A $5 million investment was made to Stanpac Inc., by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The investment is set to help Stanpac scale up the manufacturing of its compostable and recyclable packaging, and to create 30 jobs.
“This investment from FedDev Ontario has a significant impact on how Stanpac will be able to take our sustainable packaging innovations to market, not only here at home but to the more than 30 countries we export to presently, and beyond those to new markets,” said Matt Witt, Co-President, Stanpac Inc. “In addition, we will create more employment opportunities which in turn drive our continued sustainable packaging advances.”
This investment, through the Jobs and Growth Fund (JGF), supports the purchase of advanced manufacturing equipment to expedites Stanpac’s transition to sustainable packaging. The new machinery produces fully recyclable and compostable products, including a new paper-based bulk ice cream container.
“I am pleased that the Government of Canada is investing in an innovator like Stanpac. This funding is important because it will help the company to build and futureproof,” said Chris Bittle, Member of Parliament for St. Catharines.
The investment announcement was made during an event at Stanpac. The Honourable Filomena Tassi, Minister responsible for FedDev Ontario, Vance Badawey, Member of Parliament for Niagara Centre and Parliamentary Secretary to the Minister of Indigenous Services; and Bittle, were on hand.
“Ontario’s manufacturing industry is the engine that drives our national economy, and our government is investing in the people that make it run,” said Tassi. “I’m honoured to support Stanpac as they create good local jobs and develop greener packaging products. We will continue working together to deliver more for Canadians and grow an economy that works for everyone.”
