Government of Canada invests in 10 businesses to help them grow
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Government of Canada invests in 10 businesses to help them grow
FedDev Ontario investment for 10 businesses to develop new products and solutions
March 3, 2025 – Stratford, Ontario
Southern Ontario is a key engine of the Canadian economy, fueled by its world-leading strengths in sectors such as finance, manufacturing, automotive, aerospace, life sciences, technologies, and more. The region is critical to the country’s growth, as it represents over a third of Canada’s growing population and generates nearly 40 percent of Canada’s GDP.
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) visited Accumetal Manufacturing Inc., a producer of fabricated metal components for off-road equipment and vehicles in the rail, defence, mining and recycling industries. The Minister was joined by Arielle Kayabaga, Parliamentary Secretary to the Minister of Small Business and Member of Parliament for London West; and Peter Fragiskatos, Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities and Member of Parliament for London North Centre.
While there, Minister Sahota announced over $24 million to support 10 businesses in southern Ontario: Accumetal Manufacturing Inc., ArcelorMittal Tailored Blanks Americas Limited, Brannon Steel, CES Transformers, MetalWorks Corp., North American Steel Equipment, Quad Steel, Sensor Technology Ltd., Tempel Canada and Tipco Inc. These investments are helping southern Ontario businesses to gain manufacturing capabilities, improve their competitiveness, and launch innovative solutions that support our defence, energy and transportation sectors and more.. Additional information on the projects is included in the backgrounder.
Equipping Canadian businesses for their long-term success leads to the prosperity of the economy while creating good-paying jobs. The Government of Canada is committed to strengthening these businesses as they produce Canadian products and services, create good jobs and build a resilient economy for the future.
Steffen deGraaf
I started AEC Benefits to make group benefits simple, cost-effective, and hassle-free. With 20+ years of experience, I know that a well-designed benefits plan helps businesses attract and retain top talent while keeping costs under control.
Unlike many providers, we have direct relationships with top insurers, eliminating middlemen to get you better pricing, faster service, and customized solutions.
And let’s be honest—great customer service is rare. That’s why we provide personalized support, clear guidance, and fast responses so you always know where you stand. Whether you’re setting up a new plan or optimizing an existing one, we make it easy.
Let’s build a smart, sustainable benefits program that works for your business and your employees.
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Government of Canada invests in 10 businesses to help them grow
Government of Canada invests in 10 businesses to help them grow
Share this article...
Steffen deGraaf
I started AEC Benefits to make group benefits simple, cost-effective, and hassle-free. With 20+ years of experience, I know that a well-designed benefits plan helps businesses attract and retain top talent while keeping costs under control.
Unlike many providers, we have direct relationships with top insurers, eliminating middlemen to get you better pricing, faster service, and customized solutions.
And let’s be honest—great customer service is rare. That’s why we provide personalized support, clear guidance, and fast responses so you always know where you stand. Whether you’re setting up a new plan or optimizing an existing one, we make it easy.
Let’s build a smart, sustainable benefits program that works for your business and your employees.
Discover our group plans below...
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