Ontario is partnering with Eclipse Automation to grow the company's Cambridge plant while creating 15 new jobs and retaining 173 positions.
Eclipse Automation supplies custom automated manufacturing equipment to many industries including the energy, mining, health sciences, transportation, consumer/industrial and telecommunications/electronic sectors.
With $240,700 from the Southwestern Ontario Development Fund, Eclipse will expand its facilities and buy new equipment to increase their capacity and increase exports into new and existing markets. The project has a total value of more than $2.4 million and is expected to be completed by winter 2017.
The Southwestern Ontario Development Fund is modelled on the proven Eastern Ontario Development Fund. Together these two funds have created and retained more than 38,000 jobs and attracted more than $1.6 billion in investment.
The funds typically cover between 10 to 15 per cent of eligible project costs, with the recipient company funding the remainder from their own resources. This leveraging of private sector investment provides enhanced value for taxpayers.
Attracting new investment to southwestern Ontario is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
- • Eclipse Automation customers include Google, Tesla, Apple, Candu and Johnson and Johnson.
- • 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.
- • Since October 2012, Ontario has invested over $80 million through the Southwestern Ontario Development Fund, leveraging a total investment of more than $900 million. These investments have helped to create over 3,500 new jobs and retain more than 18,500 existing jobs in the region.