Ontario government spending $3.8M to support business expansions in eastern Ontario
The Ontario government is spending $3.8 million to support expansion plans for four local businesses in eastern Ontario.
Economic development minister Vic Fedeli announced Wednesday that four local businesses would receive funding from the government's regional development program. A government press release claims the added funding will aid in creating 63 jobs and retaining 141 more.
“These projects will make a significant impact in our eastern Ontario communities and economies," Fedeli is quoted in the release saying. "They will enable long-term measurable outcomes, including private-sector investments, job creation and retention, and strong regional growth."
The four companies, Beau-Roc, Lumibird, LTR Industries, and KB Media, will receive between $134,000 and $1.8 million from the government.
Beau-Roc, based in Vars, builds dump bodies for dump trucks. The province is giving the company $1.8 million toward their $12 million plan to build a second manufacturing facility.
Lumibird is a French company that specializes in lasers. The Ontario government is providing $1.09 million toward $7.8 million worth of facility upgrades, new equipment and expanded research and development work at its Ottawa office.
Ottawa-based millwork company LTR Industries is receiving $780,000 from the regional development fund toward a $5.2 million plan to expand production facilities.
KB Media, whose head office is in Casselman, is a branding and marketing company that has worked with local school boards, political parties and companies such as A&W and Rona. They are receiving $134,000 from the government toward a new, consolidated facility, pegged at $898,000.
CTVNews.ca Top Stories
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Town of Fort Nelson, B.C., ordered to evacuate due to wildfire
The entire town of Fort Nelson, B.C., as well as the nearby Fort Nelson First Nation, has been ordered to evacuate due to an out-of-control wildfire.
Bouchard lifts Edmonton Oilers to 4-3 overtime win over Canucks in Game 2
Evan Bouchard scored 5:38 into overtime and the Edmonton Oilers bounced back for a 4-3 win over the Vancouver Canucks in the second round of the Stanley Cup playoffs on Friday.
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
Video shows naked raccoon catching B.C. family by surprise
When Marvin Henschel spotted a strange and hairless creature wandering through a front lawn in B.C.'s Lower Mainland, he could barely believe his eyes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Out-of-control wildfire prompts evacuation alert for Fort McMurray, Saprae Creek Estates Friday night
An evacuation alert was issued for two Wood Buffalo communities Friday night, as crews battled an out-of-control wildfire near Fort McMurray.