Ontario Welcomes Over $4.7M Manufacturing Investment in Richmond Hill

E.B. Box Company will create 22 new good-paying jobs in Richmond Hill

RICHMOND HILL — The Ontario government is supporting an investment of $4,715,000 by E.B. Box Company to boost local manufacturing and create 22 new good-paying jobs in Richmond Hill.

This funding was announced today by Michael Parsa, Member of Provincial Parliament for Aurora-Oak Ridges-Richmond Hill.

“Our government is building a strong Ontario and creating the conditions for a strong economy by supporting key investments in our community,” said MPP Parsa. “E.B. Box’s  investment will boost the local manufacturing sector and create more good-paying jobs for workers and families in York Region.”

With this investment, E.B. Box will expand their facility by 50 per cent and invest in new machinery to increase their manufacturing capability.

“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. “Our government is proud to support local companies like E.B. Box  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, the government is providing E.B. Box Company with $707,250 in funding through the Regional Development Program’s Advanced Manufacturing and Innovation Competitiveness (AMIC) stream.

“E.B. Box Company would like to sincerely thank the Ontario government for the AMIC funding, which has significantly enhanced our productivity by enabling increased production efficiencies and fostering innovation. This support has not only strengthened our competitive edge but has also contributed to meaningful growth in employment within our organization. We are grateful for this vital investment in our future.” said Shafreen Rajabali, Director of Operations.

Ontario is investing $180 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 135 projects through the program, leveraging more than $1.9 billion in new investments and helping to create over 3,500 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 is delivering tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses. These manufacturers could receive up to $2 million per year in tax support to help lower their costs, encourage innovation, and enhance competitiveness.
  • The 2024 Ontario Economic Outlook and Fiscal Review: Building Ontario for You continues to take a fiscally responsible and targeted approach to maintaining Ontario’s competitive status and unlocking new opportunities across key sectors.

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