Ontario Supporting Manufacturing Jobs in Wellington County
Province Partners with HP Polymers to Help Boost Local Economy
Ontario is partnering with HP Polymers to help grow its operations and improve production, creating five new jobs and retaining nine positions in the Township of Puslinch.
Liz Sandals, MPP for Guelph, made the announcement today on behalf of Jeff Leal, Minister Responsible for Small Business.
HP Polymers produces specialty polymers and resins used in coatings and ink applications. The company serves the automotive, aerospace, electronics, chemical and medical industries.
With support from the Southwestern Ontario Development Fund, HP Polymers will invest in new state-of-the-art equipment to produce higher quality products faster, which will increase production capacity. These enhancements will allow the company to diversify its products, strengthen its competitive advantage and create new jobs.Supporting business investments in Southwest Ontario is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Ontario is investing $257,200 from the Southwestern Ontario Development Fund, supporting an additional investment $1,491,196 from HP Polymers. The project is expected to be completed by December 2021.
- Since 2013, the Southwestern Ontario Development Fund and Eastern Ontario Development Fund have helped to create and retain over 48,000 jobs and have attracted approximately $2.3 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.
“HP Polymers is an important employer in Puslinch. Our government’s support for this local small business is just one of the ways we’re helping create new jobs and grow the manufacturing sector in southwestern Ontario.”
“Our government is pleased to partner with companies like HP Polymers that are key drivers of our economy. With this investment, HP Polymers will be able to invest in cutting-edge technologies that will reduce production times and improve productivity. We are working with businesses across Ontario to create good jobs and support local manufacturers, and HP Polymers is a great example of local success in Wellington County.”
“HP Polymers is excited about the investment we are making in our Puslinch facility. Our new state-of-the-art equipment will help produce higher quality products at an increased speed and capacity. This, with the new jobs the investment generates, will help take our company to the next level servicing our customers in Ontario and beyond.”