Connor Industries is receiving a repayable FedNor investment of $461,952 to enable the acquisition and installation of innovative watercraft manufacturing equipment. This investment will support equipment purchases, infrastructure upgrades, and new technology implementation at Connor Industries' Parry Sound manufacturing plant. This initiative will enable expanded production capacity and the hiring of new staff.
Muskoka Community Land Trust
$407,260
Muskoka Community Land Trust is receiving a non-repayable FedNor investment of $407,260 to support investment readiness planning in housing developments. FedNor funds will enable Muskoka Community Land Trust to hire skilled professionals to help coordinate critical tasks related to the housing development initiative, contributing directly to shovel-readiness.
Lofthouse Manufacturing
$400,000
Lofthouse Manufacturing is receiving a repayable FedNor investment of $400,000 to support increased manufacturing productivity and export growth. FedNor funds will enable the acquisition of an innovative hydraulic forging press, which will increase manufacturing efficiency by reducing material scrap. This increase in efficiency will help reduce product costs and material waste.
Muskoka Brewery
$367,500
Muskoka Brewery is receiving a repayable FedNor investment of $367,500 to enable the acquisition and installation of new innovative equipment in support of supporting new product offerings. A new tunnel pasteurizer will allow Muskoka Brewery to expand production in its non-alcohol beverage offerings, allowing the business to reach new customers, while also supporting increased shelf stability, which will allow for expanded distribution and increased market reach.
Keystone Granite Management
$130,000
Keystone Granite Management is receiving a repayable FedNor investment of $130,000 to support the acquisition and commission of new, innovative equipment needed to produce value-added granite rock product for the construction and landscaping market. This project also includes infrastructure requirements to support this expanded operation. The new equipment will allow Keystone Granite to expand production and access new markets for their products.
