TECUMSEH— The Government of Ontario is welcoming an investment of $1,412,240 by True Phantom Solutions Inc. to create six new good-paying jobs in Tecumseh and expand the company’s manufacturing capacity and product lines. The investment is supported by a $188,816 grant through the Ontario government’s Southwestern Ontario Development Fund.
“Ontario is proud to support True Phantom Solutions Inc. as it expands its manufacturing capacity and develops innovative new medical simulation products right here in Tecumseh,” said Andrew Dowie, MPP for Windsor—Tecumseh. “Through the Southwestern Ontario Development Fund, our government is helping local manufacturers invest in advanced technology, bring new products to market and strengthen our region’s reputation as a hub for innovation and advanced manufacturing.”
Established in 2014, True Phantom Solutions Inc. manufactures highly realistic medical simulation phantoms that replicate the physical, mechanical and imaging properties of human and animal tissues and bones. The company’s products are used worldwide for medical research, treatment planning and training across imaging modalities, including X-ray, CT, ultrasound and MRI, and include a range of human and animal full-body and anatomical phantoms for healthcare and research applications.
With this investment, True Phantom Solutions Inc. will expand and modernize its manufacturing facility while investing in advanced equipment to support the development of new medical simulation products, including female full-body and torso phantoms and a small canine phantom. The project will increase production capacity, reduce lead times, create six new good-paying jobs and strengthen the company’s ability to meet growing demand in the healthcare simulation market.
“Employing more than 800,000 workers across the province, Ontario’s manufacturing sector is the economic engine of our nation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Our government is proud to support local companies like True Phantom Solutions as they expand their operations, and we thank them for their contributions to Ontario’s dynamic and growing manufacturing ecosystem.”
Ontario is investing over $250 million through its Regional Development Program to help manufacturers across the province grow while supporting distinct regional priorities. To date, Ontario has supported more than 215 projects through the program, leveraging more than $2.8 billion in new investments and helping to create over 5,900 jobs.
QUICK FACTS
- The government launched the Regional Development Program (RDP) for eastern and southwestern regions of Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
- In 2022, the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the RDP was launched to support advanced manufacturers across the province. Ontario is now providing additional funds to enhance the AMIC stream that will help more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.
- The government continues to provide tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses.
- Additionally, Ontario has launched a new $150 million Ontario Together Trade Fund to assist local businesses in taking advantage of new interprovincial trade opportunities.
ADDITIONAL RESOURCES
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