The Bucket Shop is scaling-up operations and creating up to 40 highly-skilled jobs thanks to a Government of Canada investment of $2.1 million. This repayable FedNor contribution will enable the firm to find new ways to increase productivity and access new domestic and global markets.
The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, made the announcement today on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
This FedNor funding will be used to purchase new equipment and construct new maintenance and warehouse facilities, as well as establish a paint and abrasive blast shop. This investment will also help expand machining and line boring capacity and support research and development to assist the firm in developing its product lines.
“Our government is investing in Canadian firms to help them scale-up and become more competitive, here at home and around the world. Today’s announcement will allow The Bucket Shop to innovate, expand and increase exports to meet the growing demand for its specialty products and services.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
“Our government is committed to supporting industry in Northern Ontario. By investing in The Bucket Shop, we are helping them access more markets, expand their business and create good middle-class jobs. This project is another great example of how our Innovation and Skills Plan is helping Northern Ontario families and entrepreneurs succeed in the global economy.”
– The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour
“We’re thrilled for this Government of Canada support through FedNor to help us further position The Bucket Shop as the company of choice for bucket fabrication solutions, and specialty high wear materials. Today’s announcement will allow us to enhance, expand, and modernize our production capabilities. Ultimately this will allow us to reduce operating costs, increase productivity, implement innovative solutions for the mining industry, and grow the skilled labour force in northern Ontario.”
– Ross Woodward, President, The Bucket Shop
The funding announced today is provided through FedNor’s Regional Economic Growth through Innovation (REGI) program, which supports the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.
Since 2016 and through successive budgets, the Government of Canada has earmarked an additional $62 million for FedNor in support of various initiatives to enable the organization to further strengthen Northern Ontario’s economy and create even more middle-class jobs for Canadians.