New Investments Support 980 Jobs in Eastern Ontario

Jobs in Eastern Ontario

Jobs in  Ontario canada
Small Business
Ontario has decided to become a partner of IDS North America, Syntronic Research and Development, Laminacorr, Parmalat Canada, Lockheed Martin, The Township of Edwardsburgh/Cardinal, Xplornet Communications and Whitewater Brewing Company for creating 273 new jobs. Moreover, it will support 710 current positions in the eastern region.
Areas of growth
Syntronic Research and Development Canada is a modern engineering company which specializes in the design and development of products and test systems for many industries. These are located in the electronics, technical and administrative software and electro-mechanics sectors. Furthermore, it will get the support of the Eastern Ontario Development Fund. As a result, Syntronic can purchase new equipment and opt for improving the in-house capabilities. Moreover, it will be able to develop as well as test radio frequency modules for existing and future customers. Presently it has local and global customers.
Partner with many firms
The Province will also be a Partner of Local Businesses and take a lot of measures to increase the Economic Growth.
IDS North America turns out air navigation products and services in the field related to aeronautical and aviation communications. Firstly, by getting the support of the Eastern Ontario Development Fund, it can actually establish a fresh factory for manufacturing advanced airborne antennas which help in satellite communications.
Laminacorr Industries is a company owned by Canada and can produce corrugated plastics. It has a huge presence in North America. Getting the support of the Eastern Ontario Development Fund, it can expand several facilities and also purchase new equipment for increasing productivity in a big way.
Specializes in development
Lockheed Martin of Canada happens to be the security and aerospace company which has a specialization in the development, as well as integration and sustainment of advanced technology systems. It has a unique set of products and services also. Getting the support of the Eastern Ontario Development Fund, it can support its Impact Center for promoting the growth of small businesses in Canada. It can also conduct advanced research.
Parmalat Canada produces a range of quality milk, dairy products, cheese products, fruit juices, and table spreads in local and international brand names. Getting the support of the Eastern Ontario Development Fund, it can opt for improving its production processes. Besides, it can increase its capacity and also produce many new products.
Developing a Township
The Corporation of the Township of Edwardsburg/Cardinal has 7,000 residents. It is a municipality located in the rural eastern Ontario. Getting the support of the Eastern Ontario Development Fund, the town can take up road construction projects as well as related engineering work. This will help in opening a distribution warehouse of Giant Tiger Stores.
Whitewater Brewing Company is the fine brewery located in the Ottawa Valley. Getting the support of the Eastern Ontario Development Fund, it can invest in enhancing its brewing capacity and make some improvement in efficiency.
Xplornet Communications involves the access of broadband internet, and also provides applications and accessories to its commercial and residential customers in rural areas of Canada. Getting the support of the Eastern Ontario Development Fund, it can establish a multi-function facility in Ontario. This will go a long way in supporting the growth of business in Canada.
Mission
Ontario has a plan to support care and believes in creating opportunities. It has the aim to make life affordable in times of rapid economic change and provides high wages and better working conditions, besides free tuition for several students. Having an aim of easy access to affordable child care, there is a supply of free prescription drugs for people of all ages. Moreover, it is planning for a huge expansion of Medicare.
Facts
IDS North America:
Ontario plans to invest $346,100 by using the Eastern Ontario Development Fund(EOD). It will support and invest $11,097,013. This project will create and retain 32 jobs and will complete in January 2022.
Laminacorr Industries:
Ontario will invest $839,847 from the EOD Fund and support an investment of $6,158,883. This project will create and retain 66 jobs and will complete in December 2020.
Lockheed Martin Canada:
Ontario will invest $449,000 from the EOD Fund and support an investment of $4,041,439. This project will create and retain 222 jobs and will complete in January 2020.
Syntronic Research and Development Canada:
Ontario will invest $600,000 from the EOD Fund, and support an investment of $6,157,600. This project will create and retain 227 jobs and will be completed in May 2022.
Parmalat Canada:
Ontario will invest $1,000,000 from the EOD Fund and support an investment of $13,303,277. This project will create and retain 211 jobs and will be completed in March 2017.
The Corporation of the Township of Edwardsburgh /Cardinal: Ontario will invest $399,000 from the EOD Fund, and support an investment of $741,000. Furthermore, this project will be completed in December 2017.
Whitewater Brewing Company:
Ontario will invest $535,600 from the EOD Fund and support an investment of $3,034,400. Furthermore, this project will create and retain 107 jobs and will be completed in January 2022.
Xplornet Communications:
Ontario will invest $235,700 from the EOD Fund and support an investment of $2,120,800. Furthermore, this project will create and retain 138 jobs and will be completed in January 2022.
Future scenario
Ontario will also accept applications for its East Ontario Development Fund from all businesses which are on the path of progress and can create extensive jobs. The Sectors are in advanced manufacturing, life sciences, food processing, tourism, and cultural industries, and information and communications technology.
From 2013, the Eastern Ontario Development Fund has extended support of $55 million. Consequently, it has immensely helped in the creation and retention of 10,000 jobs. The total investments are to the tune of $570 million. It promotes an innovative economy and also helps small companies to modernize their business.

Leave a reply

Your email address will not be published. Required fields are marked *