From L-R: Shawn Watling, Rad Tracker; Bill Book, GB Book Plastics; Wendy Curtis Executive Director, Northumberland CFDC; Ryan Worral, WORBO; Bill Prentice and Fred Jackson, RotoSpa; The Hon. Maryam Monsef MP Peterborough-Kawartha; Wendy Dozois,Gus’s Kitchen and Bath; Paul Lum, Dufferin Concrete (Division of CRH Canada Group); Deputy Warden and Selwyn Mayor Mary Smith; Jeff Day, Executive Director Community Futures Peterborough.
Peterborough Accelerates Innovation, Receives Eastern Ontario Development Program Support
December 8, 2017 – Peterborough, Ontario
Six Peterborough-based companies will benefit from an investment announced today by Northumberland Community Futures Development Corporation (CFDC) and the Honourable Maryam Monsef, Minister of Status of Women and Member of Parliament for Peterborough—Kawartha.
The Northumberland CFDC is pleased to collaborate with Gus’s Kitchen and Bath, ROTOSPA, Rad Tracker Corporation, G.B. Book Plastics Ltd, WORBO Inc. and Dufferin Concrete to accelerate manufacturing innovation, and business expansion. The projects will create up to 37 new, full-time positions in Eastern Ontario.
The investment of up to $600,000, under the Eastern Ontario Development Program’s Collaborative Economic Development Projects (CEDP) stream, will be matched by $2,243,900 in incremental private investment. This momentum aligns Eastern Ontario with the federal government’s goal to make Canada a global centre for innovation – one that creates jobs, drives growth across industries and improves the lives of Canadians.
About the recipients:
Gus’s Kitchen and Bath – Family-owned and operated, offering kitchen and bath finishes and fixtures, Gus’s Kitchen and bath will invest in capital expansion through the addition of granite cutting equipment. This investment will allow for productivity across product supply and turnaround times on orders to meet high customer demand within the area.
ROTOSPA – Offering portable, affordable, one piece free standing hot tubs, ROTOSPA has invested funding into manufacturing innovation. Enhancements of the rotational moulding process will be achieved through automation and improved mould design, providing productivity, efficiency improvements, and increased production output.
Rad Tracker Corporation – An innovation-driven engineering, prototyping and manufacturing company – funding will be invested into the startup and commercialization of patent pending technology for high-speed tracked vehicles.
G.B. Book Plastics Ltd – A custom supplier of precision plastic moulded parts, G.B. Book Plastics Ltd have invested this funding into manufacturing innovation through the addition of a state-of-the-art advanced, all electric molding machine. This capital expansion provides business expansion into new market segments, reduced production costs and increased efficiency.
WORBO Inc. – A world leader in thermal protection technology, WORBO Inc. manufactures and custom fabricates high-temperature insulation sleeves, curtains, covers and thermal barrier systems for a wide range of industrial applications. Funding will be invested directly into the growth of the company and expansion of capabilities through business expansion and acquisition.
Dufferin Concrete – a division of CRH Canada Group Inc., one of the country’s largest vertically integrated building materials and construction companies will invest funding into a pilot program at the Peterborough facility to test an innovative clean technology.
“This funding provides these six businesses with the opportunity to take their products and services to the next level, and ultimately means a stronger local economy here in Peterborough—Kawartha, and Ontario. Collaboration between the government and the private sector gets results, like more jobs for our region. Our government is committed to growing the economy, and initiatives like this help provide new high-quality jobs for people here in our community. ”
– The Honourable Maryam Monsef, Minister of Status of Women and Member of Parliament for Peterborough—Kawartha
“Northumberland CFDC is pleased to announce this combined investment into the Peterborough area across these six recipients. Not only will this result in growth expansion for these businesses and the area, it will also allow them to position themselves to compete in the global economy through innovation and technological advances.”
– Wendy Curtis, Executive Director, Northumberland CFDC
About Northumberland CFDC:
Northumberland CFDC is an independent business development organization focused on supporting innovation and entrepreneurship as pathways to economic development and diversification. Working in collaboration with the 14 other CFDCs of Eastern Ontario, Northumberland CFDC is driving the delivery of the CEDP stream of the Eastern Ontario Development Program, an initiative from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
About the Eastern Ontario Development Program (EODP):
The Eastern Ontario Development Program (EODP) is a $48-million initiative that advances economic development in rural eastern Ontario. Through EODP, FedDev Ontario is collaborating with Community Futures Development Corporations (CFDCs) in eastern Ontario and Community Futures Ontario East to promote the growth of new and existing businesses in rural communities.
Office of Maryam Monsef, MP for Peterborough—Kawartha
Northumberland CFDC – Executive Director