Ontario invests $2.8 million in three Simcoe County businesses
Three Simcoe County businesses will share $2.8 million from the Ontario government to support innovation and strengthen the local economy.
Tempo Plastics Limited, a custom printed flexible packaging manufacturer for lawn and garden and food processors, will receive the largest chunk of the funding with $2.2 million. It will create 26 jobs and retain 144, and increase production capacity.
The Innisfil-based company also plans to increase production capacity with the funding. It works closely with local post-secondary schools, recruiting interns and new grads to fill open positions.
Barrie manufacturer Matsu Manufacturing Inc. plans to modernize equipment and upgrade its facility with a $266,000 boost from the province.
It anticipates creating 26 high-skilled jobs in the region in the future.
A new Ontario-based company, Volatus Flight Systems Inc., will use the $375,000 from the Southwest Ontario Development Fund to create 22 jobs and add new equipment to its 32,000 square foot facility in Oro-Medonte.
"As our local economy recovers and rebuilds, investing in our local businesses like our manufacturers helps bring jobs to people that need them," said Andrea Khanjin, Barrie-Innisfil MPP.
Ontario is investing more than $100 million through the Regional Development Program over five years to support distinct regional priorities and challenges. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities.
CTVNews.ca Top Stories
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
LeBlanc says he plans to run in next election, under Trudeau's leadership
Cabinet minister Dominic LeBlanc says he plans to run in the next election as a candidate under Prime Minister Justin Trudeau's leadership, amid questions about his rumoured interest in succeeding his longtime friend for the top job.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn’t over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball’s highest scorer Caitlin Clark’s first news conference as an Indiana Fever player.
U.S. vetoes a widely supported UN resolution backing full membership for Palestine
The United States has vetoed a widely backed UN resolution that would have paved the way for full United Nations membership for the state of Palestine.
Grandparent scam suspects had ties to Italian organized crime, police allege
A group of suspects that allegedly defrauded seniors across Ontario and other parts of Canada using a so-called emergency grandparent scam appear to have ties to 'Italian traditional organized crime,' according to an investigator involved in the OPP-led probe.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Cat found on Toronto Pearson airport runway 3 days after going missing
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
N.L. gardening store revives 19th century seed-packing machine
Technology from the 19th century has been brought out of retirement at a Newfoundland gardening store, as staff look for all the help they can get to fill orders during a busy season.