CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Niagara manufacturer receives $2.1 million in funding from Regional Development Program

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AMSI’s prefabricated buildings house electrical equipment for a wide range of industries including power generation, mining, industrial automation, hydro and electrical distribution, oil and gas, public transportation, biomass, and the environmental sectors. PHOTO courtesy AMSI.

Niagara-region manufacturer AMSI Inc., which designs and constructs prefabricated buildings, is receiving $2.1 million in funding from the Ontario government.

The funding support through the province’s Regional Development Program (RDP) will support AMSI’s $20 million plan to construct a new 67,000 square-foot manufacturing facility to improve manufacturing processes for large, complex equipment that will increase productivity and growth.

AMSI’s prefabricated buildings house electrical equipment for a wide range of industries including power generation, mining, industrial automation, hydro and electrical distribution, oil and gas, public transportation, biomass, and the environmental sectors.

The government launched the Regional Development Program for eastern and southwestern Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports. To date, Ontario has provided more than $122 million to support more than 100 projects through the program, leveraging more than $1.3 billion in new investments and helping to create more than 2,500 jobs in the province.

“Niagara has long been a manufacturing powerhouse, employing tens of thousands of people in the automotive, paper, steel, hydroelectric and food processing sectors,” said Sam Oosterhoff, Member of Provincial Parliament for Niagara West. “Our government is continuing to support this manufacturing legacy with strategic investments through the Regional Development Program, ensuring Niagara remains a top destination for jobs and talent well into the future.”

Applications are now being accepted for the next intake round of RDP funding until January 25, 2024.

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