Grants and Contributions:
Title:
1002602
Agreement Number:
1002602
Agreement Value:
$3,990,000.00
Agreement Date:
Jul 25, 2022 - Mar 31, 2025
Description:
To increase production capacity through facility retrofits to accommodate increased production capabilities and increase marketing and sales within Canada and the United States, expanding exports.
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:
CONCORD, Ontario, CA L4K 1G4
Reference Number:
062-2022-2023-Q4-00347
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:
Vaughan-Woodbridge
Federal Riding Number:
35111
Program:
Business Scale-up and Productivity (BSUP)
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:
335311