Ontario Welcomes More Than $14 Million in New Investments in Southwestern Ontario
The Ontario government is supporting more than $14 million in new investments by two Southwestern Ontario companies.
In Recent News
The Ontario government is supporting more than $14 million in new investments by two Southwestern Ontario companies, EDGE Automation and Takumi Stamping Canada Inc., to boost local manufacturing and create 78 new good-paying jobs in London and St. Thomas. As part of these investments, the government is providing the companies with more than $2.1 million in funding through the Regional Development Program (RDP).
About Edge Automation
EDGE Automation, a London-based manufacturer that provides automated solutions in mechanical and electrical design and programming, product manufacturing and custom machine building, is investing nearly $5.2 million to expand their operations. The expansion will include a larger facility, new equipment and a new enterprise resource planning system to improve efficiencies. This project is supported by more than $778,000 in funding through the RDP’s Southwestern Ontario Development Fund and will help create 13 new jobs.
About Takumi Stamping Canada Inc.
Takumi Stamping Canada Inc., is a leading automotive parts manufacturer based in St. Thomas that ships 500,000 parts in over 540 different part offerings per day. The company is investing nearly $9 million to expand its plant and add new operating equipment. This investment is supported by more than $1.3 million in provincial funding through the RDP’s Southwestern Ontario Development Fund and will help create 65 new jobs.
Ontario is investing more than $100 million through its Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. Since 2019, Ontario has provided more than $81 million in support of 75 projects through the program, leveraging more than $860 million in new investments and helping to create more than 1,490 jobs in the province.