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  • November 12, 2013

Creating New Manufacturing Jobs in Guelph

Ontario Helps Durose Grow its Business

November 12, 2013

Ontario is helping Durose Manufacturing Ltd.invest in new machinery and grow its business while creating 12 new jobs and retaining 89 existing jobs in Guelph.

The fabrication and finishing shop makes large steel components used in everything from buildings to heavy machinery. With support from the

Southwestern Ontario Development Fund, Durose is installing new equipment that will help the company take on larger projects, conduct more work in-house, and offer shorter delivery times and lower prices for its customers.

Modelled on the proven Eastern Ontario Development Fund, the Southwestern Ontario Development Fund is helping to create jobs and diversify the economy by encouraging regional businesses to pursue innovation and new markets. Together these two funds have created and retained more than 22,000 jobs and strengthened local economies.

Partnering with business is part of the government’s economic plan to create jobs and help people in their everyday lives by investing in people, building strong infrastructure and supporting a dynamic and innovative business climate across Ontario.

QUOTES

"Through the Southwestern Ontario Development Fund, our government is helping innovative companies become even more competitive and create new jobs. By partnering with business in this way, we can strengthen local economies and provide new opportunities for people in their everyday lives."

Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment

"The Southwestern Ontario Development Fund is assisting another Guelph company to grow and create jobs in our community. I’m delighted that our government has this opportunity to work with Durose – it shows how targeted government support can help an ambitious company move to the next level."

Liz Sandals, MPP for Guelph

"At Durose, our continuing focus is combining the latest technology with traditional values of craftsmanship and customer service. This investment in a vertical machining centre will enable us to fulfil larger projects in-house and offer even more options as a full-service fabricator."

Angelo Maggiolo, President, Durose Manufacturing Limited

 

QUICK FACTS

  • Ontario is providing a grant of $198,255 towards the project.

 

 

  • Sectors eligible for the fund include advanced manufacturing, processing, life sciences, information and communications technology, tourism and cultural industries.

 

  • Since October 2012, the government has committed $30 million through Southwestern Ontario Development Funding, leveraging a total investment of $285 million. These investments have helped to create over 1,600 new jobs and retained more than 5,400 existing jobs in the region.

 

  • As part of the Fall Economic Statement, Ontario is examining new measures to increase business investment — in particular, "pay or play" measures to boost R&D investment and encourage more employee training.

LEARN MORE

Find out if your business qualifies for the

Southwestern Ontario Development Fund.

Read the 2013 Ontario Economic Outlook and Fiscal Review.

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For more information, contact:

Jenny Waterston

Office of Liz Sandals, MPP

(519) 836-4190

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