Ontario is one of the most ideal provinces in Canada to grow small and medium-sized businesses. The diverse and well-established economic landscape enables companies to scale quickly, and government incentives such as the Southwestern Ontario Development Fund (SWODF) can offset a portion of expenses for strategic growth projects. The Southwestern Ontario Development Fund was created…
DESCH Canada Ltd. is a Cambridge, Ontario-based automotive manufacturing company that makes and distributes industrial machinery parts such as crankshafts, gearboxes and clutch and brake combinations. Headquartered in Arnsberg, Germany as DESCH Antriebstechnik CmbH & Co, KG, this international company is a market leader and global distributor that values teams and tradition, while fostering innovation….
Ontario has partnered with four companies in the Stratford and Perth County to support funding for facility expansion and to purchase equipment. As a result of these business expansion projects, 71 new jobs will be created and will support the long-term retention of another 610 jobs. The Southwestern Ontario Development Fund provides up to 10-15%…
The Sodecia Group was founded in Portugal in 1980 and has since become a full-service supplier of automotive chassis and powertrain components, and designer of highly-automated assembly systems. Sodecia works with 12 of the world’s major original equipment manufacturers (OEMs) and maintains multiple facilities in London, Ontario. To keep up with the demand for innovative…
Toyotetsu Canada is an automotive parts manufacturer that develops body, chassis, and functional parts for Toyota vehicles. With operations in Simcoe, Ontario, Toyotetsu Canada is an integral member of Toyota’s supply chain. The parts produced at this facility supply Toyota’s assembly facilities in Cambridge and Woodstock, Ontario, where the Lexus RX and RAV4 models are…
The Government of Ontario has awarded over $1.8 million in government grants to support two large-scale business expansion projects in Welland, Ontario. The investment will allow Hydac Corporation and Northern Gold Foods to grow their operations and provide a greater contribution to the local economy. The manufacturers will receive funding through the Southwestern Ontario Development…
The Government of Ontario recently awarded over $3 million in business expansion grants to support 10 growth and development projects within the Windsor-Essex region. The investment will help 10 local manufacturers offset large-scale capital investments that will allow the companies to increase capacity, improve productivity, and boost competitiveness. The contribution be provided through the Southwestern…
Guelph Manufacturing Group has been awarded $875,000 in Ontario small business grants to execute its latest project. The business will use Ontario government funding to purchase new equipment and expand its workforce to increase company capabilities; by doing so, it will meet consumer demands better, improve productivity, and boost international competitiveness. The contribution will be…
London, Ontario manufacturer, Armo-Tool, has been awarded up to $611,600 in small business grants to support facility infrastructure upgrades. The investment will allow Armo-Tool to construct a 20,000 sq. ft. expansion and purchase new equipment to fill it, helping the manufacturer to boost production capacity and become more innovative. The Government of Ontario will provide this investment through…
Ontario’s economy is expected to achieve a 3% growth in GDP based on the province’s performance this year. Previous growth projections expected a 2.6% increase to the province’s GDP, however favourable conditions enabled businesses to increase their competitiveness and drive sales, both domestically and internationally. This is just one of the many trends identified in…