The federal government has provided a Windsor manufacturer with funding for equipment upgrades and automation.
Wayne Long, federal Secretary of State for the Canada Revenue Agency and Financial Institutions, was in Windsor on Friday to announce a $700,000 investment for Next Gen Mold Technologies.
The funding will come from FedDev Ontario, by way of the Regional Tariff Response Initiative.
Long said that the investment will help companies like Next Gen compete and thrive in an environment affected by U.S. tariffs.
"The Government of Canada is supporting workers and businesses by making strategic investments like this one in NextGen Mold Technologies," said Long. "This investment is one of many to strengthen Canada’s economic foundation, enhance supply chains that support key industries like our auto sector, and help businesses become more competitive, create jobs, and drive long-term growth."
The money will be used to enhance the company's equipment and modernize its automation technology.
Next Gen, founded in 2021, has become a key supplier of plastic injection and compression molds for the auto industry.
