Grants and Contributions:
Title:
812764
Agreement Number:
812764
Agreement Value:
$750,000.00
Agreement Date:
Jun 12, 2018 - Sep 30, 2021
Description:
Expansion of production capacity to grow revenue and expand to new markets (Mexico & US). Activities include facility expansion (by 10,000 sq ft) and acquisition of advanced manufacturing equipment.
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Location:
Kitchener, Ontario, CA N2B 3X6
Reference Number:
062-2022-2023-Q1-00357
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
133942458
Recipient Type:
For-profit organization
Recipient's Operating Name:
XLTool Inc.
Recipient's Legal Name:
XL Tool Inc.
Federal Riding Name:
Waterloo
Federal Riding Number:
35112
Program:
Business Scale-Up
Program Purpose:
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Coverage:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
NAICS Code:
333519