JOBS ONTARIO 🧑🔎🏭💵 Ontario Welcomes Nearly $40 Million Manufacturing Investment in Brantford

Saturday, 01 July 2023 12:00.PM

- Numesh’s expansion project will create 56 new good-paying jobs -

The Ontario government is supporting a $39.9 million investment by Numesh, the largest Canadian manufacturer of welded steel wire and wire mesh used for concrete reinforcement. The investment, for a new facility in Brantford, will create 56 new good-paying jobs.

“Ontario is known worldwide for our excellence in manufacturing, and we’re thrilled to welcome Numesh to Brantford, where they will boost local manufacturing and create good-paying jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We continue to create the right conditions to attract investments from both global and domestic companies. Thank you, Numesh, for choosing Ontario.”

Numesh’s $39.9 million investment will be used to expand to Ontario by transferring some of the company’s existing business in Quebec. The new facility in Brantford will have innovative, state-of-the-art equipment and technology that will also increase production to help the company meet growing demand and better serve customers in Ontario, Western Canada and the North Central U.S. As part of this investment to expand their operations to Ontario, the government is providing $2.9 million in funding through the Regional Development Program’s Southwestern Ontario Development Fund.

“With the support of the Ontario government and the Regional Development Program, Numesh’s growth will positively impact the overall Ontario economy and the southwestern community by creating new skilled and sustainable jobs,” said Charles Thibault, Chief Executive and National General Manager at Numesh. “Safety, well-being and respect will be at the center of the working environment. Numesh will continue to lead the industry of welded wire mesh and remain the backbone of new construction projects while supporting local contractors and distributors with their competitive environment.”

Ontario is investing $140 million through its Regional Development Program to support distinct regional priorities and challenges. To date, Ontario has provided more than $92 million to support 87 projects through the program, leveraging more than $950 million in new investments and helping to create more than 1,900 jobs in the province.

Quick Facts

• The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
• In 2022, the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It supports Ontario advanced manufacturers to invest in the equipment, advanced technologies and the skilled workforce needed to improve competitiveness and growth, and to create and retain jobs across the province. The next round of applications for the stream opens on July 20, 2023.
• As part of the 2023 Ontario Budget, the government introduced the Ontario Made Manufacturing Investment Tax Credit, which will provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.

SOURCE: Ontario Ministry of Economic Development, Job Creation and Trade

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