VARS: The Ontario government is supporting an investment of $25.5 million by local businesses to help strengthen domestic manufacturing and attract investment in the Ottawa region.
The province is investing over $3.8 million in four Ottawa businesses through the Regional Development Program that will help create 63 jobs and retain 141 jobs in the area.
Vic Fedeli, Minister of Economic Development, Job Creation and Trade said: “These projects will make a significant impact in our Eastern Ontario communities and economies. They will enable long-term measurable outcomes, including private-sector investments, job creation and retention, and strong regional growth.”
Beau-Roc Inc. is building a second facility to manufacture dump bodies for dump trucks in a $12-million project. Ontario is investing $1.8 million from the Eastern Ontario Development Fund to support Beau-Roc’s project.
Founded in 1985, the company manufactures premium dump bodies for a wide range of customers and applications across Canada and the United States. Ontario is also investing in three other Ottawa companies: Lumibird Ltd. is investing $7.3 million (eligible project costs) in facility upgrades and new equipment, as well as boosting its R&D work for the company’s light detection and ranging technologies (LIDAR).
Ontario is providing $1.09 million from the Eastern Ontario Development Fund to the company which specializes in laser technologies. LTR Industries (Ottawa) Ltd. is expanding its millwork production facilites to compete for larger contracts and grow its business.
This $5.2 million project is supported with $780,000 from the Eastern Ontario Development Fund, which will help to create 17 jobs and to retain 31 positions. LTR Industries supplies commercial millwork to the general construction industry.
KB Media Corp. is building expanded, consolidated premises for the design and production of its print media, signage, wraps, and web services. This $898,000 project is being supported with $134,700 from the Eastern Ontario Development Fund. This investment will create seven jobs and help to retain 10 positions.
KB Media Corp, which was founded in 2009, offers a one-stop shop to help companies design and manage their corporate branding. Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges.