Grants and Contributions:
Title:
814902
Agreement Number:
814902
Agreement Value:
$345,000.00
Agreement Date:
Apr 2, 2019 - Mar 31, 2020
Description:
The project is to upgrade technology and production process through equipment acquisition and retrofit of existing equipment, which will increase efficiency and revenue.
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To maintain and create jobs as well as promote economic growth through adoption of innovative technologies and processes.
Location:
Concord, Ontario, CA L4K1G4
Reference Number:
062-2019-2020-Q3-00053
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
121255772
Recipient Type:
For-profit organization
Recipient's Operating Name:
Rex Power Magnetics
Recipient's Legal Name:
Transfactor Industries Inc.
Federal Riding Name:
Thornhill
Federal Riding Number:
35104
Program:
Steel and Aluminum Initiative
Program Purpose:
To bolster the productivity and competitiveness of small- and medium-sized enterprises operating within the Canadian steel and aluminum supply chain through investments in innovative projects.
Coverage:
To maintain and create jobs as well as promote economic growth through adoption of innovative technologies and processes.
NAICS Code:
332999 - All Other Miscellaneous Fabricated Metal