo Plastics Ltd. is one of three businesses in the Barrie, Ont. area receiving more than $ 2.8 million through the province’s Regional Development Program.
This support is part of a total investment of $ 19.6 million by local businesses, which hopes to strengthen domestic manufacturing and marketing, attract investment, create 72 jobs and help retain more than 280 jobs in the region. Barrie.
“As Ontario takes the turn of this pandemic, one of our top priorities is to support economic growth in all regions of the province,” said Vic Fedeli, Ontario Minister of Economic Development, Creative ‘Jobs and Commerce, in a July 23 press release. “These projects will have a significant impact on their local communities and economies. They will enable measurable long-term results, including private sector investment, job creation, retention and strong regional growth.
Tempo, a manufacturer of custom printed flexible packaging for lawns and gardens and food processors, is investing more than $ 14.4 million to expand its facilities and acquire new technology. With $ 2.2 million from the Southwestern Ontario Development Fund, they are creating 26 jobs and retaining 144 jobs. This investment will increase their production capacity and replace manual and repetitive operations. Improving productivity and innovation will allow the company to expand into new markets.
Tempo works closely with several post-secondary institutions including Georgian College, Humber College and Ryerson University to recruit interns and new graduates to fill vacancies in the growing company. “The company has positioned itself as the preferred partner for sustainable flexible packaging solutions and is an active member of the Canada Plastics Pact,” the release said.
The other two companies receiving funding are Matsu Manufacturing Inc., a manufacturer of auto parts and metal stamping; and remote aircraft systems manufacturer Volatus Flight Systems Inc.