Ontario Invests in Businesses in the Cornwall RegionAugust 5, 2021
Cornwall Ontario – The Ontario government is supporting an investment of over $20 million by local manufacturers and agri-food businesses to help strengthen domestic manufacturing and attract investment in the Cornwall area.
The province is investing nearly $3 million in three Cornwall-area businesses through the Regional Development Program that will help create 42 jobs and help retain almost 250 jobs.
“Our government’s top priority throughout the pandemic has been protecting the province’s health and protecting our jobs and economy,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “These projects will make a significant impact in communities and economies in Eastern Ontario. They will enable long-term measurable outcomes, including private-sector investments, job creation and retention, and strong regional growth.”
- Ross Video is investing $15 million in a 55,000-square-foot facility expansion to build space for two major production lines in Iroquois. With $2.25 million from the Eastern Ontario Development Fund, the company is creating 30 jobs and retaining 215. This investment will assist in the expansion of Ross Video’s Iroquois facility, help them purchase new equipment, and scale up local manufacturing by consolidating operations from other locations to accommodate recent international acquisitions. Ontario’s investment will also increase production efficiencies and innovation and expand sales into new markets. Since 1974, Ross Video has been designing, marketing and manufacturing a wide range of products for use in broadcast, distribution, live event and production applications. The products are found in over 100 countries and are used to produce and distribute video and audio signals.
- Sevita International is investing over $3.6 million to build a new soybean processing facility in Inkerman, which will be uniquely designed to allow the processing and packaging of both seed and food-grade soybeans in the same plant. Ontario is investing $500,000 from the Eastern Ontario Development Fund which will support Sevita to create seven jobs and retain 28. With this investment, Sevita will grow its seed business in Eastern Ontario by about 50 per cent. The state-of-the-art plant will lower production costs and improve quality.
- Fortier Stark Industrial is investing $1.5 million to construct a new facility in Winchester and purchase equipment to increase production capacity and sales into new markets. With $225,000 from the Eastern Ontario Development Fun, the company is creating five jobs and retaining another five. With this investment, the company will manufacture and clean stainless steel tanks and process piping skids for the food, dairy and beverage industry. The company provides custom fabrications, designs and builds. It also specializes in high-pressure pipe welding and fabrication, mobile welding and millwright services.
“Ontario’s government is committed to supporting the full recovery of businesses in all regions,” said Jim McDonell, MPP for Stormont-Dundas-South Glengarry. “These important investments are creating a path forward for many kinds of businesses. They all have at least one thing in common – developing the best products and services in the world.”
- 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 (EODF) and guided access to a range of complementary services and supports.
- Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and plan for long-term sustainability and growth.
- The next application period for the Eastern Ontario Development Fund is July 28 – September 10, with funding decisions being announced on December 8, 2021.