Ottawa, Ontario back additive manufacturing centre in Burlington
- May 9, 2018
Ottawa has announced a commitment of $14 M in repayable funding to Burloak Technologies, an advanced manufacturing company based in Burlington, ON.
The announcement was made May 4. At the same time the Province of Ontario announced its own $7 M grant to Burloak.
The funding will be directed to a $104.7 M project Burloak is undertaking to create a new, world class Additive Manufacturing Technology Centre in Burlington. The centre is expected to create 295 new jobs in Canada by 2026.
Burloak's investment in Ontario will also generate more R&D, more collaboration with post-secondary institutions and help strengthen the region's advanced manufacturing cluster and supply chain.
This investment is made possible through the Strategic Innovation Fund, a program designed to attract and support high quality business investments across all sectors of the economy, by encouraging R&D to accelerate technology transfer and commercialization of innovative products, processes and services and facilitate the growth of innovative firms.
"This is great news for Burlington and for Canada's advanced manufacturing industry,” said Karina Gould, Minister of Democratic Institutions, on behalf of Navdeep Bains, Minister of Innovation, Science and Economic Development. “Advanced manufacturing is an important and growing sector that is contributing to our economy and creating well-paying middle class jobs. Our government's investment in Burloak's project will help ensure Canada remains at the forefront of advanced manufacturing technology and a globally competitive centre for innovation."
Burloak Technologies is a division of Samuel, Son & Co. based in Mississauga, Ontario. Samuel employs 4800 people at more than 100 facilities, including 622 employees in Ontario.