Ontario’s government says it will contribute about $360,000 to a nearly $2.4-million investment by a rail car repair operation in Sarnia that is expected to create 11 new jobs.
Ontario’s government says it will contribute about $360,000 to a nearly $2.4-million investment by a rail car repair operation in Sarnia that is expected to create 11 new jobs.
Sarnia-Lambton MPP Bob Bailey said in a news release the provincial funding for OWS Rail Car Inc. is being delivered through Ontario’s Regional Investment Program.
OWS Rail Car provides repairs and maintenance at its Clifford Street location in Sarnia. The provincial funding will help the company expand new services, including locomotive repairs and maintenance, as well as modify its facilities and purchase new equipment and machinery, the news release said.
“It’s great to see OWS Rail Car Inc. invest in new technology and grow their market share while creating jobs and boosting the economy of Sarnia-Lambton and Ontario,” Bailey said.
Vic Fedeli, minister of economic development, job creation and trade, said the provincial government was “proud” to be working with the Sarnia company to expand its manufacturing capacity and “create good, local jobs.”
“We look forward to seeing more of these kinds of private-sector investments that are creating the conditions for long-term regional economic growth,” Fedeli said.
Government officials said more than $100 million being delivered through its regional development program from 2019 to 2023 is providing cost-sharing funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies and create jobs.
OWS Rail Car also received $832,000 from Canada’s FedDev in February 2021 to develop and install safety systems that will stop locomotives if they exceed speed limits.
At that time, OWS said it expected to double its workforce from 10 to 20.
With files from the London Free Press