Ontario Partnering with North Star Windows and Doors in St. Thomas
Province Investing to Support Over 300 Jobs
Ontario is partnering with North Star Windows and Doors to invest in plant upgrades and expansions to help the company grow its business, creating 140 new jobs and retaining 184 positions.
The company specializes in building windows and doors for commercial and residential consumers. Ontario is providing a conditional grant of over $1.2 million to help North Star Windows and Doors buy new equipment to adopt industry-leading processes for product development. This investment will also help North Star upgrade and expand its plant to increase production to meet rising demand in existing markets and enter new markets. The project has a total value of over $10 million and is expected to be completed by the end of 2019.
The Southwestern Ontario Development Fund is modelled on the proven Eastern Ontario Development Fund. Together these two funds are helping to create and retain more than 42,000 jobs and attract more than $1.9 billion in investment.
The funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its 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 economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- North Star’s annual sales include about $3 million in exports. That figure is expected to increase to $5 million per year by the end of the project — a 67 per cent increase.
- Since October 2012, Ontario has committed to invest over $95 million through the Southwestern Ontario Development Fund, leveraging private-sector investment of more than $1.1 billion. These investments are helping to create over 4,300 new jobs and retain more than 20,000 existing jobs in the region.
- 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.
- Ontario's five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale-up and modernizing regulations for businesses.
“Ontario is committed to helping companies expand their business and grow their markets. The Southwestern Ontario Development Fund allows government to partner with industry in making smart business decisions that help grow our economy. Manufacturing is a driving force in Ontario, and we are happy to support North Star Windows and Doors and their plans for expansion and innovative product development.”
“By supporting North Star Windows and Doors’ expansion plans, we are helping to keep the company in the province, and giving families in southwestern Ontario employment opportunities. It is wonderful to see new, innovative designs coming out of the St. Thomas facility.”
“We are thrilled to partner with the Ontario government on this exciting project. The investment we’re announcing today will help us purchase innovative manufacturing equipment and also give us the extra manufacturing space we need to meet growing demand, and expand our business both locally and internationally.”