Minister Joly announces designation that will help businesses facilitate exports and create trade opportunities, and a $3.9-million investment in local manufacturer
November 10, 2020 – Hamilton, Ontario
As Ontario’s most diversified economy, home to world-class post-secondary institutions, a wide range of industries, and at an opportune location for national and international trade, Hamilton is a key contributor to Ontario’s economy. As we work toward a strong recovery from the impacts of COVID-19, the Government of Canada continues to support local economic growth.
That’s why today, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, along with the Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West—Ancaster—Dundas, and Bob Bratina, Member of Parliament for Hamilton East—Stoney Creek, announced support for a local manufacturer, as well as Hamilton’s official designation as a Foreign Trade Zone (FTZ) Point.
$3.9 million investment for HT Productions Inc. (Whitebird)
The COVID-19 crisis has had unprecedented repercussions on key sectors of Ontario’s industry. The government of Canada is well-aware of the economic impacts of the health and economic crisis on manufacturing the businesses and it will continue to support job-creating businesses.
With an investment of almost $4 million from FedDev Ontario, Hamilton-based packaging manufacturer and supplier HT Productions Inc. (Whitebird) will expand its facility, acquire new cutting-edge advanced manufacturing equipment and transition to a new customer-centric online system to better accommodate customer orders. With this investment, this family-owned company will create 45 skilled jobs and maintain another 105 in Hamilton.
Hamilton as a Foreign Trade Zone Point
As the local economy continues to grow and diversify, the Government of Canada is helping to bolster Hamilton’s position as a great place to do business, create jobs and invest. To that end, Minister Joly, Minister Tassi and MP Bratina today announced Hamilton’s designation as an FTZ Point.
As the third FTZ point announced in Ontario and one of 14 in Canada, the designation will help position the Hamilton area as a hub for international trade. The area will be more attractive to businesses and foreign direct investment by offering a single point of access to resources and information relating to programs that relieve duties, tariffs and taxes for business.
This in turn will create local jobs and boost trade and export opportunities for existing businesses, while reinforcing Hamilton’s position as an integral hub and a key contributor to the economy. FedDev Ontario played a key role in helping to assess and engage with the Hamilton partners to achieve the FTZ designation.
This announcement demonstrates that the Government of Canada, through regional development agencies, is creating opportunities for businesses and trade to help position them for a stable, successful future.