FedDev Ontario Invests in Brantford Manufacturer
October 28, 2016 – Brantford, ON – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
To be competitive, businesses need to bring their innovative products to market. This repayable contribution of $2.3 million, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) Investing in Business Growth and Productivity initiative, will assist Ontario-based custom steel products manufacturer Cambridge Pro Fab Inc. to purchase and implement automated equipment to increase production capabilities and expand its presence in the American natural gas and coal retrofit markets.
The investment was announced by Bryan May, Member of Parliament for Cambridge, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.
The City of Brantford and its residents will benefit from jobs and economic growth as a result of this investment. The project will also allow Cambridge Pro Fab Inc. to increase its raw material orders from existing southern Ontario suppliers, as a result encouraging job creation and stability in the Ontario raw materials supply sector.
The Government of Canada's Innovation Agenda aims to make Canada a global centre for innovation – one that creates jobs, drives growth across all industries and improves the lives of all Canadians. Today's investment in Cambridge Pro Fab Inc. is a prime example of that vision in action.
"Communities like Brantford are home to dynamic and competitive manufacturers. Today's investment will help Cambridge Pro Fab Inc. to increase production, become more competitive in global markets, and create more high-quality jobs right here in Brantford."– Bryan May, Member of Parliament for Cambridge
"Our Government is committed to positioning Canada as a global centre for innovation – one that creates well-paying jobs for working Canadians while also helping to foster a thriving middle class, drive growth across all industries and improve the lives of Canadians. Innovative manufacturers like Cambridge Pro Fab Inc. continue to be an important part of Canada's strong and vibrant economy. Today's announcement is another example of our support of a vital sector that Canadian families rely on."– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
"Canadian Government investments allow local manufacturers to utilize modern technologies and continue to be competitive with ever increasing pressure from global competition in the natural gas, power and pollution control industries. Cambridge Pro Fab has been part of the Brantford community for over 18 years, and with this type of investment we are well positioned for new job opportunities and future growth within the region."– George Figueiredo, President, Cambridge Pro Fab Inc.
- Founded in 1988, Cambridge Pro Fab Inc. manufactures custom steel products for the exhaust and pollution control systems of oil production and power generation industries.
- This project is leveraging an additional $7 million in private sector funds to assist in financing a total project cost of approximately $9.3 million to fund improvements to the Brantford facility and purchase capital equipment. It is expected that 30 new full-time positions will be created by 2019.
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