Province Invests in Tillsonburg Manufacturer to Boost Regional Economy

Ontario supports more than $2 million surge into Southwestern Ontario economy with $300,000 from Regional Development Program

TILLSONBURG – Ernie Hardeman, MPP for Oxford announced today that the Ontario government is supporting an investment of $2 million by Tillsonburg Tube Inc. to strengthen the domestic manufacturing sector and attract new investments to the local economy while supporting the province’s economic growth. The province is investing $300,000 through the Regional Development Program, which will help create 5 new jobs. .

The project will allow Tillsonburg Tube Inc. to build a 24,000 sq ft. plant addition to accommodate the integration of Fibre Optic Laser Tube cutting equipment to their business. Through this integration, the company will be better positioned to offer engineered-to-order, short-run, just-in-time production in both the healthcare furniture and agriculture greenhouse sectors.

Tillsonburg Tube’s core business has been manufacturing metal components for the healthcare furniture industry. In the past 8 years, Tillsonburg Tube has added the TunnelTech product to its business. This includes the design, production and installation of agricultural greenhouses.

“Since taking office, our government has sent a clear message that Ontario is open for business and open for jobs,” said MPP Hardeman. “We’re creating an environment where businesses can focus on what they do best – developing great products and services and building successful companies. It’s great to see Tillsonburg Tube invest in new technology and grow its market share while creating jobs and boosting the economy of Oxford and Ontario.”

“Ontario is proud to be working with Tillsonburg Tube Inc. to expand their manufacturing capabilities and create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We look forward to seeing more of these kinds of private-sector investments that are creating the conditions for long-term regional economic growth. We thank Tillsonburg Tube Inc. for contributing to our province’s dynamic and growing manufacturing sector and economic recovery.”

“This funding is a major piece to our growth plan here in Tillsonburg,” said Keith Prince, President and Owner of Tillsonburg Tube. “It will help us grow and modernize our facility and provide top quality job opportunities for the area now and in the future. We couldn’t have implemented our plan without it.”

Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.

 

Quick Facts The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support through the Eastern Ontario Development Fund (EODF) and Southwestern Ontario Development Fund (SWODF) and guided access to a range of complementary services and supports. The government recently launched the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the Regional Development Program to help support Ontario advanced manufacturers to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness, growth, and create, retain and bring jobs back to every region of the province.

Additional Resources Learn more about the Regional Development Program