An investment of more than $4.8 million for three new economic stimulus projects will benefit residents and businesses in the Kingston area.
This was announced by the Honourable Gary Goodyear, Minister of State responsible for the Federal Economic Development Agency for Southern Ontario, and Senator Hugh Segal, at George A. Wright & Son Ltd.
Minister Goodyear stated “These investments will create jobs and stimulate the local economy. Our government is working with the people, businesses and communities of southern Ontario to help our region prosper now and in the future.”
Senator Segal added “Residents of Kingston benefit from stimulus projects like these, which encourage economic and community growth …[and] to help it recover from the economic recession.”
A machine and fabrication operator, George A. Wright & Son Ltd., will receive over $1.7 million to purchase new equipment and to grow its facility in order to increase their production capacity.
“This support will allow our 115 year old manufacturing firm to expand into the underserved machining and fabrication market,” Stephen Wright, President of George A. Wright & Son Ltd. – a 115 year old company – said the investment would allow them to expand into the machining and fabrication market, and to create more manufacturing jobs in the area.
Two other projects also benefited from the investment, including infrastructure to service the St. Lawrence Business Park and the construction of roads to service the Cataraqui Industrial Estates.
These projects will be funded under the Community Adjustment Fund in southern Ontario, which was created to provide 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 are to be announced over the coming weeks.
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