McRae Imaging Inc.’s investment will strengthen Ontario’s manufacturing sector and create 5 new good-paying jobs in Mississauga—Erin Mills
The Ontario government is welcoming an investment of over $4,344,000 by McRae Imaging Inc. to boost local manufacturing capabilities and create 5 new good-paying jobs in Mississauga.
The investment was announced by Sheref Sabawy, Member of Provincial Parliament for Mississauga—Erin Mills.
“By supporting strategic investments from regional businesses, our government is protecting Ontario’s workers and creating the conditions for a strong, stable, and resilient economy that can weather any storm,” said MPP Sabawy. “McRae Imaging’s investment will support growth and innovation across the local manufacturing sector and create more good-paying jobs for workers and families in Mississauga.”
McRae Imaging’s investment will enable the company to expand its production capacity and introduce a new manufacturing process that integrates wood-based materials into their product line in replacement of aluminum and metal. This advancement will allow the homegrown company to enhance efficiency, reduce production costs, and strengthen their global competitiveness.
“Employing more than 800,000 workers across the province, Ontario’s manufacturing sector is the economic engine of our nation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade, in a written statement. “Our government is proud to support local companies like McRae Imaging as they expand their operations, and we thank them for their contributions to Ontario’s dynamic and growing manufacturing ecosystem.”
In support of this investment, Ontario is providing McRae Imaging Inc. with $651,681 in funding through the Regional Development Program’s Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream.
“McRae Imaging is committed to developing next-generation products that address sustainability and reduce environmental waste,” said Robert Murray, CEO of McRae Imaging. This strategic investment is critical for creating unique product offerings and maintaining global competitiveness in today’s uncertain economic landscape.”
Ontario is investing over $210 million through its Regional Development Program to help manufacturers across the province grow while supporting distinct regional priorities. To date, Ontario has supported more than 170 projects through the program, leveraging more than $2.3 billion in new investments and helping to create over 4,300 jobs.
Quick Facts
- The government launched the Regional Development Program (RDP) for eastern and southwestern regions of Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
- In 2022, the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the RDP was launched to support advanced manufacturers across the province. Ontario is now providing additional funds to enhance the AMIC stream that will help more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.
- The government continues to provide tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses.
- Additionally, Ontario has launched a new $50 million Ontario Together Trade Fund to assist local businesses in taking advantage of new interprovincial trade opportunities.
