Grants and Contributions:
Title:
900773
Agreement Number:
900773
Agreement Value:
$1,000,000.00
Agreement Date:
Sep 30, 2026 - Dec 31, 2027
Description:
Equipment expansion, modernization and automation to increase production capacity, improve productivity and produce new steel and aluminum products for the mining, manufacturing and forestry sectors, while mitigating the pressures of tariffs.
Organization:
Federal Economic Development Agency for Northern Ontario
Expected Results:
Acquiring and commissioning new innovative equipment necessary to diversify product offerings due to market uncertainties caused by looming tariffs.
Location:
SUDBURY, Ontario, CA P3E 4R6
Reference Number:
200-2026-2027-Q1-031
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
762340271
Recipient Type:
For-profit organization
Additional Information:
Non-Repayable Contribution 2026/27 to 2027/28
Recipient's Operating Name:
Prospec Steel Fabrication Limited
Recipient's Legal Name:
Prospec Steel Fabrication Limited
Federal Riding Name:
Sudbury
Federal Riding Number:
35103
Program:
Regional Tariff Response Initiative
Program Purpose:
To provide streamlined, nationally consistent and yet regionally tailored support for business productivity and scale-up, particularly for small and medium-sized enterprises (SMEs) and women entrepreneurs and other underrepresented groups, and assist the enhancement of regional industrial and technology clusters and regional innovation ecosystems.
Coverage:
North East ON / Nord-est ON
NAICS Code:
3327