To help manage tariff challenges, the federal government has provided over $886,000 to a manufacturer in Stratford’s auto sector.
MVA Stratford, which makes plastic injection molded parts, received the funding on Thursday.
London North Centre MP Peter Fragiskatos visited the company to share the news on behalf of Evan Soloman, who oversees the Federal Economic Development Agency for Southern Ontario, known as Fed Dev Ontario. It was also revealed that London-based manufacturer Armo Tool is 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 responding to regional tariffs.
MVA plans to use its portion of the funding 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 manufacturers mentioned that this financial support will help maintain their current workforce levels.
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