Linamar Corp. Plans $506.8 Million Expansion At Its Ontario, Canada, Production Center
01/12/2015
As an incentive the provincial government will provide a $50.25-million grant, with the government of Canada contributing $50.7 million in the form of a repayable loan. Provincial business grants are contingent on the company meeting investment and job targets.
"There's no shortage of regions that are willing to offer all kinds of incentives to companies," Linamar CEO Linda Hasenfratz said. "And I think it's wonderful to see our governments stepping up and being competitive." She said the company’s expansion project will focus on producing lighter, more efficient automobile transmissions and power train parts. The $101 million from the two governments will be used to purchase equipment and will fund research and development of new products.
"The 1,200 additional jobs will be right here in Guelph, and that's in addition to the existing jobs that will be protected," she said. "The funding is absolutely key to enabling the investment."
In addition to incentive grants, Linamar’s CEO praised the nation and province’s tax rate. "Our tax rate is a huge advantage, the lowest in the G7," she said. "We have an increased focus on free trade, which I think is fantastic to open up new markets to Canadian companies."
The province's incentive grant will come from its 10-year, $2.5-billion Jobs and Prosperity Fund, said Premier Kathleen Wynne.
"This is an example of the kind of investment, the kind of partnership that we can enter into because of that fund," she said. "The provincial and the federal governments both have a role to play in partnering and in making sure that growth can continue."
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024