Ontario Investing Over $4.1 Million to Protect Tariff-Impacted Workers and Businesses in Oxford

December 4, 2025

ArcelorMittal Tailored Blanks’ over $69.6 million project will protect and create 173 jobs

INGERSOLL —The Ontario government is investing $4,181,774, through the Ontario Together Trade Fund (OTTF) to support ArcelorMittal Tailored Blanks as they increase resilience, build capacity and re-shore critical supply chains to Ontario.

Through this project, ArcelorMittal Tailored Blanks is investing over $69,610,664 to construct a new facility to vertically integrate blanking operations and reshore production from the U.S. The project is expected to reduce U.S. tariff exposure, provide additional blanking capacity in Ontario and support revenue expansion to new sectors and provinces. The investment will create 28 new, good-paying jobs and protect 145 existing positions across Oxford.

“Through the Ontario Together Trade Fund, our government is stepping up for the businesses in our community who’ve been directly affected by U.S. tariffs,” said Ernie Hardeman, Member of Provincial Parliament for Oxford. “ArcelorMittal’s investment will help them adapt, stay competitive and continue creating good jobs in these uncertain times, all while helping make Ontario’s economy more competitive, resilient and self-reliant.”

First announced as part of the 2025 Ontario Budget, the OTTF is part of the province’s nearly $30 billion tariff relief and support plan, dedicated to protecting the province’s workers and businesses from economic uncertainty and building a more competitive, resilient and self-reliant economy. With a focus on small and medium-sized enterprises, the program will help businesses across a diverse range of sectors make the necessary investments to strengthen operations in Ontario, expand market reach and protect workers.

“This investment helps us bring high-quality manufacturing jobs to the people of Ingersoll and strengthens our long-term footprint in Ontario,” said Todd Baker, President and CEO, ArcelorMittal Tailored Blanks. “It demonstrates that even in a challenging environment, ArcelorMittal Tailored Blanks and the Government of Ontario are working together to ensure world-class manufacturing thrives in this province.”

Since its launch, the OTTF has received overwhelming demand, with more than 140 applications submitted as of October 2025. In response to this, the government recently announced an additional $100 million investment into the program, bringing the total funding to $150 million over three years. The increased support will enable businesses affected by U.S. tariffs to return production to Ontario, identify new sales opportunities and expand interprovincial trade.

“As U.S. tariffs continue to threaten Ontario’s critical industries, our government remains focused on ensuring our businesses have the resources needed to adapt and expand,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “By investing in ArcelorMittal Tailored Blanks through the Ontario Together Trade Fund, we are taking decisive action to enhance the competitiveness of our economy and increasing opportunities for Ontario businesses and workers, now and for generations to come.”

As Ontario continues to navigate the impact of U.S. tariffs and global economic uncertainty, the government remains focused on delivering critical funding, cutting red tape, unleashing the economy and supporting workers.

QUICK FACTS

  • The Ontario Together Trade Fund is a part of Ontario’s broader strategy to support advanced manufacturing and trade-impacted communities, launched or enhancedas part of the 2025 Ontario Budget, including the Ontario Made Manufacturing Investment Tax Credit, the Protect Ontario Financing Program and the Trade-Impacted Communities Program.
  • Through the OTTF, the government is also providing complementary supports and services to help businesses navigate regulatory requirements, connect with skilled talent and access government programs that accelerate project success.
  • Open to Ontario-based businesses investing a minimum of $200,000, eligible projects include modification of existing products to enter new sectors, procurement of advanced equipment and facility modification to enhance domestic manufacturing and sales expansion.

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