FedDev Ontario invests more than $2.1 million to help three companies strengthen operations, boost productivity and pursue new market opportunities
Guelph is home to a diverse and innovative business community supported by a highly skilled workforce, world-class research institutions, and a collaborative ecosystem that helps businesses grow, innovate, and compete in global markets. As global trade pressures persist, the Government of Canada is investing to strengthen resilience, boost competitiveness, and create good jobs.
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), announced a combined investment of more than $2.1 million to support three Guelph-based businesses as they strengthen operations, enhance competitiveness, and pursue new opportunities across various markets. He was joined by Dominique O'Rourke, Member of Parliament for Guelph.
Through the Regional Tariff Response Initiative, the Government of Canada is making three investments in the region.
Compression molding manufacturer, Comoldco Corporation, is undertaking an over $3-million project, with FedDev Ontario supporting $900,000 to enhance its manufacturing capabilities and efficiency through the acquisition of new equipment.
Benmet Steel & Metal Inc., a scrap metal recycler, is undertaking a $1.4-million project, with FedDev Ontario supporting $700,000 to enhance its manufacturing capabilities and productivity through facility upgrades.
Molding manufacturer, Poly-Nova Technologies Corporation, is undertaking an over $1-million project with FedDev Ontario supporting more than $530,000 to increase domestic tooling, testing, and specialized small-batch manufacturing.
The Government of Canada is committed to supporting Canadian businesses and organizations, safeguarding workers, and strengthening competitiveness, economic resilience, and long‑term prosperity across the country.
