Queen’s Park gives a $10 M boost for auto parts manufacturers
Ontario is investing $10 million in auto-parts companies in an effort to boost competitiveness and position the province as a North American hub for building the car of the future.
Barrie-Innisfil MPP Andrea Khanjin announced four companies in her riding will receive funding in round one of the Ontario Automotive Modernization Program (O-AMP): Innovative Automation Inc. ($67,712), and Jomi Technical Services, Linear Transfer Automation Inc. and SBS Drivetec Inc. ($100,000 each).
“This funding will assist them in becoming more efficient and innovative in their manufacturing processes,” said Khanjin. “And as we lay the foundation for economic recovery from COVID-19, this new grant will allow for further job creation and local job opportunities.”
Oro-Medonte’s Molded Precision Components (MPC) will also receive $100,000.
“Thanks to O-AMP, we have been able to be the first in Canada to implement this new technology, helping us be more competitive and advance our business capabilities,” said MPC president David Yeaman.
Barrie-Springwater-Oro-Medonte MPP Doug Downey called MPC “a business leader” in the region.
“It’s so great to have the province continue to invest in their projects that are such a source of pride in our community,” he said.