Grants and Contributions:
Title:
900629
Agreement Number:
900629
Agreement Value:
$55,000.00
Agreement Date:
Dec 1, 2025 - May 1, 2026
Description:
Acquisition of CNC equipment to improve production capacity, reduce costs, and enable manufacturing of complex parts, supported by employee training and hiring to enhance competitiveness and grow sales.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
The project will deliver economic benefits through the acquisition of innovative CNC equipment, the support of 30% of one full-time position and business modernization. These improvements will address inefficiencies and increase productivity through the introduction of advanced CNC technology.
Location:
VERNER, Ontario, CA P0H 2M0
Reference Number:
200-2025-2026-Q3-046
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
834107583
Recipient Type:
For-profit organization
Additional Information:
Non-Repayable Contribution 2025/26 to 2026/27
Recipient's Operating Name:
Old Forge Manufacturing Ltd
Recipient's Legal Name:
Old Forge Manufacturing Ltd
Research Organization:
Old Forge Manufacturing Ltd
Federal Riding Name:
Sudbury East—Manitoulin—Nickel Belt
Federal Riding Number:
35104
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
NAICS Code:
332710