QUICK FACTS
- Townsend Butchers Inc. project: Ontario is investing $377,135 from the Southwestern Ontario Development Fund, supporting an additional investment of $3,385,653 from Townsend Butchers. The project will create 10 new jobs, help to retain 14 existing positions, and is expected to be completed by July 31, 2020.
- Toyotetsu Canada project: Ontario is investing $1,177,500 from the Southwestern Ontario Development Fund, supporting an additional investment of $28,260,800 from Toyotetsu Canada. The project will create 26 new jobs, help to retain 595 existing positions, and is expected to be completed by March 31, 2020.
- Since 2013, the Southwestern Ontario Development Fund and Eastern Ontario Development Fund have helped to create and retain approximately 40,600 jobs and attracted approximately $2 billion in investment. The funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its own resources.
- Ontario is accepting applications for the Southwestern Ontario Development Fund from qualified businesses that are growing and creating jobs. Sectors eligible for the fund include advanced manufacturing, food processing, life sciences, information and communications technology, tourism and cultural industries.
- Ontario’s five-year, $650-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale up and modernizing regulations for businesses.
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