Government of Canada supports Etobicoke businesses to drive growth and boost competitiveness
News release
August 27, 2026 – Etobicoke, Ontario
FedDev Ontario provides over $6.6 million for five Etobicoke businesses to modernize operations and unlock new opportunities for growth
Etobicoke plays a vital role in Toronto’s economic landscape, supported by a strong industrial base, and a skilled and diverse workforce. The Government of Canada remains committed to supporting businesses in regions across southern Ontario as they grow, innovate, and compete in a rapidly evolving global economy.
Today, James Maloney, Member of Parliament for Etobicoke-Lakeshore, on behalf of the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a combined repayable investment of over $6.6 million to support the growth of five Etobicoke-based businesses: All Wood Fine Interiors, Clear Air Carbon Fiber, Just Vertical, Rawcology, and SWTCH Energy.
As part of this announcement, SWTCH Energy is receiving a $4 million investment to improve its resilience and competitiveness by enhancing its service capabilities to support the deployment of its EV charging solutions, software platforms, and operating models in new markets at home and abroad.
Today’s investments, through the Regional Tariff Response Initiative (RTRI), will help these businesses strengthen domestic manufacturing capabilities, create growth opportunities, mitigate trade disruptions and reinforce regional supply chains. For more information on the businesses being supported, please see the backgrounder.
Earlier this week, the Government of Canada introduced a $7.5 billion package of new and expanded measures that deliver fast, simple and agile supports to Canadian workers and businesses, building on the nearly $25 billion in supports the government has provided since the implementation of the U.S. tariffs.
As part of this package, the Government of Canada is investing an additional $1.5 billion in RTRI, delivered by Canada's seven Regional Development Agencies, to help businesses respond to tariff pressures.
The Government of Canada is committed to supporting businesses and workers to enhance competitiveness, build resilience, and drive long-term economic prosperity across Canada.
Quotes
“The Government of Canada is committed to supporting businesses and workers across southern Ontario as they address challenges related to tariffs, supply chains, and changing trade conditions. Today’s investment for these five businesses in Etobicoke, through the Regional Tariff Response Initiative, will help strengthen local supply chains, support workers, and build long‑term prosperity to ensure we are building a strong Canadian economy.”
- The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Etobicoke is home to a dynamic and hardworking business community. Today’s announcement will help local companies expand, create jobs, and continue contributing to the economic strength of our region. I’m happy to see our government supporting innovation and growth right here in Etobicoke.”
- James Maloney, Member of Parliament for Etobicoke-Lakeshore
"FedDev Ontario’s support enables SWTCH to deploy our technology across new Canadian market segments while accelerating our strategic growth abroad. Expanding in these key areas empowers SWTCH to achieve its full potential as a leading Canadian EV solutions provider."
- Carter Li, Chief Executive Officer, SWTCH Energy
Quick facts
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Incorporated in 2016, Etobicoke-based SWTCH Energy is a technology company providing electric vehicle charging and energy management solutions.
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Through the Regional Tariff Response Initiative (RTRI), the Government of Canada is providing a total of $3.45 billion to help businesses boost productivity, lower costs, strengthen supply chain resilience, and open doors to new markets, enhancing overall competitiveness across all sectors, including steel, aluminum, copper, automotive, food security, and forestry.
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The Government of Canada is introducing a package of new tariff support measures, including a $500 million liquidity stream through the BDC Pivot to Grow Loan Program expanded eligibility for BDC's Steel and Aluminum Support Program, and Forestry Support Program, the new Canada Strong Diversification Fund backed by $2 billion in funding, enhancements to the Large Enterprise Tariff Loan (LETL) facility, and a new suite of $3.5 billion in Rapid Response Benefit Program for Workers and Employers.
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Applications are still being accepted under the Regional Tariff Response Initiative to help southern Ontario businesses boost productivity, strengthen supply chains, and diversify into new markets.
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FedDev Ontario is working to ensure businesses, organizations and communities across southern Ontario have the support they need to grow and compete.
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To learn more about our programming, please visit our funding page and explore our impact stories to learn more about some of FedDev Ontario's funding recipients.
Associated links
Contacts
Leela Polushin
Press Secretary
Office of the Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario
Leela.Polushin@ised-isde.gc.ca
343-543-5391
Media Relations FedDev Ontario
media@feddevontario.gc.ca
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