London Gets Economic Boost
McGuinty Government Helps City Revamp Local Manufacturing Sector
Ontario is helping London to position its manufacturing industry as a destination for European manufacturing, and create jobs.
The province is investing $497,000 in the London Economic Development Corporation for three initiatives to help secure direct European investment in the region's manufacturing sector. The funding will be used to:
- Partner with the London Regional Manufacturing Council to start a pilot project that will reduce the cost of adapting European manufacturing technology to Canadian electrical standards
- Partner with German-based auto parts manufacturer Brose, to ensure a new high-tech precision laser cutter being installed at the London facility meets CSA approved standards
- Help local parts suppliers capitalize on opportunities to supply auto manufacturer Volkswagen in North America.
The new equipment at Brose's London facility will lead to the immediate creation of 10 new advanced manufacturing jobs with significant job creation potential in the future.
Funding is being provided under the Communities in Transition program which supports economic development projects that will help communities in Ontario attract new investments and retain existing businesses.
- The city of London has a total city population of 352,395.
- London is the Canadian headquarters or major production centre for such prominent companies as 3M Canada, Kellogg Canada, Labatt and Diamond Aircraft.
- Since 2007, Ontario has provided $12.2 million in funding for 26 Communities in Transition projects.
“London is already home to world-class manufacturers. This grant will help us to strengthen our region's advanced manufacturing sector and increase our city's competitiveness.”
“This partnership with Brose, LEDC and the Province is a fine example of working together for a brighter tomorrow. Such collaboration will serve as a catalyst for new jobs and opportunities for growth in the years ahead.”
Anne Marie DeCicco-Best
“These investments will have a very significant impact on London's advanced manufacturing sector, helping to grow existing investments and secure new ones.”