To help deal with tariff challenges, the federal government has provided over $886,000 to a Stratford auto manufacturer.
MVA Stratford, which specializes in producing plastic injection mold parts, received the funding on Thursday.
London North Centre MP Peter Fragiskatos visited the company to announce the funding on behalf of Evan Soloman, who is in charge of the Federal Economic Development Agency for Southern Ontario, also known as Fed Dev Ontario. It was also revealed that Armo Tool, based in London, will be getting $750,000.
“Today’s investment in MVA Stratford and Armo Tool will strengthen their roles in Canada’s automotive supply chain,” said Fragiskatos. “These upgrades will enhance competitiveness, support regional economic growth, and build long-term resilience.”
The funds are part of the Liberal government’s $100 million initiative aimed at responding to regional tariffs.
MVA plans to use its portion of the money to buy new specialized equipment that will modernize its main production lines.
“The Fed Dev Ontario funding comes at a time of significant industry uncertainty when long-standing partnerships are being tested,” said MVA General Manager Eric Wheal. “This support enables MVA to invest in modern, energy-efficient machinery that secures our current business and strengthens our ability to pursue new opportunities, helping us continue our track record of success in the Stratford community.”
Both companies mentioned that this funding will help maintain their current workforce levels.
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