The Ontario government is welcoming an investment of $4,309,216 by Ganawa Company to boost local manufacturing and create 15 new well-paying jobs in the Riding of Durham.
The investment in Bowmanville in the Municipality of Clarington, was announced yesterday by Todd McCarthy, Member of Provincial Parliament (MPP) for Durham.
With this investment, Ganawa’s management team plans to reconfigure the existing equipment, reshore the manufacturing of strip seal retainers from the U.S. used in bridge construction across Canada and invest in advanced equipment. This includes a robotic laser material processing system, a welding robot, and a 5-axis CNC milling centre (the ‘project’).
In support of this investment, the government is providing Ganawa Company with $646,382 in funding through the Regional Development Program’s ‘Driving Innovation and Growth through Technology Integration, Skilled Labour Hiring and Reshoring’.
“This investment will allow us to help build a stronger ‘Made in Canada’ supply chain and contribute to the provincial government’s Build Ontario Plan” said Mark Philpott, of Ganawa.
“By supporting strategic investments from regional businesses, our government is protecting Ontario’s workers and creating the conditions for a strong, stable, and resilient economy that can weather any storm,” said McCarthy. “Ganawa’s investment will support growth and innovation across the local manufacturing sector and create more well-paying jobs for workers and families in Bowmanville.”
Quicks Facts
• The government launched the Regional Development Program (RDP) for eastern and southwestern regions of Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
• In 2022, the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the RDP was launched to support advanced manufacturers across the province. Ontario is now providing additional funds to enhance the AMIC stream that will help more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.
• The government continues to provide tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses.
• Additionally, Ontario has launched a new $150 million Ontario Together Trade Fund to assist local businesses in taking advantage of new interprovincial trade opportunities.
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