Just in time for Christmas, four Stratford-area small businesses are getting a boost from the provincial government that will create 71 new jobs and retain 610 others.
Atwood Heritage Processing, C.R. Plastic Products, FIO Automotive Canada and Hayashi Canada are all in line for cash from the Southwestern Ontario Development Fund – a government initiative that covers up to 15 per cent of eligible project costs for job-creating businesses.
At its Perth County plant, Atwood Heritage Processing manufactures cured meats like summer sausage and pepperettes. The province is investing $140,850 to support a $1.36-million expansion by the company that will create 10 new jobs and retain 11 others. The new 6,800-square-foot plant will be completed by September 2020.
The province is also ponying up $785,139 to help C.R. Plastic Products, a Stratford-based outdoor furniture manufacturer and distributor, purchase $5.25 million in new equipment including a robotic assembly line. The project will create 12 new jobs, retain 143 existing positions and will be finished by next December.
Perth County’s automotive sector is also getting a major boost from the development fund. Stratford’s FIO Automotive Canada plant, which makes stamped metal parts and welded assemblies for Toyota, has its eye on automated guided vehicles to transport materials inside the facility.
The province is investing $980,000 over and above $8.82 million from FIO Automotive Canada for the project, which will be wrapped up by March 2019. Thirty-five new jobs will be created and 310 retained.
Hayashi Canada, which manufactures interior trim parts to Toyota and Honda, is getting $662,170 from the province to buy new equipment and expand its Stratford facility. The company is investing $7.6 million towards the improvements.
The multimillion-dollar project will create 14 jobs, retain 146 others and will be complete by March 2021. Guelph MPP Liz Sandals was to make the announcement at C.R. Plastic Products in Stratford Monday morning.