Ontario Supporting Economic Growth in Wheatley
Province Partners with Innovative Business to Create Local Jobs
Ontario is partnering with H & H Wood Products Inc. to help create 13 new jobs and retain 58 positions in Wheatley.
H & H Wood Products Inc. produces wood products, such as pallets, racks and containers for the food, automotive and agriculture industries.
With support from the Southwestern Ontario Development Fund, H & H Wood Products will be able to purchase new equipment, expand its production capacity and grow its customer base.
Supporting business investment and investing in regional economic growth in southwest Ontario is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Ontario is investing $195,300 from the Southwestern Ontario Development Fund for this project, supporting an additional investment of $1,953,350 from H& H Wood Products. The project is expected to be completed by December 31, 2020.
- 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 this forward-thinking company boost economic growth, strengthen the manufacturing sector and create good jobs in Chatham. Through the Southwestern Ontario Development Fund, we are enabling this innovative company to succeed and grow by adopting new technologies in order to sharpen its competitive edge.”