$4.5M SWODF Funding Win Creates 50 New Jobs
Golden Windows Ltd., a local window and door manufacturer in Kitchener, is set to embark on a major expansion, thanks to a $30 million investment that includes $4.5 million from the Ontario government. This funding is part of the Southwestern Ontario Development Fund (SWODF), a key initiative aimed at fostering economic growth in the region. The company’s expansion will not only bring new opportunities to the local workforce but also support high-rise construction in Toronto, marking an exciting chapter for Golden Windows.
New Facility and Job Creation
Golden Windows’ expansion will include a brand-new 240,000-square-foot facility at 300 Bridge Street East in Kitchener. The new site will replace their current location on 888 Guelph Street and is set to bring cutting-edge advancements to their manufacturing processes. As part of this growth, 50 new jobs will be created, offering employment opportunities in the region.
“In this high-interest rate environment, this access to capital will allow us to take our production processes to the next level of automation, efficiency, and quality.”
Paul Kreutner, President of Golden Windows Ltd.
The new facility will support the company’s entry into new product lines geared towards high-rise construction in Toronto, further positioning Golden Windows as a key player in Ontario’s manufacturing industry.
Southwestern Ontario Development Fund (SWODF)
The provincial contribution of $4.5 million comes from the Southwestern Ontario Development Fund (SWODF), which is part of Ontario’s Regional Development Program (RDP). The SWODF program is designed to encourage business investment in southwestern Ontario, create jobs, and enhance productivity and innovation. By providing financial support for expansions like Golden Windows’, the SWODF program helps businesses modernize their operations, expand their markets, and create long-term economic benefits for local communities.
Golden Windows’ expansion is an example of how the SWODF program is fostering growth within Ontario’s manufacturing sector. The company’s investment not only supports local jobs but also brings innovation to the building materials industry, strengthening the region’s economic resilience.
If your Ontario business is planning to expand or invest in new capital, the Southwestern Ontario Development Fund (SWODF) can provide between $500K and $5M in government funding. However, the application process for the Regional Development Program (RDP) can be lengthy, and competition for funding is high. To maximize your chances of success, we recommend reaching out to us as early as possible for expert guidance and support.
Government Support for Ontario Manufacturers
During Thursday’s announcement, Ontario’s Minister of Economic Development, Job Creation and Trade, Vic Fedeli, highlighted the government’s dedication to supporting manufacturers and creating jobs. He noted that Ontario is the nation’s manufacturing leader, and new investments from local manufacturers show that the government is creating the ideal conditions for growth and well-paying jobs for the province’s skilled workforce.
Golden Windows’ expansion is a testament to the provincial government’s ongoing efforts to support businesses and create sustainable jobs in southwestern Ontario. Through initiatives like SWODF, the government is ensuring that local manufacturers have the resources they need to grow, innovate, and remain competitive in today’s economic landscape.
Looking Forward
With the support of SWODF and the Ontario government, Golden Windows Ltd. is poised to thrive in the years ahead. The company’s new facility expanded product lines, and commitment to automation and efficiency are set to strengthen its position in the market while contributing to the local economy. As Kitchener welcomes 50 new jobs, the region will continue to benefit from investments that drive growth and innovation, ensuring a bright future for Ontario’s manufacturing sector.
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