Ontario Supporting Economic Growth in Tillsonburg
Province Partners with Innovative Businesses to Support Hundreds of Local Jobs
Ontario is partnering with Marwood Metal, Inovata Foods, Voth Sales & Service and Fleetwood Metal to help create 198 new jobs and retain 753 positions in Tillsonburg.
With support from the Southwestern Ontario Development Fund, the following companies are investing in the community:
Marwood Metal is an award-winning original equipment manufacturer (OEM) metal stamping and modular assembly company that supports the auto manufacturing industry throughout North America. The company will expand its production capacity through investments in a variety of new equipment. These enhancements will allow it to expand its customer base.
Inovata Foods produces frozen food entrees under private label arrangements and co-packing agreements with multinational companies as well as its own branded products. The company will be able to buy new equipment that will allow it to offer a new line of products to its customers.
Voth Sales & Services designs and builds custom aluminum and steel truck bodies and pickup truck inserts for the landscaping, municipal, forestry and aggregate industries. The company will be able to increase its manufacturing space and buy new equipment. These enhancements will allow it to diversify its product offerings and meet new manufacturing and export opportunities.
Fleetwood Metal focuses on state-of-the-art metal stamping and welding technologies, operating a 200,000 square foot facility in Tillsonburg.The company purchased new equipment, allowing Fleetwood Metal to expand its production capabilities.
Supporting business investment in southwestern Ontario is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Marwood Metal project: Ontario is investing $1,500,000 from the Southwestern Ontario Development Fund, supporting an additional investment of $16,025,000 from Marwood Metal. The project will create 55 jobs and help retain 343 existing positions, and is expected to be completed by July 31, 2019.
- Inovata Foods project: Ontario is investing $387,900 from the Southwestern Ontario Development Fund, supporting an additional investment of $3,879,000 from Inovata Foods. The project will create 70 jobs and help retain 161 existing positions.
- Voth Sales & Services project: Ontario is investing $485,600 from the Southwestern Ontario Development Fund, supporting an additional investment of $4,856,000 from Voth Sales & Services. The project will create 23 new jobs and help retain 38 existing positions, and is expected to be completed by March 31, 2021.
- Fleetwood Metal project: Ontario invested $516,500 from the Southwestern Ontario Development Fund, supporting an additional investment of $5,165,000 from Fleetwood Metal. The project created 50 new jobs and helped to retain 302 existing positions. The project was completed in June 2017.
- 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 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, $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.
“Ontario is committed to helping these forward-thinking companies boost economic growth, strengthen the manufacturing sector and create good jobs in Tillsonburg. Through the Southwestern Ontario Development Fund, we are enabling these companies to expand, innovate and adopt new technologies in order to sharpen their competitive edge and strengthen the economy in Oxford County.”