Grants and Contributions:
Title:
1018107
Agreement Number:
1018107
Agreement Value:
$6,000,000.00
Agreement Date:
Jun 30, 2024 - Mar 31, 2029
Description:
To equip a state-of-the-art Large Power Transformer facility with specialized equipment for high voltage testing, drying, and heavy production handling.
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:
INNISFIL, Ontario, CA L9S 3Z4
Reference Number:
062-2024-2025-Q4-00053
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
812124303
Recipient Type:
For-profit organization
Recipient's Operating Name:
Northern Transformer Corporation
Recipient's Legal Name:
Northern Transformer Corporation
Federal Riding Name:
Barrie-Innisfil
Federal Riding Number:
35004
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