Eight Ontario-based companies have been awarded more than $16 million in provincial funding to support expansion projects aimed at reducing the impact of U.S. tariffs and strengthening domestic supply chains.
The funding is being delivered through the Ontario Together Trade Fund, a $16.5 million program created to help Ontario businesses remain competitive amid trade pressures linked to tariffs imposed by the United States.
One of the recipients is Cargowall, a rolled steel manufacturer located on Lake Road in Bowmanville. The company is receiving $529,358 to support a $5.3 million investment that will add two automated roll-forming lines at its facility. The expansion will allow Cargowall to diversify into commercial construction and highway infrastructure products, creating 14 new jobs while protecting 29 existing positions.
Another major recipient is Modern Elevator Innovations in Burlington, which is receiving $2.33 million to support a $7.8 million expansion of its manufacturing facility. The project includes new automation equipment to increase production, reduce tariff exposure, and shift more sales toward domestic markets. The expansion will create 40 new jobs and protect 35 existing roles.
The first round of funding supports eight companies whose combined projects represent more than $120 million in total investments. These initiatives are expected to create over 300 new jobs while protecting nearly 1,200 existing positions across Ontario.
Additional funding recipients include:
- ArcelorMittal Tailored Blanks (Ingersoll): $4.18 million toward a $69.6 million greenfield facility expansion
- Burnco Manufacturing (Vaughan): $2.5 million to boost production capacity
- Mara Technologies (Markham): $2.23 million to expand manufacturing capabilities
- Aisin Canada (Stratford): $2.2 million to launch panoramic sunroof production
- Heali Medical (Concord): $1.71 million to reshore production and expand into global markets
- Letar Inc. (Vaughan): Over $800,000 to establish a new chemical processing facility
The province says the fund is designed to help businesses reduce tariff exposure, reshore critical operations, and diversify markets while strengthening Ontario’s long-term economic resilience
Photo Credits : Insauga
