There Is More Available Funding Within Reach Than You May Realize

PBSI EMC grants 400

July 18, 2019

Significant business growth challenges can be turned into growth opportunities with careful planning and use of Canadian government funding programs. Hiring and training employees, researching and developing innovative products/processes, expanding production and exports, and purchasing advanced technologies are just some of the ways that businesses plan to build a competitive edge; fortunately, these are all areas where companies can receive government grants and incentives.

New Programs and Funding Opportunities to consider;

Eastern Ontario Rural Innovation Initiative (RII): Eastern Ontario Manufacturers

Companies operating in Eastern Ontario regions can access up to $100,000 in government grants to identify growth opportunities, purchase and install the equipment to help get them there..

Business Scale-up and Productivity (BSP): Atlantic Canada Manufacturers

Reduce the costs of strategic technology development and implementation projects. Up to 50% of eligible project expenses to a maximum $20 million in conditionally repayable funding.

BC Rural Dividend Fund: British Columbia Manufacturers

British Columbia communities can access up to 60-100% of eligible project costs to a maximum $10,000 to $500,000 in grants per project.

Strategic Innovation Fund (SIF) Stream 5: All Canadian Manufacturers

Designed to support business investments into cutting-edge technologies and processes. Applicants may receive up to 20-50% of eligible project costs.

Funding for Technology R&D Collaborations: All Canadian Manufacturers

Mandated to enhance business productivity and diversify export opportunities, Canadian businesses will participate in collaborative projects led by consortium members.

Upcoming IDEaS Defence Technology Challenges: All Canadian Manufacturers

A federally-run incentive that invites Canadian manufacturers and technology developers to propose solutions to military and defence challenges.

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Bruce Kesler has assumed the role of Senior Director – Business Development. Bruce will be responsible for Service Wire’s largest strategic accounts and our growing Strategic Accounts Team.

Mark Gatewood has been promoted to the role of Vice President – Sales & Marketing. In this role, Gatewood will lead the efforts of Service Wire Company’s entire sales and marketing organization in all market verticals.

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Tri-Mach Announces the Purchase of an Additional 45,000 sq ft. Facility

Tri-Mach Elmira Facility

Recently, Tri-Mach Inc. was thrilled to announce the addition of a new 45,000 sq ft. facility. Located at 285 Union St., Elmira, ON, this facility expands Tri-Mach’s capabilities, allowing them to better serve the growing needs of their customers.

Positioning for growth, this additional facility will allow Tri-Mach to continue taking on large-scale projects, enhance product performance testing, and provide equipment storage for their customers. The building will also be the new home to their Skilled Trades Centre of Excellence.

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JMP Parent Company, CONVERGIX Acquires AGR Automation, Expanding Global Reach

Convergix Automation Solutions has completed the acquisition of AGR Automation (“AGR”), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry.

Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.

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