Grants and Contributions:

Title:
819867
Agreement Number:
819867
Agreement Value:
$44,300,000.00
Agreement Date:
Aug 1, 2024 - Jan 31, 2042
Description:
This project consists of Goodyear's expansion to its Napanee, Ontario facility, which will increase production, create additional jobs, and deepen the strength of the Canadian supply chain.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:

This investment will result in the expansion and modernization of Goodyear’s Napanee facility and will invest in new mixer technology to improve the mixing process of tire compounds and increase production by 2 million tires per year.

Location:
Toronto, Ontario, CA M8Z5E1
Reference Number:
033-2024-2025-Q2-819867
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
118941806
Recipient Type:
For-profit organization
Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (30/06/2027) to the current end date of the contract (31/01/2042). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date
Mar 31, 2026
Recipient's Operating Name:
Goodyear Canada Inc.
Recipient's Legal Name:
Goodyear Canada Inc.
Federal Riding Name:
Etobicoke--Lakeshore
Federal Riding Number:
35028
Program:
SIF Stream 2 - Growth
Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:
326210
Amendments: