Federal Economic Development Agency for Southern Ontario

Federal Economic Development Agency for Southern Ontario

July 09, 2015 10:15 ET

Harper Government Supports Manufacturing in London

London MPs announce strategic federal investment in local business

LONDON, ONTARIO--(Marketwired - July 9, 2015) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

Susan Truppe, Member of Parliament for London North Centre, on behalf of FedDev Ontario Minister Gary Goodyear, announced today an investment of up to $974,338 for Artisan Metal Finishing to expand its facility and provide new and automated metal finishing services to existing and new market segments. MP Truppe was joined by Science and Technology Minister Ed Holder and Joe Preston, Member of Parliament for Elgin-Middlesex-London.

Artisan Metal Finishing is a growing, dynamic and customer-focused metal finishing company. It provides corrosion protection and decorative finishes for metal components used by manufacturers and Tier-1 suppliers in several industries such as automotive and plumbing.

Today's investment will allow Artisan Metal Finishing to expand its current facility and adopt new processes to improve the production capacity and efficiency of its existing lines. This will help the company better serve its existing clients as well as diversify its markets and increase export opportunities to the United States. This project is expected to create up to 11 full-time jobs and an additional 10 jobs in the two years following the project's completion.

The Harper Government's repayable contribution, through FedDev Ontario's Investing in Business Growth and Productivity initiative, is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.

Quick Facts

- In 2012, Artisan Metal Finishing received London's Featured Company award from the City of London and the London Economic Development Corporation for its demonstrated leadership in the industry, community mindedness, sustainability and growth, innovation, and as an employer of choice.

- Artisan Metal Finishing has been operating for over 25 years in London.

- Funding for this project will allow Artisan Metal Finishing to better serve its existing client and to diversify into new markets.

- What is good for Canadian manufacturers is good for Canadians, as they employ close to 1.7 million people all across the country, in high-quality, well-paying jobs.

- The Harper Government has provided 1.4 billion dollars or tax relief to the manufacturing sector and total business tax costs in Canada are now the lowest in the G7.

- Under the Economic Action Plan 2015, the Federal Government will provide manufacturers with a 10-year tax incentive, to boost productivity-enhancing investments and support business growth.

- Investing in Business Growth and Productivity funding is currently available for eligible small- and medium-sized enterprises and not-for-profit industry associations or regional economic development organizations.

Quotes

"Artisan Metal Finishing is yet another Canadian success that is expanding their operations and tapping into new markets. Our Government is proud to support companies like Artisan grow, create more high-quality jobs and build a stronger manufacturing sector for southern-Ontario.

- The Honourable Ed Holder, Minister of State (Science and Technology)

"Through Economic Action Plan 2015, our Government is committed to building a strong and competitive manufacturing sector in Ontario. Investments such as this will help create jobs, economic growth and long-term prosperity. We are proud to support Artisan Metal Finishing in their pursuits to expand geographically and reach new market segments."

- Susan Truppe, Member of Parliament for London North Centre

"Our Government continues to invest in innovative companies like this one and we will continue to invest in our dynamic manufacturing sector. We look forward to seeing Artisan's progress in this project and we look forward to seeing more success stories like this one."

- Joe Preston, Member of Parliament for Elgin-Middlesex-London

"Through capital investment, innovative initiatives and a strong management team, we have grown from six to 32 employees. Artisan Metal Finishing is now considered one of the strongest competitors within the metal finishing industry and, with the assistance of FedDev Ontario, we see even more growth for the future."

- Barry Foley, President, Artisan Metal Finishing

Related Products

Speech: Investing in Business Growth and Productivity Initiative Funding Announcement for Artisan Metal Finishing

Associated Links

Investing in Business Growth and Productivity initiative

Artisan Metal Finishing

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