Ontario supporting Toromont’s investment of over $17.8 Million to expand manufacturing in Bradford West Gwillimbury

Toromont Industries Ltd. creating 60 new good-paying jobs locally

December 6, 2024

BRADFORD — The Ontario government is supporting an investment of $17.8 million by Toromont Industries Ltd. to install new production machinery in their Bradford plant. This project is part of an overall investment of $70 million in their new component remanufacturing facility, which boosts local manufacturing in York-Simcoe and will lead to 60 new high paying jobs in Bradford West Gwillimbury.

This funding was announced today by Caroline Mulroney, Member of Provincial Parliament for York-Simcoe. “Our government is building a strong Ontario and creating the conditions for a strong economy by supporting key investments in our community,” said Caroline Mulroney MPP for York-Simcoe. “Toromont’s investment will boost the local manufacturing sector and create more good-paying jobs for workers and families in York-Simcoe.”

Our government is providing Toromont Industries Ltd. with $225,000 through the Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream that provides financial support to advanced manufacturing companies.

This funding will support Toromont’s goal to install two new pieces of robotic machinery in their new Bradford facility. The robotic soda blast and robotic spray weld machines create production efficiencies that boost competitiveness and provide viability to the overall project. The modern equipment also reduces environmental impact and enables more efficient production flow.

“Toromont appreciates the support from the provincial government, and we are excited to be a part of the future growth of Bradford West Gwillimbury and the surrounding region. Made in Canada is an important foundation of our business, and we look forward to supporting our customers from this location for many years” said Michael McMillan, CEO of Toromont Industries Ltd.

“Our government is proud to support local manufacturers across the province as they grow and create more good-paying jobs in their communities,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We thank Toromont for their investment and for contributing to our province’s dynamic and growing manufacturing sector.”

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

  • As part of the 2023 Ontario Budget, the government is proposing a new Ontario Made Manufacturing Investment Tax Credit, which would provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.
  • The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support through the Eastern Ontario Development Fund and Southwestern Ontario Development Fund and guided access to a range of complementary services and supports.
  • In 2022, the Advanced Manufacturing & 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 by providing more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.

ADDITIONAL RESOURCES