Federal government providing nearly $16M to help Ontario manufacturers go green

Yorkregion.com
March 6, 2023

The Government of Canada has announced it will provide close to $16 million in support of southern Ontario’s manufacturing sector’s transition into a net-zero clean economy.

A major investment includes a $8.8-million non-repayable contribution for Canadian Manufacturers and Exporters (CME) to launch the Technology Investment Program (TIP). The goal is to help Ontario manufacturers automate production, reduce their environmental footprint and increase their standing in the global market.

Small-and-medium sized enterprises (SMEs) will also benefit from having access to equipment and advisory services to compete on the global market while simultaneously fast-tracking product development. This project will support 160 SMEs and create and maintain 870 jobs.

In addition to this initiative, Ontario manufacturers Marwood International Inc. and Remmen Brakes will receive support in repayable loans to produce electric vehicle (EV) parts, creating an additional 75 job with 60 jobs in Ingersoll and 15 jobs in Port Perry, Ont.

"(This) investment is supporting our local manufacturers as they work hard to increase production and commercialization while adopting green technologies and creating 945 good jobs across southern Ontario. The Government of Canada is committed to helping position our thriving manufacturing sector for a successful future as they grow and expand their processes," said Francesco Sorbara, MP for Vaughan-Woodbridge, in a media release.



Marwood International Inc. expects to double its EV parts production and reduce lead time with its $5-million repayable loan.

"Thanks to the ongoing support of FedDev Ontario we are able to continue to invest in industry leading technologies and continue to grow in this highly competitive industry,” said Chris Wood, President for Marwood International Inc. in a media release.

Remmen Brakes will use its $2.1-million repayable loan to accelerate testing and commercialization of its Nonlinear Electro-Mechanical Brake (NEMB) system, which uses digital technology to activate braking as opposed to a brake fluid system.

"FedDev Ontario's investment is helping us to achieve our vision for this company, which is to create and refine a revolutionary braking technology designed to make vehicles of the future more safe, efficient and reliable,” said Ibrahim Al-Khudairy, director of business development of Remmen Brakes, in a press release.