Government of Canada invests to create jobs and support economic growth for manufacturer in Lakeshore
News release
FedDev Ontario invests $5 million in CapsCanada® Corporation to expand capacity and create 50 jobs
January 16, 2023 – Lakeshore, Ontario
Providing the tools and support that local manufacturers need to grow and succeed is a top priority for the Government of Canada. We are investing in the potential of businesses so they can scale-up and seize new economic opportunities to thrive well into the future.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Irek Kusmierczyk, Member of Parliament for Windsor–Tecumseh, announced $5 million for CapsCanada® Corporation (CapsCanada®), through the Community Economic Development and Diversification stream, to automate production and meet the growing demand for its made-in-Canada products.
Located in Lakeshore, Ontario, CapsCanada® produces high-quality capsules used for dietary supplements and pharmaceuticals. This investment will support CapsCanada® in growing its facility by 14,100 square feet. It will also allow the company to purchase the equipment needed to produce a wider variety of capsule sizes. Supporting CapsCanada® as it rises to meet growing demand for its Canadian made capsules is why investments like this are so important. Our government will continue investing in the potential of strong businesses so they can contribute to our growing economy.
As major employer in the region, with nearly 170 staff, the company will create an additional 50 highly skilled jobs in the manufacturing sector through this project.
The Minister and MP Kusmierczyk then joined in a roundtable discussion with local businesses and organizations at the Ford Centre for Excellence in Manufacturing at St. Clair College, where they discussed how businesses in the region can be supported so they can realize their potential and help make Canada a leader in the industries of tomorrow.
Quotes
“Investments into the potential of growing Canadian manufacturers like CapsCanada®, lead to good jobs and a growing economy. With support from the Government of Canada, they will strengthen Canada’s pharmaceutical supply chain, drive growth for the local economy in Windsor-Essex and creates 50 good jobs for Canadians.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
“This is great news for the Essex Region. CapsCanada® Corporation will now be able to expand its production capacity to meet the growing demand for their products and create 50 highly skilled jobs locally.”
– Irek Kusmierczyk, Member of Parliament for Windsor–Tecumseh
“This funding support from FedDev Ontario will help CapsCanada® Corporation continue to grow our capacity and increase our product offering in our efforts to bolster our market share and service the growing demand in both Canada and the US for HPMC capsules.”
– Tom Breshamer, General Manager, CapsCanada® Corporation
Quick facts
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Founded in 2001 with a global clientele, CapsCanada® is the only manufacturer in Canada, and one of three manufacturers in North America, with the capabilities to produce two-pieced hard-shell capsules.
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CapsCanada®’s popular HPMC capsules are a vegetarian alternative to gelatin capsules,and also certified by Vegan Society which are widely used in the nutrition and pharmaceutical industries.
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The Community Economic Development and Diversification (CEDD) stream aims to generate sustainable, inclusive growth and help small and rural communities in southern Ontario to fully participate in, and benefit from, economic opportunities.
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Since 2015, the Government of Canada, through FedDev Ontario, has invested over $817 million in nearly 600 manufacturing projects across southern Ontario, creating over 10,000 jobs and maintaining nearly 20,000 jobs.
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Since 2015, the Government of Canada, through FedDev Ontario, has invested over $110 million in more than 130 projects in the Essex census division, estimated to create over 2,000 jobs and maintain over 5,500 jobs.
Associated links
Contacts
Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
edward.hutchinson@feddevontario.gc.ca
Media Relations
FedDev Ontario
feddevontariomediarelations-relationsmedias@feddevontario.gc.ca
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