Grants and Contributions:

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Title:

Project Source North

Agreement Number:

812797

Agreement Value:

$20,000,000.00

Agreement Date:

Aug 1, 2019 - Oct 31, 2024

Description:

Woodbridge will modernize two of its plants into state-of-the-art manufacturing facilities and create a Centre of Excellence where it will centralize its global research and development (R&D) activities in advanced materials and product design of molded foam products, such as car seats and armrests. This will help the company increase production, better meet market demand for products, secure new business, and create and maintain highly skilled manufacturing jobs in Canada.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

Canadians will benefit from vehicles that are safer and more energy efficient, and offer a better driving experience. As part of the project, Woodbridge will invest more in R&D, see more intellectual property developed and retained in Canada, and expand its collaboration with high schools and post-secondary institutions.

Location:

Mississauga, Ontario, CA L4Z2G6

Reference Number:

033-2019-2020-Q3-812797

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

105733158

Recipient Type:

For-profit organization

Recipient's Operating Name:

The Woodbridge Group

Recipient's Legal Name:

Woodbridge Foam Corporation

Federal Riding Name:

Chatham-Kent--Leamington

Federal Riding Number:

35017

Program:

SIF Stream3- Attraction

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:

326150