Six local manufacturers receive an economic boost from the federal government
It's a text-book example of how the supply chain works.
Edge Automation builds the components for machines that manufacturers will then use to build parts for a wide range of applications; that can range from 3M respirator kits to auto parts.
Edge Automation President Gerard Regier says the company has seen the value in diversification, "When we began over 20 years ago, we were all automotive. We have diversified, but we are still over 50 per cent automotive."
London-based Edge Automation is one of six manufactures from Stratford to Leamington (Edge Automation Inc., MTO Metal Products Ltd., New-Form Tools Ltd., Roden Manufacturing, Tradeline Products Inc. and UE Enclosures) receiving a share of a $7.7 million interest-free loan from FedDev Ontario, the federal agency responsible for economic development initiatives in the Southwestern Ontario.
The funding was announced Wednesday morning.
Edge is receiving $1.1 million towards their $2.5 dollar plan for expansion and equipment improvements.
Advanced manufacturing components assembled at Edge Automation in London (Gerry Dewan/CTV News London)
"We know that investing in companies for them to be able to grow, for them to be able to compete globally, is critical," MP Bryan May told CTV News. May is parliamentary assistant to the Minister Responsible for FedDev Ontario.
He said that he believes the loans will allow companies to pivot quickly in an environment where technologies are constantly evolving.
He pointed to the electric vehicle sector as an example, "Competition globally is fierce. I mean, we need to focus on supporting our local manufacturing supply chain and, quite frankly, building it from scratch. There's no EV supply chain to speak of in Canada."
Along with a building addition containing new lifts, Edge Automation has added more advanced computer numerical control (CNC) machines that allow for more precise machining.
Regier said the workforce is primarily made up of engineers, programmers and high-end skilled trades people, "Our tradespeople, engineers and programmers collaborate and work hand in hand, learning from one another and helping each other successfully complete every project."
Regier said that the funding has helped Edge Automation hire six additional staffers and more hiring is planned.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.7009094.1724264401!/httpImage/image.jpeg_gen/derivatives/landscape_800/image.jpeg)
'Intimate partner violence' led to triple homicide in McCreary: Manitoba RCMP
A 'horrific act of intimate partner violence' is what led to a triple homicide in McCreary, Man. last week according to RCMP.
LIVE UPDATES DNC day 3: Walz is expected to accept the party's nomination for vice-president
U.S. vice-presidential nominee Tim Walz and former U.S. president Bill Clinton will headline the Democratic National Convention on Wednesday, the third day of the party’s choreographed rollout of a new candidate, Kamala Harris, and her pitch to voters.
Being here 'means something': Why one federal party leader is attending the DNC
While the stakes for Canada may be high in the upcoming U.S. presidential election, only one Canadian federal party leader has actually attended either the Republican or Democratic national conventions.
Multiple Jewish organizations, hospitals across Canada receive identical bomb threats
More than 100 synagogues, Jewish organizations and doctors in multiple cities across the country were on high alert Wednesday after they received the same threatening email.
Tory MP deletes post that claimed cost of living is driving parents to traffic kids
Conservative MP Michelle Ferreri has deleted a post on X that claimed the affordability crisis has driven parents to traffic their kids.
'Caught me by surprise': Rare 'blue' frog spotted in Nova Scotia
When a Nova Scotia woman set out on a walk, she ended up discovering something very colourful - a rare 'blue' frog.
Kansas mom sentenced to life in prison after her 2-year-old son fatally shot her 4-year-old daughter
Kansas mom sentenced to life in prison after her 2-year-old son fatally shot her 4-year-old daughter
Ontario premier defends plan to close 10 supervised drug consumption sites, despite experts calling for more to open
Premier Doug Ford is defending his government’s decision to shutter 10 of Ontario’s 23 supervised drug consumption sites due to their proximity to schools and child care centres.
Alicia Silverstone is 'alive and well' after concern over her possibly poisonous snack
'Clueless' star Alicia Silverstone sparked concern after she posted a video in which she took a bite into what some of her followers speculated was poisonous fruit.