Thunder Bay, ON - Federal Economic Development Agency for Northern Ontario - FedNor
A key part of Canada's economic recovery is supporting businesses as they rebuild from the COVID-19 pandemic. To do so, businesses and entrepreneurs need a strong foundation, built on innovation, inclusivity and clean growth to create the workforce of the future.
Today, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor was joined by Marcus Powlowski, Member of Parliament, Thunder Bay-Rainy River, to announce FedNor investments totaling $570,250 for two projects designed to fuel business growth and optimize manufacturing processes. Funded through FedNor's Jobs and Growth Fund (JGF), these strategic initiatives are expected to create up to 30 local jobs and support the long-term success of two prominent Thunder Bay businesses.
Countermeasures Security Solutions Inc. will be receiving $470,250 to implement its Countermeasures Advanced Manufacturing Expansion project. This investment will allow the company to expand its manufacturing capacity by purchasing a Robotic Extrusion Processing Cell and Computerized Numerical Control lathe. The funding will also support facility enhancements and new equipment to help the business expand into Canadian, United States and overseas markets and increase exports. As a direct result of this investment, Countermeasures expects to create 15 full-time jobs.
As part of the announcement, Sleeping Giant Brewing Co. will also receive $100,000 to expand and modernize its operations, and optimize production. These strategic upgrades will allow Sleeping Giant Brewing Co. to expand its product line, achieve distribution and production efficiencies, increase the shelf life of its products and create 15 local jobs.
Innovation and technology adoption are key to driving our economy forward as we recover from the impact of COVID-19. In Northern Ontario, the Government of Canada is investing in innovation and technology adoption, while helping business to start up, scale up, create local jobs and fully participate in our economic recovery.
