The Government of Canada has made a $12.7 investment supporting businesses in the food and drink sector, including Ferrero, aimed at boosting employment and enhancing technology in the sector within the Ontario region, writes Neill Barston.
According to national authorities, among the key priorities with the funding move is in supporting sectors including food processing and packaging, which are seen as being of core value to the economy.
Consequently, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), confirmed the funding, being made through the Jobs and Growth Fund and the Business Scale-up and Productivity stream, included sums for five companies operating in the food processing and packaging sector: Ferrero Canada Ltd, Tempo Flexible Packaging Inc, Sheen Legend Packaging Corp (operating as Beneco Packaging and SoOPAK), Summer Fresh Salads Inc. and Casa Bonita Foods Inc.
Significantly, the investment will help these companies enhance their technologies and increase production, which will lead to the creation of over 180 jobs across southern Ontario. Minister Tassi joined representatives from chocolate business Ferrero Canada, which operates out of an over one million-square foot manufacturing and processing facility in Brantford, Ontario.
The company is receiving a $5-million investment, through the Jobs and Growth Fund, to increase capacity and automation of two main production lines, Ferrero Rocher and Nutella & GO!, so they can enhance output and meet demand. This project will also create more than 100 skilled jobs in southern Ontario.
Furthermore, the investment came as the government marked Women’s Entrepreneurship Day on November 19, recognising the importance of investing in the potential of women-owned and operated businesses. Today’s investments also include $7 million towards three female owned and/or operated businesses, Sheen Legend Packaging Corp., Summer Fresh Salads Inc. and Tempo Flexible Packaging Inc., which are expanding production to foster more resilient, economic growth.
“Investing in successful industries, like southern Ontario’s food processors and the businesses that support them, will lead to a growing economy that works for everyone. Today’s $12.7-million investment for these five leading businesses will create over 180 jobs for southern Ontario while showcasing and attracting talent to our thriving region. Our government will continue to make smart investments to grow the economy and create good jobs.” – The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.