Home Manufacturer fund Ten Sudbury-area businesses will share $ 4.2 million in provincial funding

Ten Sudbury-area businesses will share $ 4.2 million in provincial funding

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Government says funding will create 55 jobs

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The Ontario government is providing more than $ 4.2 million to help 10 Sudbury-area businesses purchase new equipment and expand their operations in the Sudbury-area.

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The province said the funding will support economic diversification and growth and create about 55 jobs in northeastern Ontario.

“Supporting entrepreneurs and small and medium-sized business owners in northeastern Ontario has never been more important,” Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry said Thursday. .

“Business growth is the key to the health of economies and regional communities. With this funding, our government continues to strengthen economic diversification and job creation in the North.

The people who receive money through the Northern Ontario Heritage Fund Corporation are:

– $ 1 million for Rezplast Manufacturing Ltd. in Sudbury to expand its production plant and purchase new equipment.

“The investment and support from the Ontario government has allowed us to expand our operations into a larger and more modernized facility. With funding from NOHFC, Rezplast Manufacturing was able to increase production and add new in-house manufactured products for export around the world, ”said Sandro Spadafora, Vice President of Operations, Rezplast Manufacturing Ltd.

“We are excited and happy to announce these new opportunities, and new product offerings have already resulted in contracts and we anticipate the need to double our staff to meet the new demand, as well as to maintain our current services. “

– $ 1 million for Diesel Electric Services in Sudbury for the construction of a new facility, the expansion of its track infrastructure and the purchase of new equipment.

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– $ 856,647 to Lecoupe Ice for the renovation of its facilities and the purchase of equipment to merge its commercial activities.

– $ 400,000 for CCM Group Management Ltd. and Metex Manufacturing Ltd. to Lively for the construction of a new facility and the purchase of new equipment to expand its activities.

“The investment from the Ontario government has allowed us to build a new, larger facility to support our growing business, and also allowed us to implement new technologies to expand our manufacturing capacity and create new jobs, ”said Ryan Matusch, president of Metex Manufacturing.

“With this funding from the NOHFC, Metex Manufacturing will be able to offer custom sheet metal and structural steel fabrication services to a more diverse range of customers in Northern Ontario and beyond.

– $ 378,400 for B&E Honey Fields Ltd. in Noëlville to build a new honey storage barn and beekeeping equipment, improve its shipping and receiving area, and purchase more honey boxes and frames to increase production.

“The Government of Ontario has been instrumental in the expansion of our family beekeeping farm,” said Brian Rowaan, President of B&E Honey Fields Ltd. “The funding from the NOHFC has allowed us to grow in the North and remain competitive in the domestic market.

“The NOHFC has allowed us to invest in capital projects knowing that we can borrow funds at very competitive rates. Since working with the NOHFC, we have invested over $ 1 million in Northern Ontario businesses and created two new full-time jobs and five new summer jobs for students.

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– $ 218,300 for Vitto Brand Foods Limited in Sudbury to renovate its facilities and purchase more equipment, and $ 66,400 to help the company create new product lines.

– $ 169,264 for Canarini Designer Kitchens Inc. in Sudbury to purchase new automated equipment to improve efficiency and capacity.

– $ 145,268 for Top Steel Corporation in Val Caron – a manufacturer of overturn protection and falling objects protection structures – for the purchase of equipment and the construction of a test facility,

– $ 33,638 for Old Rock in Sudbury to purchase new equipment to increase the capacity and efficiency of its coffee making.

“The investment from the Ontario government has allowed us to expand and optimize our manufacturing process, from roasted coffee beans to storage, creating a more efficient flow and doubling the storage capacity of roasted coffee beans.” in the same footprint, ”said Carole Roy, co-owner and master roaster of Old Rock Coffee.

“With funding from the NOHFC, Old Rock can now produce more coffee than ever before without needing to expand the building, allowing us to remain agile while fulfilling and shipping orders for our product in Ontario and Canada. in our beloved integrated retail / manufacturing building. “

– $ 22,730 to Land & Sea Aquatics Inc. in Sudbury for the purchase of new equipment and the renovation of its facilities to allow for the expansion.

The Northern Ontario Heritage Fund Corporation has said it promotes economic prosperity across Northern Ontario by providing financial assistance for projects that stimulate growth, create jobs and skills development.

Since June 2018, the fund has spent more than $ 374 million on 3,713 projects in Northern Ontario, leveraging more than $ 1.3 billion in investments and creating or supporting more than 5,500 jobs.

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Twitter: @SudburyStar

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