FedDev Ontario recently announced that it will provide local manufacturer, Stanpac, Inc., with a $4.5 million investment through the Investing in Business Growth and Productivity (IBGP) program. This Ontario government funding will help Stanpac expand its manufacturing operations in Smithville, Ontario. The expansion project, which is estimated to cost a total of $45.6 million, will allow…
Dajcor Aluminum Ltd. is a leading manufacturer of extruded and fabricated metal components. Their products are used among the automotive, renewable energy, military, construction, marine, and indoor plumbing industries. Since being established in 2010, the company has invested significant resources to its expansion and now supports over 150 employees. Dajcor recently received a repayable contribution…
The Georgian Angel Network is a non-profit organization comprised of angel investors. The group provides expert knowledge and resources to support innovative tech startups in central Ontario. FedDev Ontario’s Investing in Business Innovation (IBI) program recently provided the Georgian Angel Network with a $300,000 federal investment. The organization will use this amount to attract 18…
The Federal Economic Development Agency for Northern Ontario (FedNor) recently announced support for six northern Ontario infrastructure projects. Up to $377,800 in Canadian government grants will be provided to northern Ontario municipalities and First Nations communities completing critical infrastructure projects. These investments are result of the federal government’s Canada 150 Community Infrastructure Program (CIP 150)….
Brotech Precision CNC is a custom manufacturer of Computer Numeric Control (CNC) precision-machined metal components. Since 1995, the company has been a valued supplier to some of the world’s most innovative businesses in the aerospace, medical, military, and the energy industries. The manufacturer was recently announced as recipients of Ontario government funding through the Southwestern…
Two manufacturers, Hammond Manufacturing Company and Ontario Drive & Gear Limited, will receive government funding valued up to $6.6 million to expand their operations. This government funding, among other benefits, will help the two businesses to purchase new, innovative technologies and train their employees on how to best use the equipment. By receiving Ontario government…
Please Note: The Early Stage Exporters program is no longer accepting applications. Please explore the Export Market Access (EMA) program for exporting grants. Administered by the Ontario Chamber of Commerce (OCC) and FedDev Ontario, the Early Stage Exporters program is a variant of the Export Market Access Ontario government funding initiative to help fund key international marketing…
Please Note: IBGP is closed. Please consider the Business Scale-up and Productivity program for similar support. Southern Ontario businesses have a variety of options available to assist with business expansion and growth initiatives. One of the most popular choices for small and mid-sized companies in the region is FedDev Ontario’s 0% interest small business loan, Investing in…
Essar Steel Algoma is a northern Ontario steel manufacturer operating from Sault Ste. Marie, Ontario. Their products, including rolled sheet and plate metal, service customers in a variety of automotive, manufacturing, construction, and energy industries. Essar Steel has recently been announced as the recipients of $60 million in Canadian government funding, which will provide capital…
Administered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Investing in Business Innovation (IBI) offers small business loans to assist high growth, innovative startups and early-stage businesses in commercializing new products, processes, and technologies. Southern Ontario businesses with private funding that require additional cash flow can use IBI to help accelerate late-stage…