WINDSOR — The Ontario government is welcoming a $15 million investment by Cavalier Tool & Manufacturing Ltd., a global manufacturer of mid- to large-size molds used in several sectors, including the automotive sector. This investment will help the company adopt new technology to increase production at their Windsor facility and create 30 new jobs.
“We continue to grow our automotive supply chain by creating the right conditions for local manufacturers like Cavalier Tool & Manufacturing to invest,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “With support through our Regional Development Program, Cavalier Tool & Manufacturing will manufacture products that would otherwise have to be sourced outside of Ontario. Congratulations, Cavalier Tool & Manufacturing, and thank you for continuing to choose Ontario.”
Cavalier Tool & Manufacturing’s investment will help the company increase productivity and expand its product offerings to include larger tools and molds. This will strengthen supply chains across Canada by helping companies in the automotive, agricultural, manufacturing, recreational and commercial sectors reduce their reliance on imported tools and molds, while also creating good-paying local jobs. To support this investment, Ontario will provide the company with $2.25 million through the Advanced Manufacturing and Innovation Competitiveness stream of its Regional Development Program.
With $2.25M through our Advanced Manufacturing & Innovation Competitiveness stream they are creating 30 new jobs!
— Victor Fedeli (@VictorFedeli) September 14, 2023
“Cavalier is pleased to have the Ontario government’s participation in our expansion efforts,” said Tim Galbraith, General Manager of Cavalier Tool & Manufacturing Ltd. “Recognition of manufacturing, and its role as the economic engine here in Ontario, reinforces Cavalier’s initiative to concentrate on our growth locally. Support received through the Ministry of Economic Development, Job Creation and Trade will result in additional jobs at both Cavalier, and our supply chain partners.”
Ontario is investing $140 million through its Regional Development Program to help manufacturers across the province grow and address distinct regional priorities and challenges. To date, Ontario has provided more than $100 million to support more than 90 projects through the program, leveraging over $1 billion in new investments and helping to create more than 2,100 jobs in the province.
- The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
- In 2022, the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It supports advanced manufacturers across the province, including those in the automotive, aerospace, chemical, life sciences and steel sectors, to invest in the equipment, advanced technologies and the skilled workforce needed to improve competitiveness and growth, and to create and retain jobs across the province.
- As part of the 2023 Ontario Budget, the government introduced the Ontario Made Manufacturing Investment Tax Credit, which provides a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.
“Our government is building a strong Ontario and strengthening the economy by supporting key investments in Windsor-Tecumseh. Cavalier Tool & Manufacturing’s $15 million investment will help expand the products that they can offer, which not only solidifies their future but also creates 30 new good-paying jobs for workers and families in Windsor-Tecumseh.”
– Andrew Dowie
Member of Provincial Parliament for Windsor—Tecumseh
“This government has landed over $25 billion in auto manufacturing investment for Ontario. Today marks another great investment in the economy of our region. Essex County residents are going to have good-paying, secure jobs for years to come.”
– Anthony Leardi
Member of Provincial Parliament for Essex
“We are actively expanding our automotive supply chain by fostering an environment conducive to local manufacturers, such as Cavalier Tool & Manufacturing to make investments. This is achieved through our Regional Development Program, which assists manufacturers throughout the province in their growth endeavours and addresses unique regional needs and obstacles.”
– Trevor Jones
Member of Provincial Parliament for Chatham-Kent—Leamington
SOURCE Province of Ontario