Eastern Ontario Company Helps Battle Cancer
McGuinty Government Creates 100 New Jobs In Ottawa
Ontario is helping a medical equipment company add 100 new jobs and support 90 existing jobs in Ottawa.
Best Theratronics Ltd., with support from the province, is upgrading existing products and developing new technologies which will help the company to diversify its product line and enter into new markets.
Best Theratronics develops and manufactures medical equipment used to treat cancer and make blood supplies safer. The company's technology uses high-energy gamma rays that deliver radiation treatment for cancer patients. The company also manufactures blood irradiators which are used to treat donated blood to help prevent the transmission of blood-borne illnesses.
Partnering with local business is a key component of the Open Ontario plan and of the 2011 Ontario Budget - Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families and strengthen our local economies.
- Best Theratronics is investing $8.12 million in the project, including a $1.2 million grant from the province.
- Best Theratronics' Equinox cancer radiation equipment is found in close to 3,000 hospitals around the world.
- Ontario's medical devices sector comprises more than 675 companies and employs 22,000 people.
- 90,000 more Ontarians will receive breast cancer screening exams as announced in Ontario Budget 2011.
- So far, Ontario has recovered 91 per cent of the jobs lost in the recession.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
“Companies like Best Theratronics not only save lives, but they also demonstrates the very best in Ontario's medical expertise and innovation. Medical devices is one of the fastest-growing sectors in the world, and we are committed to growing the current 22,000 Ontario jobs.”
“We're proud of the many innovators in our region, such as Best Theratronics, and our government will continue to partner with local businesses, creating good jobs for people in Ottawa and throughout the province.”
“The Ontario government investment will help diversify our product lines, promote medical innovation, and strengthen our company's foothold on the global stage.”