New federal funding is helping to support local manufacturing businesses in Chatham-Kent in the face of global trade pressures.
The Government of Canada, through FedDev Ontario, has announced more than $20 million in funding for eight businesses and organizations across the London and Chatham-Kent regions.
The manufacturers in CK include AarKel Tool & Die Inc, receiving $8.5 million; Five Star Tool and Die Ltd. as the recipient of $834,464; Ritch-Meyer Machine & Tool Inc. with $672,563 in funding; and Select Finishing, receiving $250,000.
As part of the Regional Tariff Response Initiative, the funds will help these organizations modernize operations, adopt advanced technologies, improve productivity, strengthen supply chains, and create new opportunities for growth and job creation.
The Municipality of Chatham-Kent praised the investments and support of local businesses.
“These investments are important for helping local businesses adapt, expand, and remain globally competitive,” said Stuart McFadden, Director of Economic Development & Tourism Services, in a news release. “Chatham-Kent continues to demonstrate strength in advanced manufacturing and industrial innovation, and this funding will support these companies as they invest in new technologies, improve efficiency, and position themselves for long-term success.”
The investment is part of a broader federal effort to strengthen domestic manufacturing capacity and economic resilience of Canadian businesses impacted by U.S.-imposed tariffs.