Fedeli Announces Funding to Support Local Businesses in Brantford Area

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Wednesday, 28 July 2021 09:52

The $2.4 million in funding will help four local businesses in the Brantford Area to create 38 new jobs and retain 95 jobs in the area.

BRANTFORD - The Province announced $2.4 million in funding for small businesses in Brantford today.

Minister of Economic Development Job Creation Vic Fedeli says the government is supporting an investment of $25 million by local manufacturers to help strengthen domestic manufacturing and attract investment in Brantford.

"As Ontario turns the corner on this pandemic, one of our top priorities is supporting economic growth across all regions of the province. 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."

The Brantford-area investment will help four local businesses and help to create 38 new jobs and retain 95 jobs in the area.

MPP for Brantford-Brant Will Bouma says this is good news for his community.

"This is good news for Brantford, southwestern Ontario and the whole province. It is more important now than ever to make sure our local businesses have the support they need to invest, grow and attract talent."

You can read more about the investments below:

Brantford-based Grissin Bon is investing nearly $6 million to expand its food manufacturing facility by 26,000 square feet and add a new production line that will help the company enter a new segment of the bakery market and diversify its customer base. With $885,900 from the Southwestern Ontario Development Fund, they are creating 15 new jobs and retaining 20. The investment will allow the company to purchase new equipment to help expand its product offerings from breadsticks to other baked items.

Synergy Mouldworks is investing $3.5 million to expand its facility by 9,000 square feet, purchase new equipment, and increase capacity in research and development. With $500,000 from the Southwestern Ontario Development Fund, they are creating 5 new jobs and retaining 14,. With Ontario’s support, the company will optimize production efficiencies and innovation to enter into new markets. Synergy Mouldworks is a manufacturer of custom injection moulds for diverse markets including automotive, medical, pharmaceutical and consumer goods.

Rembos is undertaking a $5.5 million investment in facility and infrastructure upgrades. Ontario is investing $500,000 from the Southwestern Ontario Development Fund which will allow the company to increase overall production by 50 percent, increase efficiencies, develop new products and enter new markets. This investment will create 8 new jobs and retaining 36. Rembos is a wood products remanufacturer that creates high-grade wood from lumber mill seconds, including specialty trim, wall studs, fencing and pallet and truss components.

Elastochem Speciality Chemicals is investing over $10 million with $500,000 from the Southwestern Ontario Development Fund 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. The company is creating 10 new jobs and retaining 25 with this investment. Elastochem specializes in polyurethane products for the construction industry.