Ontario Welcomes More Than $4.2 Million Manufacturing Investment

York Metal Products Inc. will create 18 new, good-paying jobs in Thornhill

NEWS November 27th, 2024

THORNHILL — The Ontario government is supporting an investment of $4,210,000 by York Metal Products Inc. to boost local manufacturing and create 18 new, good-paying jobs in Thornhill.

This funding was announced today by Laura Smith, Member of Provincial Parliament for Thornhill.

“Our government is building a strong Ontario and creating the conditions for a strong economy by supporting key investments in our community,” said MPP Smith. “York Metal Products Inc.’s investment will boost the local manufacturing sector and create more good-paying jobs for workers and families in York Region.”

With this investment, York Metal Products Inc. will design and manufacture leak-proof transformer assemblies to support the rapid growth of the electric vehicle industry. The project will support a collaboration between Toronto Hydro Canadian Electrical Services Corporation (CES), with York Metal Products Inc. producing approximately 400 pole-mount and submersible transformer housings, CES will handle the assembly and testing of the units. The project will also see the manufacturing of transformer housing be re-shored from external jurisdictions to Ontario.

“Employing more than 800,000 workers across the province, Ontario’s manufacturing sector is the economic engine of our nation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Our government is proud to support local companies like York Metal Products as they expand their operations, and we thank them for their contributions to Ontario’s dynamic and growing manufacturing ecosystem.”

In support of this investment, Ontario is providing York Metal Products Inc. with $631,500 in funding through the Regional Development Program’s Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream.

“At York Metal Products, we extend our sincere gratitude for the invaluable support for our team and community. Our journey towards sustainability has been empowered by the acquisition of cutting-edge Advanced Manufacturing equipment, made possible by the support provided by this AMIC grant,” said David Myers, President at York Metal Products Inc. “This backing has not only facilitated the creation of new high-paying jobs but has also strategically positioned our company for robust growth, promising significant rewards for all stakeholders involved. The infusion of advanced technology not only enhances our operations but also brings forth benefits that extend to our dedicated employees and the broader local, provincial, and federal communities. We are immensely grateful for the support that propels us towards a brighter and more prosperous future.”

Ontario is investing $180 million through its Regional Development Program to help manufacturers across the province grow while supporting distinct regional priorities. To date, Ontario has supported more than 135 projects through the program, leveraging more than $1.9 billion in new investments and helping to create over 3,500 jobs.

QUICK FACTS

  • The government launched the Regional Development Program (RDP) for eastern and southwestern regions of 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.
  • In 2022, the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the RDP was launched to support advanced manufacturers across the province. Ontario is now providing additional funds to enhance the AMIC stream that will help more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.
  • The government is delivering tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses. These manufacturers could receive up to $2 million per year in tax support to help lower their costs, encourage innovation, and enhance competitiveness.
  • The 2024 Ontario Economic Outlook and Fiscal Review: Building Ontario for You continues to take a fiscally responsible and targeted approach to maintaining Ontario’s competitive status and unlocking new opportunities across key sectors.

ADDITIONAL RESOURCES

MEDIA CONTACTS
MPP Laura Smith’s Office
1136 Centre Street
Thornhill ON L4J 3M8
905-731-1178
Laura.smith@pc.ola.org