Canada and Ontario investing in York Region food processor
The provincial and federal governments have invested more than $2.5 million to boost York Region’s local economy and grow Ontario’s food and beverage processing sector.
Federal and provincial representatives made the announcement today at Treasure Mills Inc. The Aurora area food processor received $100,000 to support improved efficiency and capacity in its facility by installing automated baking and washing equipment and improving refrigeration and drainage systems.
The upgraded equipment has reduced production costs by 10 per cent and increased product output by 200 per cent, enabling Treasure Mills Inc. to increase production and meet growing customer demand for its muffins, snack cakes, cookie bars and cupcakes.
Fifty projects in York Region have received funding through Growing Forward 2 – a federal-provincial-territorial initiative that provides funding for programs that improve innovation, competitiveness, market development, adaptability and industry sustainability in Canada’s agri-food and agri-products sectors.
These investments help achieve the federal government’s goal to support the agricultural and agri-food sector in a way that allows it to be a leader in job creation and innovation.
Investing in Ontario’s agri-food sector is part of the provincial government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario’s history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- Growing Forward 2 was launched in 2013 and is a five-year commitment by Canada’s federal, provincial and territorial governments to support Canada’s agri-food and agri-based products sector.
- Since 2013, the governments of Canada and Ontario have committed more than $44 million to almost 850 projects for food, beverage and processor businesses through Growing Forward 2 cost-shared funding assistance.
- Treasure Mills Inc. is a Canadian-owned company, manufacturing health-conscious baked goods and operating in a nut- and peanut-free facility with more than 30,000 square feet of production space.