FedDev Ontario invests over $3.5 million for Fero International Inc. to bring its cost-effective, hospital-grade modular medical infrastructure to market and create 50 jobs
Stoney Creek – Growing the economy and making life more affordable for Canadians are the top priorities for the Government of Canada. That is why we are investing in local manufacturers that are creating innovative solutions to support our most critical sectors, including healthcare and housing, as quickly as possible.
Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Chad Collins, Member of Parliament for Hamilton East–Stoney Creek; and Lisa Hepfner, Member of Parliament for Hamilton Mountain, announced an investment of over $3.5-million towards the growth of Fero International Inc.. Fero is a woman-led manufacturing company based in Stoney Creek that provides cost-effective and rapidly deployable modular solutions for the healthcare, housing, long-term care and educational sectors, among others.
With this support from the Government of Canada, Fero will increase its in-house manufacturing capabilities to grow production of its modular infrastructure for the healthcare and life-sciences sector. These modular buildings can be used as labs, outpatient clinics, operating rooms, long-term care centres, and healthcare-related housing, among others, to help meet the additional space demands outside of hospital settings.
As a result, Fero will provide quick and sustainable alternatives to brick-and-mortar medical infrastructure that will reduce delivery times and support vulnerable populations in Canada and abroad. In addition, the project will also boost local supply chains and create 50 skilled jobs in the region. The Government of Canada is supporting businesses that are creating skilled jobs and finding solutions to modern problems. This is part of our Government’s plan to build more homes, make life more affordable and ensure Canada has a strong economy for generations to come.
“Southern Ontario’s manufacturing industry is a key contributor to Canada’s economy. Our government is investing in the people that make it possible. Investments in manufacturers, like Fero International Inc., are supporting new, affordable, made-in-Canada solutions to hospital capacity issues and will ensure a healthy future for generations.” – Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)