Government of Canada invests in new technologies to support Windsor manufacturer

From: Department of Finance Canada

News release

Thanks to the federal government, NextGen Mold Technologies can invest in advanced machining technology and automation to unlock new opportunities

 

March 6, 2026 – Windsor, Ontario – Department of Finance Canada 

Canada has one of the most productive and innovative automotive sectors in the world, supported by a highly skilled workforce, a strong industrial base, and decades of leadership in advanced manufacturing.

To sustain that leadership, the Government of Canada is focused on supporting the suppliers and manufacturers who form the backbone of this sector—helping them navigate tariff pressures, strengthen their operations, and enhance competitiveness in a rapidly evolving global market. Canada’s mold and machining industries are a key component of this.

Today in Windsor, the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), visited NextGen Mold Technologies to learn about its advanced machining technology that specializes in the manufacturing of plastic injection and compression molds. While there, the Secretary of State announced a recent investment by the government of up to $700,000, through the Regional Tariff Response Initiative, to help the company modernize its advanced machining and automation technology. Through this investment, NextGen Mold Technologies will be able to enhance its manufacturing capabilities and efficiency. This project will support market diversification and strengthen the economies of Ontario and Canada, including supporting many sectors, including our auto industry.

The Government of Canada’s new auto strategy, launched by the Prime Minister, will ensure a stronger, more sustainable, more independent economy built on the solid foundation of strong Canadian industries and bolstered by diverse international trade partners. It contains strategic measures, including the investments through the Regional Tariff Response Initiative, to support businesses impacted by tariffs across all affected sectors, including those in the automotive sector.

Funding for this project will come from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Through investments like these, the Government of Canada is protecting Canadian workers, reinforcing the competitiveness of Canadian businesses, and building the strongest economy in the G7.

Quotes

“Tariffs, trade shocks, and intensifying geopolitical risks have thrust economies into uncertainty. Canada is in no way immune to these challenges. But despite the turbulence beyond our borders, there is still so much that we can do to build a stronger Canada from within and bolster our own industries. The Government of Canada is supporting workers and businesses by making strategic investments like this one in NextGen Mold Technologies. This investment is one of many to strengthen Canada’s economic foundation, enhance supply chains that support key industries like our auto sector, and help businesses become more competitive, create jobs, and drive long-term growth.”

- The Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions)

Quick facts

  • Through the Regional Tariff Response Initiative (RTRI), the Government of Canada will provide $1 billion to businesses impacted by tariffs so they can diversify their markets, create new revenue sources, and adopt innovative technologies to boost competitiveness.

  • FedDev Ontario is delivering RTRI in southern Ontario. Visit the website to apply.

  • The RTRI is part of a broad set of tariff support measures, including the Large Enterprise Tariff Loan Facility, the Business Development Bank of Canada’s Pivot to Grow initiative, and support for the steel sector through the Strategic Response Fund, as well as the enhancements to the Work-Sharing Program. Together, these efforts demonstrate a commitment to reinforcing Canada’s industrial strength and defending good jobs across the country.

  • Founded in 2021, NextGen Mold Technologies has rapidly become a leading player in the mold industry.

  • Canada’s auto sector supports over 500,000 workers, contributes over $16 billion annually to Canada’s GDP, and is one of the country’s largest export industries. In 2025, Canada produced over 1.2 million passenger vehicles.

Associated links

Contacts

Media may contact:

Luca Bonifacio-Proietto
Press Secretary
Office of the Secretary of State (Canada Revenue Agency and Financial Institutions)
luca.bonifacio-proietto@fin.gc.ca

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

General enquiries

Phone: 1-833-712-2292
TTY: 613-369-3230
E-mail: financepublic-financepublique@fin.gc.ca

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2026-03-06