Ontario Welcomes $4,290,000.00 Manufacturing Investment
SheaRock Construction Group Inc. will create 20 new, good-paying jobs in Windsor-Tecumseh
Windsor ― The Ontario government is supporting an investment of $ 4,290,000.00 by SheaRock Construction Group Inc. to boost local manufacturing and create 20 new good-paying jobs. As part of this investment, the government is providing Shearock with $ 500,000.00 in funding through the Regional Development Program – Southwestern Ontario Development Fund.
This funding was announced today by Andrew Dowie, Member of Provincial Parliament for Windsor-Tecumseh.
“Our government is building a strong Ontario and strengthening our economy by supporting key investments here at home,” said MPP Dowie . “SheaRock Construction’s investment will grow our local manufacturing and create good-paying jobs for workers and families right here in Windsor-Tecumseh.”
“SheaRock is investing $4,290,000.00 to bring new, innovative, wastewater management technology to Ontario.” “This technology is going to help our government reach its goal of building 1.5 million homes in Ontario over the next decade by helping developers to get land serviced for building in less time and at less cost. 20 new jobs are being created and 46 jobs are being retained, so it’s a win/win for everyone.” said MPP Dowie.
“SheaRock in partnership with the Government of Ontario is making this advanced manufacturing investment in Windsor Essex to modernize its wastewater infrastructure. Our new technology will bring much needed innovation to Ontario while saving millions of dollars for taxpayers. It replaces concrete manholes, with a polyethylene solution which will allow for faster construction.” said SheaRock Construction Group’s President Daryl Rocheleau.
Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to strengthen the advanced manufacturing sector and help meet regional needs. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.
Since 2019, the province has provided more than $89 million in support of 82 projects through the Regional Development Program, leveraging more than $911 million in new investments and helping create more than 1,800 jobs in the province.
“Our government is proud to support local manufacturers across the province as they grow and create good-paying jobs in their communities,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Investing in these types of community-building projects will help us continue to build Ontario and strengthen the economy. We thank SheaRock Construction for making a significant impact in their community and for contributing to our province’s dynamic and growing manufacturing sector.”
QUICK FACTS
- As part of the 2023 Ontario Budget, the government is proposing a new Ontario Made Manufacturing Investment Tax Credit, which would provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.
- The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support through the Eastern Ontario Development Fund and Southwestern Ontario Development Fund and guided access to a range of complementary services and supports.
- The government recently launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It will support Ontario advanced manufacturers to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness and growth, and to create, retain and bring jobs back to every region of the province.
ADDITIONAL RESOURCES
Regional Development Program
Open for Business
MEDIA CONTACT
Paul Synnott
Executive Assistant
Andrew Dowie, MPP Windsor-Tecumseh
Ph: 519-251-0437
Cell: 226-724-6978
Email: paul.synnott@pc.ola.org |