Ontario Welcomes $5.5 million dollar investment by Porter Engineered Systems
15 new jobs will be created by local manufacturing project
Windsor — The Ontario government is supporting an investment of $5.5 million dollars by Porter Engineered Systems to boost local manufacturing and create 15 new good-paying jobs. As part of this investment, the government is providing Porter Engineered Systems with $570,427 in funding through the Regional Development Program’s Southwest Ontario Development Fund.
This funding was announced today by Andrew Dowie, Member of Provincial Parliament for Windsor-Tecumeh, joined by Rick Byers, Member of Provincial Parliament for Bruce-Grey-Own Sound.
“Our government is building Ontario and strengthening the economy by supporting key investments in communities Windsor-Tecumseh,” said MPP Dowie. “Porter Engineered Systems’ investment will grow local manufacturing and create more good-paying jobs for workers and families in the Windsor Essex region.”
Porter Engineered Systems is investing $5.5 million dollars to the project. This exciting new project consists of Porter Engineered Systems Inc. designing and manufacturing seating structures, mechanisms, and powertrain components at the project facility in Windsor, with expected annual revenues of approximately $3 million.
As part of the project, Porter Engineered Systems Inc. will undertake leasehold improvements at the project facility and purchase new equipment, including a bend saw, heat oven and software. As well, Porter Engineered Systems Inc. will spend $1.8 million on specialized expertise and one time labour to establish operations. 15 new jobs will be created through this project.
“This initiative to support local businesses was instrumental to helping us make the investment decision to expand here. We’re appreciative of the Ontario government for creating the SWODF and are pleased to be part of the continued growth and success of Ontario manufacturing,” said Steve Pan, Director of Operations at Porter Engineered Systems Inc.
As part of the government’s work to build the economy, Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to 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, Ontario has provided more than $68 million in support to 62 companies and organizations through the Regional Development Program. This funding has supported $736 million in investments to create more than 1,300 jobs in the province.
“Our government is proud to support local manufacturers across the province as they grow and create more 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 Porter Engineered Systems for making a significant impact in their community and for contributing to our province’s dynamic and growing manufacturing sector.”
QUICK FACTS
- 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