Ontario Truss and Wall Ltd. will benefit from an investment announced today by Trenval Business Development Corporation.
Trenval is pleased to provide an investment of $75,000 for Ontario Truss and Wall Ltd. under the Rural Innovation Initiative Eastern Ontario (RIIEO), a project funded by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will support capital innovation, business expansion and productivity improvements resulting in the creation of two new full-time jobs that will benefit the Bay of Quinte area.
In operation for 35 years, Ontario Truss and Wall Ltd. has expanded its product line to include wall panels and floor systems as well as expanding their current truss capacity. With this funding, Ontario Truss and Wall Ltd. will purchase an automated overhead laser and projector system that will allow the company to increase productivity, scale their business to meet increased demand and capitalize on new sales opportunities.
Recognizing the vital role rural communities play in the region’s economy, FedDev Ontario is providing a total of $15 million over two years for the CFDCs in Eastern Ontario to deliver the RIIEO.
“Today’s announcement will better position Ontario Truss and Wall to grow and expand, while also building on the strengths of the eastern Ontario economy. Through these investments we are able to support our local communities, create good jobs for middle-class families and bring rural innovations to the forefront.” – The Honourable Mélanie Joly, Minister of Economic Development and Official Languages
“Trenval is pleased to provide support to Ontario Truss and Wall and help them accelerate capital innovation and business growth, allowing the company to position themselves competitively in eastern Ontario.” – Amber Darling, Executive Director, Trenval Business Development Corporation
“We are thrilled to be included in this Rural Innovation Initiative Eastern Ontario which will be instrumental in providing support to ensure our success and this will allow support for the growing housing market in our region and help increase the output of the local construction industry.” – Andrew Bryden, VP of Finance, Ontario Truss and Wall Ltd.
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