[Get Inspired] Latest Investments in Ontario-based Businesses
Yes, many Canadian companies do get Government financing on a regular basis.¬ Here are some recent examples of those who got Government contributions, including the client we worked with ūüôā¬
Vaughan Aerospace Manufacturer,¬†Dishon Limited, will receive a FedDev Ontario investment of up to $3 million to expand production at the Vaughan facility and create up to 60 new full-time equivalent jobs. This repayable contribution, through the Investing in Business Growth and Productivity¬†initiative, will allow Dishon Limited to invest in state-of-the-art machinery to increase competitiveness, diversify its customer base and pursue growth opportunities in both current and new global markets.¬ More hereAlso, Ontario is partnering with Guelph Manufacturing to invest in new equipment and expand its capabilities.¬†Guelph Manufacturing specializes in welding, metal stamping, and tube and wire forming for the automotive sector. With a grant of $874,800 from the province through the Southwestern Ontario Development Fund, the company is investing more than $8.7 million to increase its manufacturing capabilities.¬†This expansion will allow Guelph Manufacturing to offer larger parts, improve production efficiency to become more competitive, and develop in-house design engineering capabilities to better meet client needs.¬ More hereAnother one, Direct Coil Inc., a heat transfer product manufacturer in Millhaven Ont., is¬†investing $2.6 million in new equipment and expanding its business¬†with the help of Ontario government.¬†The Eastern Ontario Development Fund¬†is contributing an additional $268,600.¬†Direct Coil designs and manufactures heating and cooling coils found in furnaces, air conditioning and refrigeration equipment.¬†The investment in new equipment will increase Direct Coil‚Äôs production capabilities, reduce lead times to meet consumer demands and create 20 new jobs.¬ More here
How did these¬†companies¬†get Government financing? Usually it happens this way: they learn about government funding programs, choose appropriate¬†ones for their projects, check eligibility and prepare application packages.
Make your way to government funding by simply contacting us and we’ll guide you on that way.¬†¬