Ontario Secures Major Investment from GE
New “Brilliant Factory” Will Create 220 Jobs in Welland
Premier Kathleen Wynne was in Welland today at the groundbreaking ceremony for a new GE Canada "Brilliant Factory" that will strengthen Ontario as a hub of advanced manufacturing and create 220 local jobs.
Expected to begin production in early 2018, the facility will produce energy-efficient engines and other components that are used all over the world. The Welland plant will be among the most advanced in GE's global operations, and the first of its kind in Canada.
Ontario helped secure this project by providing a single point of contact for GE when the company was deciding where in Canada to make this major investment. Other companies will benefit from the same service model when the province launches the Strategic Investments Office (SIO) this fall. The SIO will provide companies looking to invest in Ontario a one-window approach, offering a seamless range of services such as help selecting a suitable site, training workers, and fast-tracking provincial and municipal permits and licences.
The government is also enhancing Ontario's appeal as a place to grow a business by investing $2.7 billion over 10 years through the Jobs and Prosperity Fund (JPF). Ontario is providing GE a conditional grant of $26.55 million through the JPF, leveraging an overall investment of almost $240 million.
GE is one of several global companies making major investments in Ontario, attracted by strengths such as a competitive tax system, stable financial markets, modern infrastructure, and a highly skilled and trained workforce. These include:
- Fiat Chrysler is producing the first plug-in hybrid electric minivan built in North America, creating 1,200 jobs in Windsor
- General Motors will create more than 700 engineering jobs by enhancing its technical centre in Oshawa, establishing a software development centre in Markham and upgrading its cold-weather testing facility in Kapuskasing
- IBM, in partnership with Ontario Centres of Excellence, will help up to 500 small and medium-sized enterprises launch and market new technologies and products internationally, creating up to 2,600 jobs across the province
- Google has created almost 400 jobs over the past 10 years in Waterloo Region, and designed its facility there with the capacity for 600 more jobs
- Huawei will create 250 jobs through an R&D project that will include establishing research labs in Markham and Waterloo and expanding its existing research facility in Ottawa.
Investing in manufacturing innovation 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 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 infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is 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.
- Ontario is recruiting a Chief Investment Officer to run the Strategic Investments Office, which will assign an account manager to each potential global investing company, tailoring the full array of provincial supports and services to the company’s specific needs.
- About 80 per cent of the Welland facility’s production will be for export and the plant will generate millions of dollars in increased business for Ontario suppliers.
- GE has operated in Ontario since 1892, when Thomas Edison founded a factory in Peterborough. Today, GE Canada operates multiple facilities in Ontario and employs about 7,000 people across the country.
- Project commitments to date through the Jobs and Prosperity Fund will create or retain more than 22,000 jobs, attracting investment of over $2.2 billion. Projects are closely monitored over their lifespan to protect taxpayers’ investment and include provisions if targets are not met.
“GE’s decision to invest in Welland sends a clear message that our province has a lot to offer. Our government will continue to strengthen Ontario’s reputation as a great place to invest, so we can bring more jobs and growth to communities across our province.”
“This government’s top priority is to grow the economy and create jobs. We have a plan to make Ontario the best place in the world to do business, and investments like this one from GE serve to show just how much confidence the private sector has in that plan. I am so pleased that GE has chosen to make its significant investment here.”
“The outstanding support offered by the Ontario government, Niagara Region, and City strongly influenced our decision to build the factory in Welland. I look forward to continuing our close collaboration to create jobs and economic growth.”