Ontario Supporting Manufacturing in Chute-à-Blondeau
Province Partnering with Atlantic Braids to Help Retain and Create Jobs
Ontario is partnering with Atlantic Braids Ltd. to help expand its facilities in Chute-à-Blondeau, creating nine new jobs and retaining 18 positions.
Jeff Leal, Minister Responsible for Small Business, made the announcement today with Grant Crack, MPP for Glengarry-Prescott-Russell.
Atlantic Braids is a leading family-owned manufacturer of ropes for many industries, including oil and gas, arboriculture, agriculture, utilities and mining. It produces customized ropes for a wide range of uses, from bungee cords used in theatre sets to ropes used to tow military planes and boats.
With support from the Eastern Ontario Development Fund, the company is expanding its facilities by purchasing a new building and production equipment. This will allow Atlantic Braids to enhance its productivity, increase its product range and increase its export business.
Investing in Eastern Ontario businesses is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Ontario is investing $837,750 from the Eastern Ontario Development Fund for this project, supporting an additional investment of $4,747,250 from Atlantic Braids for a total value of $5,585,000. The project is expected to be completed by August 31, 2020.
- Ontario also invested $450,000 through the Eastern Ontario Development Fund to help Ideal Pipe in Winchester invest in new equipment to increase production and support growing demand. The company makes corrugated high density polyethylene (HDPE) pipe and related water management products for the agricultural and construction industries. The project had a total value of $4.5 million. The investment helped the company to grow by allowing it to add 44 new positions in Ontario.
- Since 2013, the Southwestern Ontario Development Fund and Eastern Ontario Development Fund have helped to create and retain approximately 40,600 jobs and attracted approximately $2 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.
- Ontario is accepting applications for the Eastern 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, $650-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.
- Find out if your business qualifies for the Eastern Ontario Development Fund
- Recipients of the Eastern Ontario Development Fund
“Ontario’s partnership with Atlantic Braids is creating good jobs and growing the local economy, an important priority of our government. Supporting advanced, value-added manufacturing is a key focus for the Eastern Ontario Development Fund, which is just one of the ways we are helping the sector succeed and grow.”
“Our government is always pleased to support companies like Atlantic Braids that are contributing to economic growth and creating good jobs. The company is a major employer in our region and this project will help them create jobs, boost the economy and grow their business.”
“We are thrilled to partner with the Ontario government. This support will help us scale up our manufacturing capabilities, improve our efficiency and grow our international presence to remain competitive in this dynamic industry.”