The Government of Canada, through the Federal Economic Development Agency for Southern Ontario, has announced a combined repayable investment of over $15 million to support the growth of eight businesses across the Greater Toronto and Hamilton Area.
The announcement was made by the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for FedDev Ontario.
We’re proud to share that A.B.M. Tool & Die Company Ltd., a City of Brampton-based manufacturer, is a recipient of this FedDev Ontario funding and is expecting to receive $1 million in repayable loans to augment its manufacturing capabilities through new equipment and support its expansion into the electric vehicle (EV) market.
“This funding correlates to our increased investments towards advanced manufacturing technologies, keeping A.B.M. Tool and Die at the forefront of innovation for motor vehicle parts manufacturing.” – Derek Andrulat, Business Development, A.B.M. Tool & Die Co. Ltd.
Investments like this play a critical role in strengthening Brampton’s advanced manufacturing ecosystem, supporting local job creation and positioning Brampton businesses to compete in global supply chains, particularly in high-growth sectors such as electric vehicles and clean technology.
Invest Brampton congratulates A.B.M. Tool & Die Company Ltd. on this milestone and thanks FedDev Ontario for its continued commitment to supporting innovation, productivity and business growth in Brampton.
Original source: Backgrounder: Eight Greater Toronto and Hamilton Area businesses receive support to scale up and grow – Canada.ca
About Brampton’s Advanced Manufacturing Sector
Brampton’s advanced manufacturing sector is a powerhouse of innovation, precision, and technological excellence. Positioned at the heart of Canada’s Innovation Corridor, Brampton is home to world-class companies that drive progress across industries like aerospace, defense, automotive and cleantech. With cutting-edge facilities, a highly skilled workforce and a commitment to sustainability, Brampton is shaping the future of manufacturing, attracting global investments and fostering economic growth.
About the City of Brampton
As one of the fastest-growing cities in Canada, Brampton is home to 800,000 people and more than 122,000 businesses. People are at the heart of everything we do. We are energized by our diverse communities, we attract investment, and we are embarking on a journey to lead technological and environmental innovation. We partner for progress to build a healthy city that is safe, sustainable, and successful. Visit brampton.ca to learn more.
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