Archived — Canada's Economic Action Plan Invests in Businesses and Creates Jobs in Kingston Area
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L-R: Harvey Rosen, Mayor of Kingston; Hugh Segal, Senator for Kingston-Frontenac-Leeds; the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), and Stephen Wright, President of George A. Wright and Son Ltd., stand in front of George A. Wright & Son Ltd.'s latest metal fabrication machine. Source: FedDev Ontario.
For immediate release
April 7, 2010
Kingston, Ontario — Residents and businesses in the Kingston area will benefit from an investment of more than $4.8 million for three new economic stimulus projects. The announcement was made today by the Honourable Gary Goodyear, Minister of State responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), as well as Senator Hugh Segal, at George A. Wright & Son Ltd.
"These investments will create jobs and stimulate the local economy," said Minister Goodyear. "Our government is working with the people, businesses and communities of southern Ontario to help our region prosper now and in the future."
"Residents of Kingston benefit from stimulus projects like these, which encourage economic and community growth," said Senator Segal. "We are working hard to provide targeted support for the people of this region, to help it recover from the economic recession."
George A. Wright & Son Ltd., a machine and fabrication operator, will receive more than $1.7 million to expand its facility and purchase new equipment and extra large capacity machine tools in order to increase its production capacity.
"This support will allow our 115 year old manufacturing firm to expand into the underserved machining and fabrication market," said Stephen Wright, President of George A. Wright & Son Ltd. "Thanks to the Community Adjustment Fund, we will be able to finance our expansion and create needed manufacturing jobs in this community."
For additional details on local projects, please refer to the backgrounder. These projects will be funded under the Community Adjustment Fund in southern Ontario, which will create immediate employment opportunities and support the local economies that have been struggling with the effects of the global economic downturn.
Other projects approved under the Community Adjustment Fund will be announced over the coming weeks. Approved projects must meet the terms and conditions set out in their contribution agreements.
FedDev Ontario was created as part of the Canada's Economic Action Plan to support economic and community development, innovation, and economic diversification, with contributions to communities, businesses and non-profit organizations in southern Ontario. To learn more about FedDev Ontario and the Community Adjustment Fund in southern Ontario, please visit the website at www.feddevontario.gc.ca, or call 1-866-593-5505. For additional information on Canada's Economic Action Plan, visit www.actionplan.gc.ca.
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For more information, contact:
Director of Communications
Office of the Honourable Gary Goodyear
Listed below is a breakdown of the projects approved for funding under the second phase of the Community Adjustment Fund (CAF) in the Kingston area.
|Funding Recipient||Project Title||Total CAF contribution (up to)|
|City of Kingston||Infrastructure to service the St. Lawrence Business Park||$693,900|
|City of Kingston||Construction of roads to service the Cataraqui Industrial Estates||$2,408,112|
|George A. Wright & Son Ltd.||Expansion of facility and purchase of equipment and tools||$1,750,000|
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