FedDev Ontario invests nearly $2.4 million to help three innovative food companies scale up and create 56 skilled jobs
Mississauga – Southern Ontario’s food sector is a key contributor to Canada’s economy. The Government of Canada is committed to creating opportunities for everyone to grow by providing businesses with the resources they need to create good jobs, accelerate their potential and bring new food innovations to market.
Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Iqwinder Gaheer, MP for Mississauga–Malton, visited Coco Bakery, a Mississauga-based French pastries manufacturer, where they met with employees and announced an investment of nearly $2.4 million towards the growth of three southern Ontario food manufacturing companies: Coco Bakery, Metzger Meats and Al-Shamas Food Products.
Ontario’s food and beverage manufacturing sector is vital to the Canadian economy. The sector is the third largest in North America with annual revenues of more than $48 billion and employing over 104,000 people. This investment will help these three companies adopt new equipment, increase their manufacturing capacity and create 56 jobs across southern Ontario.
The Government of Canada supports the diverse, hardworking manufacturers in the food industry so they can grow, scale up and reach their full potential. Today’s announcement is part of the Government of Canada’s plan to work with Canada’s largest grocery chains, food processors and other industry actors—both domestic and international—to stabilize food prices in Canada. The Government of Canada is continuing its work to stabilize grocery prices, build more homes and make life more affordable for Canadians. Additional details on the projects supported through today’s investment can be found in the backgrounder.
“Investing in southern Ontario’s food manufacturers and the businesses that support them is integral to ensuring that high-quality food reaches grocery store shelves and families across the country. Today’s investment of nearly $2.4 million will support three businesses as they showcase the abilities of our local food manufacturers, while also creating good jobs, and contributing to a strong southern Ontario economy.” – Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario