Manufacturing Investment Creating 80 New Jobs In West Nipissing
McGuinty Government Helps Northern Economy Continue To Turn The Corner
Ontario is helping Jennmar - North America's largest manufacturer of mining construction products - establish its first Canadian facility and create up to 80 new jobs in Sturgeon Falls.
With support from the province, the new manufacturing plant is producing specialized materials used to reinforce underground mine and tunnel roofs. The state-of-the-art facility was built using advanced production technology that cut energy costs by up to 15 per cent.Partnering with local business is a key component of the plan laid out in Ontario's 2011 Budget -- Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families and strengthen local economies.
- The province is providing a $1.76 million loan towards the total project investment of about $6.38 million to support the creation of new manufacturing jobs.
- The new Sturgeon Falls plant has already introduced several new products into the Canadian mining market, including a new patented bolt that provides better ground control in seismic areas.
- As a result of the tax changes in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging new business investments.
- In 2010, Ontario attracted a total of 127 Foreign Direct Investment projects worth an estimated $6.1 billion (US) capital investment and the creation of more than 11,200 jobs.
“Supporting business growth and development is a priority for this government. We are committed to creating opportunity in communities such as Sturgeon Falls by partnering with companies like Jennmar Canada providing 80 new jobs for Northerners.”
“This investment is a real testament to Ontario's commitment to promoting economic growth, infrastructure enhancements and investment in Northern Ontario. This creates jobs in the region and is helping us to turn the corner.”
“With a lot of mines asking for 24/7 service and just-in-time delivery, Sturgeon Falls presented an ideal location for us to be close to our major Canadian customer base. It was also a good fit because we needed the skilled labour force and they needed the employment following the closure of a local paper mill. We are very pleased with the government support which is helping play a role in getting Ontarians back to work. The response from the Canadian mining sector has been extremely favourable and we look forward to growing bigger in the coming months.”