York Region is a vital driver of the local economy, serving as Ontario's third-largest business hub with over 56,000 businesses, fostering innovation through its diverse entrepreneurial community. By supporting the growth of homegrown companies, the Government of Canada is helping regions, like York, stay competitive and build Canada strong.
Today, 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), alongside the Honourable Ali Ehsassi, Parliamentary Secretary to the President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy (Canada-U.S. Trade) and Member of Parliament for Willowdale, announced over $3.1 million to support the growth and resiliency of three York Region companies: Sky Acoustics Inc., Letar Inc. and Petra Hygienic Systems International Ltd. (Petra) as they scale operations and boost competitiveness through the adoption of advanced technologies.
Vaughan-based Sky Acoustics Inc. is receiving up to $1 million to accelerate growth through the adoption of new automated equipment and more sustainable production practices. Through this project, the company will bring more production activity to the region, which will improve its responsiveness to domestic and international clients.
Concord-based aerospace precision machining and assembly company Letar Inc. is receiving $1.5 million to expand its capacity for complex aerospace and defence components through the adoption of advanced machining equipment. This will enhance the company's competitiveness, enabling it to meet growing demand from OEM customers and drive more efficient use of materials through modernized manufacturing processes.
Concord-based Petra is receiving $625,000 to implement its fully automated production system, powered by its AI-driven engine. The project will establish flexible, high-speed autonomous production lines for its personal care and cosmetic products. With this investment, the company will expand Petra's production capabilities, create jobs, strengthen regional supply chains, and accelerate the commercialization of innovative Canadian-made manufacturing.
The Government of Canada remains committed to supporting local innovators and businesses as they expand, adopt new technologies, and create good jobs in communities across southern Ontario.
