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Bancroft this Week https://www.bancroftthisweek.com/local-manufacturer-receives-grant-for-new-product-line/ Export date: Wed Dec 4 8:28:31 2024 / +0000 GMT |
Local manufacturer receives grant for new product line From left, Jeff Pickney from the Ministry of Economic Development; Melanie Wright, project manager for Community Futures; Jimmy Haythornwaite, the owner of Universal Seal; Blaine Shannick, Plant Manager of Universal Seal; Mary Lynn Rutledge, General Manager of Community Futures as they celebrate the plant expansion. Photo submitted Universal Seal in Hastings Highlands just received a grant of $100,000 from the Community Futures Development Corporation (CFDC). The grant (conditional on project completion) represents a contribution to the costs of equipment and training to support the development of a new polyurethane seal product line. The new line will be sold world-wide. The new line is expected to increase the company's sales by $100,000 in just its first year. Existing staff will get new training, and two new workers will be hired. The 50 year old company currently has 24 full-time and two part-time employees. Plant Manager Blaine Shannick said this was part of a four-year expansion which will see over $800,000 in total invested. CFDC Chair Jim Etmanski added: “This expansion is an excellent example of how small scale manufacturing can prosper in rural eastern Ontario by generating innovative concepts and developing them into a reality.” In total, the Eastern Ontario Development Program plans to spend $48 million in the region over a five year period (2014-2019) in support of commercial and industrial innovation and economic development. Submitted |
| Excerpt: Universal Seal in Hastings Highlands just received a grant of $100,000 from the Community Futures Development Corporation (CFDC). The grant (conditional on project completion) represents a contribution to the costs of equipment and training to support the development of a new polyurethane seal product line. The new line will be sold world-wide. |
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Post date: 2016-04-28 00:27:31 Post date GMT: 2016-04-28 04:27:31 Post modified date: 2016-04-27 12:57:02 Post modified date GMT: 2016-04-27 16:57:02 |
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