Ontario Welcomes $3.5 Million Investment With Cameron Steel – Lindsay
KAWARTHA LAKES – The Ontario government is supporting an investment of over $3 million by Cameron Steel Inc. to boost local manufacturing and economic development. As part of this investment, the government is providing Cameron Steel Inc. with $436,853 in funding through the Regional Development Program’s Eastern Ontario Development Fund.
Laurie Scott, Member of Provincial Parliament for Haliburton-Kawartha Lakes-Brock, was pleased to stop by Cameron Steel Inc. to tour the facility and share the good news of this investment.
“Our government is building Ontario and strengthening the economy by supporting key investments in small communities like Lindsay,” said MPP Laurie Scott Haliburton-Kawartha Lakes-Brock. “This investment by Cameron Steel Inc. will grow local manufacturing and create better-paying jobs for workers and families in Lindsay and the surrounding area.”
Cameron Steel Inc. is continuing to build on it’s success story as a second-generation family-owned business. By proudly working alongside local high schools, offering apprenticeships, and co-op opportunities, Cameron Steel Inc. is helping to train, educate, and show young people the benefits of the skilled trades.
The total investment of $3,559,200 will be used to purchase a large capacity CNC floor-type boring mill.
“We are investing over $3 million in advanced manufacturing equipment and supporting infrastructure to enable us to increase productivity, production efficiencies and innovation resulting in growth in employment and total revenues, including sales into new markets,” said James Bogar – Owner of Cameron Steel Inc. “We are pleased to have the province’s support on this project with funding from the EODF program.”
As part of the government’s work to build the economy, Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to help meet regional needs. The program provides cost-shared funding to businesses, municipalities, and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.
Since 2019, Ontario has provided more than $68 million in support to 62 companies and organizations through the Regional Development Program. This funding has supported $736 million in investments to create more than 1,300 jobs in the province.
“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. “Investing in these types of community-building projects will help us continue to build Ontario and strengthen the economy. We thank Cameron Steel Inc. for making a significant impact in their community and for contributing to our province’s dynamic and growing manufacturing sector.”
- 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.
- The government recently launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It will support Ontario advanced manufacturers to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness and growth, and to create, retain and bring jobs back to every region of the province.
Legislative Affairs Advisor
Office of Laurie Scott, M.P.P.
Haliburton – Kawartha Lakes – Brock
Office: (416) 325-0277