FedDev Ontario Announces Support for Innovative Manufacturers in Guelph and New Hamburg
Backgrounder
March 15, 2016
The Government of Canada is committed to helping manufacturers become more innovative, competitive and successful. To this end, it is providing up to $6.6 million, through FedDev Ontario's Investing in Business Growth and Productivity (IBGP) initiative, to two manufacturers located in Guelph and New Hamburg, to support productivity improvements, job creation and exports to global markets.
| Recipient | Project Description | FedDev Ontario Contribution (up to) |
Anticipated Number of Jobs to be Created by Project | Leveraged Funding |
|---|---|---|---|---|
| Hammond Manufacturing Company Limited | Established in 1917 and headquartered in Guelph, Ontario, the Hammond Manufacturing Company manufactures electrical products and enclosures including power bars. The company also operates in Waterloo, Aberfoyle and Buffalo, New York and has sales and distribution centres in export markets including the U.S., U.K. and Australia. Funding will support the purchase and installation of new advanced equipment, including an environmentally-friendly paint line; process improvements; and facility modifications at the company's new and existing facilities in Guelph. |
$3,461,500 Total project cost: |
55 full-time equivalent jobs created and 50 jobs maintained | This funding leverages a $1.5-million investment from the provincial government and $10.1 million in private sector investment. |
| Ontario Drive & Gear Limited | Founded in 1962 in New Hamburg, Ontario, Ontario Drive & Gear designs, tests and manufactures quality gears, transmissions and vehicles. It is a key supplier for automotive, industrial and defence industries. Funding will support the acquisition of state-of-the-art equipment and the expansion of its engineering department and new Gear Division product lines. |
$3,143,000 Total project cost: |
60 full-time equivalent jobs created | This funding leverages a $1- million investment from the provincial government and $8.4 million in private sector investment. |
Previous FedDev Ontario Third-Party Funding
Third-party programs are delivered by organizations that have received direct funding from FedDev Ontario.
Additional information on third-party programming can be found on FedDev Ontario's Programs webpage.
| Recipient | Program | Project Description | Amount Received |
|---|---|---|---|
| Hammond Manufacturing Company Limited | CME SMART Advanced Technologies for Global Growth | To acquire and implement a new press brake which is expected to increase productivity at the company's Edinburgh Road location in Guelph. | $100,000 (2015) |
| Hammond Manufacturing Company Limited | Yves Landry Foundation, Achieving Innovation in Manufacturing Excellence | To support skills development training. | $49,050 (2015) |
| Ontario Drive & Gear Limited | Yves Landry Foundation, Achieving Innovation in Manufacturing Excellence | To support an internal training initiative. | $38,182 (2012) |
| Ontario Drive & Gear Limited | CME SMART Prosperity Fund | To purchase capital equipment and develop export markets. | $50,000 (2009) |
Investing in Business Growth and Productivity Initiative
The Investing in Business Growth and Productivity initiative is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
Funding is available to:
- Grow established businesses through facility expansion or improvements;
- Increase business adoption of new technologies and processes to improve productivity; and
- Increase business capacity to participate in global markets, diversify markets and integrate in global value chains.
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Hon. Navdeep Singh Bains Hon. Bardish Chagger Federal Economic Development Agency for Southern Ontario Economics and Industry
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