|BRANTFORD – The Ontario government today said it will invest nearly $2.4 million in four Brantford-area businesses through its regional development program and says it will help create 38 new jobs and retain 95 jobs in the area.
The provincial money is in addition to $25 million in investments coming from local businesses.
“These projects will make a significant impact in their local communities and economies. They will enable long-term measurable outcomes, including private-sector investments, job creation, job retention and strong regional growth,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade, in a press release.
The local projects are:
- Grisson Bon is investing nearly $6 million to expand its food manufacturing facility on Roy Blvd. by 26,000 square feet and will add a new production line that will help the company enter a new segment of the bakery market and diversify its customer base. The company will create 15 new jobs and will allow the company to purchase new equipment to help expand its product offerings from breadsticks to other baked items. It will receive $885,900 from the province. “The project will double food production capacity and offer quality products to Canadian businesses and consumers,” said company CEO Franco Veglio.
- Synergy Mouldworks is investing $3.5 million to expand its Worthington Dr. facility by 9,000 square feet, purchase new equipment, and increase capacity in research and development, creating five new jobs. The company will receive $500,000 from the province.
- Wood products maker Rembos is investing $5.5 million in facility and infrastructure upgrades. The expansion will allow the company to increase overall production by 50%, “increase efficiencies, develop new products and enter new markets,” says the release. This investment will create eight new jobs and the company is receiving $500,000 from the province. “This funding will support Rembos’ export expansion of remanufactured wood products to the eastern and southern U.S., create additional jobs at our Brantford facility (Old Onandaga Rd. E.), and expand our purchasing of Ontario forestry products by almost 200 per cent over the next three years,” said said Glenn Boothe, Rembos vice-pesident and managing partner.
- Elastochem Specialty Chemicals is now investing over $10 million, with $500,000 from province, to expand its product offerings, which are currently focused on sprayed polyurethane foam, to include low/non-combustible and energy-efficient insulation board. This new product would address two key issues facing architects and building designers: achieving a highly efficient thermal wall enclosure while reducing or eliminating fire risk, explains the release. The Easton Rd. company is creating 10 new jobs with this investment. “The 50,000 sq. ft. expansion will allow us to implement newly developed resin manufacturing technology to meet the needs of the construction market for years to come,” said Sam DiLoreto, Elastochem president.
Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support regional priorities and challenges, says the government release.