Ontario Partnering with Grand River Foods to Create Jobs in Cambridge
Province Supporting Food Manufacturing Sector
Ontario is partnering with Grand River Foods to expand its processing plant in Cambridge, creating 50 new full-time jobs and retaining 315 positions over four years.
Grand River Foods manufactures more than 200 food products for Canada's leading grocery, restaurant and food service companies. It uses quality ingredients to create products that are eaten in restaurants and homes across the country. In addition to its commercial work, the company helped establish the Institute of Food Processing Technology in Cambridge to increase innovation in the food manufacturing industry.
With $1.3 million in support from the Southwestern Ontario Development Fund, Grand River Foods will invest more than $13 million in its Cambridge facility, expanding its processing plant, purchasing innovative equipment and diversifying its product lines.
The Southwestern Ontario Development Fund is modelled on the proven Eastern Ontario Development Fund. Together, these two funds have created and retained more than 37,000 jobs and attracted more than $1.5 billion in investment. The funds typically cover between 10 to 15 per cent of eligible costs, with the successful companies funding the remainder of the projects with their own resources. This leveraging of private sector investment provides enhanced value for taxpayers.
Attracting new investment to southwestern Ontario is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- Ontario is accepting applications for the Southwestern Ontario Development Fund from qualified businesses that are growing and creating jobs.
- Sectors eligible for the fund include advanced manufacturing, food processing, life sciences, information and communications technology, tourism and cultural industries.
- Since October 2012, Ontario has invested over $75 million through the Southwestern Ontario Development Fund, leveraging a total investment of more than $800 million. These investments have helped to create over 3,000 new jobs and retain more than 18,000 existing jobs in the region.
“Ontario’s food manufacturing sector is growing in prominence across the country and around the world. Our government is proud to support innovative food manufacturers like Grand River Foods, whose expansion will create new jobs and help to anchor a thriving southwestern Ontario industry.”
“Through strategic investments, we have the ability to help Ontario’s food and beverage processing sector grow, which in turn supports our farmers, strengthens our communities and builds our province's economy. By working with dedicated food processing companies such as Grand River Foods, we are developing innovative ideas and seizing new opportunities for Ontario’s agri-food industry.”
“Grand River Foods has been such a strong supporter of our community and charities, I couldn’t be prouder that they are receiving this grant. The growth of Grand River Foods will mean more jobs for the people of Cambridge and more opportunities for communities across the region.”
“We’re pleased to partner with the Government of Ontario on this exciting new project. Support from the Southwestern Ontario Development Fund will help us increase our new product offerings and innovation to meet our customers’ needs, while staying local and creating more jobs in our community. In addition to the support of the Province of Ontario, we greatly appreciate the support of our customers, our suppliers and our employees in achieving this level of growth in our business.”