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 more than $6.6 million to support the growth of five Etobicoke-based businesses as they strengthen capabilities and seize new growth opportunities.
Recipient Name |
Project |
Total Project Cost |
Funding Contribution |
|---|---|---|---|
To modernize operations, competitiveness and expand into new markets the adoption of advanced manufacturing equipment and facility upgrades. Founded in 1998 and amalgamated in 2021, All Wood Fine Interiors Ltd. specializes in the design, manufacturing, and installation of premium custom millwork and interior furnishings. |
$2,792,279 |
$1,000,000 |
|
To improve business resilience by diversifying operations through expansion into new sectors. Incorporated in 2017, Clear Air Carbon Fiber Inc. is a composite manufacturing firm producing carbon-fiber components for automotive, marine, and emerging drone/aerospace applications. |
$2,498,333 |
$850,000 |
|
To modernize operations and support market diversification. Incorporated in 2017, Just Vertical is an agriculture technology company that designs, manufactures and sells patented indoor hydroponic growing technology. |
$1,339,200 |
$502,200 |
|
To increase production capabilities and modernize its food manufacturing operations. Rawcology Inc. has been manufacturing organic, plant-based snacks since 2017. |
$554,928 |
$277,464 |
|
To scale service capabilities to support the deployment of the company's EV charging solutions, software platforms, and operating models in new markets at home and abroad. Incorporated in 2016, SWTCH Energy is a technology company providing electric vehicle charging and energy management solutions. |
$5,333,333 |
$4,000,000 |
