Grants and Contributions:
Title:
900841
Agreement Number:
900841
Agreement Value:
$452,187.00
Agreement Date:
Apr 1, 2025 - Jul 31, 2027
Description:
A steel machinist and supply company formerly focused on the forestry sector seeking to reframe and pivot its operations towards a more diverse customer base, including critical minerals, to mitigate tariff impacts.
Organization:
Federal Economic Development Agency for Northern Ontario
Expected Results:
Northern Ontario's businesses are innovative and growing; and regional innovation ecosystems are strong, dynamic and inclusive.
Location:
THUNDER BAY, Ontario, CA P7B 5M6
Reference Number:
200-2026-2027-Q2-041
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
101477834
Recipient Type:
For-profit organization
Additional Information:
Non-Repayable Contribution 2025/26 to 2027/28
Amendment Date
0001-01-01T00:00:00
Recipient's Operating Name:
Peterson Machine
Recipient's Legal Name:
PETERSON MACHINE & SUPPLY INC.
Federal Riding Name:
Thunder Bay—Rainy River
Federal Riding Number:
35107
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 West ON / Nord-ouest ON
NAICS Code:
3312
Amendments: