VIDEO: Rave Reviews for Multi-Million Dollar Auto Investment
Praise for a new a multi-million dollar investment by the provincial government.
Minister of Economic Development, Job Creation and Trade, Vic Fedeli was in Windsor Tuesday to announce the Ontario Automotive Modernization Program.
It's a $10-million dollar program that will assist auto parts companies with training and technology upgrades. The program will cover up to 50% of eligible project costs up to $100,000 with recipient companies contributing the remainder through their own resources.
Chair of the Canadian Association of Mold Makers, Jonathan Azzopardi says Windsor-Essex is the heart of manufacturing and believes the program will make an impact.
"We have a lot of ground to make up when it comes to manufacturing and staying competitive and modernizing our equipment and our work force, but the province recognizing the fact that we need a little but of an investment from them, to de-risk investment is a great move," says Azzopardi. "It shows that this government is engaged and starting to see what it takes to be a manufacturer in Canada on a global market."
Azzopardi says jobs don't happen over night but is confident the new program will create jobs.
"Being able to be more competitive means we can land more work and land more work will land more jobs in the future right," says Azzopardi. "So the fact we can invest in new equipment, might not necessarily create new jobs right now because new equipment means streamlining but that means we can be more competitive which means we can get more projects on a global scale so it will create jobs for sure."
The program invests with small and medium-sized automotive parts suppliers in projects that fall under technology adoption and lean manufacturing.
Fedeli made the announcement at CAMM's Annual General Meeting being held at Caesars Windsor.