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Premier Kathleen Wynne announced Monday, Jan. 12th that Ontario is partnering with Linamar to create 1,200 jobs over the next 10 years.
Linamar is a global auto parts manufacturer based in Guelph. The company is investing in its research and development facilities to enhance the long-term competitiveness of its Ontario operations. The total investment is valued at $506.8 million, which will include $50.25 million in support from Ontario.
Linamar selected Ontario for this major development project because of Ontario’s highly skilled workforce and R&D capabilities. The investment will enable the company to develop and produce components for the next generation of fuel-efficient cars and capture a growing share of the North American automotive market.
Attracting new investments and helping the province’s businesses compete globally is part of the government’s economic plan for Ontario. The four-part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure retirement savings plan.
This story originally appeared on The Weekly Voice.
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