Ontario Welcomes $5,425,500 Manufacturing Investment
Essex County – The Ontario government is supporting an investment of $5,425,500 by Essex Topcrop Limited to boost local manufacturing and create 7 new good-paying jobs. As part of this investment, the government is providing Essex Topcrop with $500,000 in funding through the Regional Development Program’s Southwestern Ontario Development Fund.
This funding was announced today by Anthony Leardi, Member of Provincial Parliament for the riding of Essex.
“Our government is building a strong Ontario and strengthening the economy by supporting key investments in communities like Essex,” said MPP Leardi. “Essex Topcrop’s investment will grow local manufacturing and create more good-paying jobs for workers and families in Essex.”
Essex Topcrop is investing $5,425,500 to expand its warehousing and manufacturing facilities to enhance productivity through increased automation and capacity in Essex, creating 7 new jobs and retaining 25 jobs. This exciting new project will help Essex Topcrop launch new specialty products, enter new markets, and effectively compete in the US dominated wild bird and specialty pet food industry.
“We are thankful to receive this grant from the Ministry of Ecomonic Development to boost the investment we are making in our manufacturing. This will allow us to continue to compete in the Canadian market in a cost-effective manner, grow our Ontario based customer base and provide a springboard for our export market initiatives” said Craig Brummell, President and CEO.
Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to strengthen the advanced manufacturing sector and help meet regional needs. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.
Since 2019, the Province has provided more than $89 million in support of 82 projects through the Regional Development Program, leveraging more than $911 million in new investments and helping create more than 1,800 jobs in the province.
“Our government is proud to support local manufacturers across the province as they grow and create more good-paying jobs in their communities,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Investing in these types of community-building projects will help us continue to build Ontario and strengthen the economy. We thank Essex Topcrop for making a significant impact in their community and for contributing to our province’s dynamic and growing manufacturing sector.”
QUICK FACTS
- As part of the 2023 Ontario Budget, the government is proposing a new Ontario Made Manufacturing Investment Tax Credit, which would provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.
- The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support through the Eastern Ontario Development Fund and Southwestern Ontario Development Fund and guided access to a range of complementary services and supports.
- The government recently launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It will support Ontario advanced manufacturers to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness and growth, and to create, retain and bring jobs back to every region of the province.