To offset tariff pressures, the federal government has doled out more than $886,000 to a Stratford auto industry manufacturer.
MVA Stratford, a plastic injection mold parts producer, was awarded the money on Thursday.
London North Centre MP Peter Fragiskatos visited the business to announce the funds on behalf of Evan Soloman, the minister responsible for the Federal Economic Development Agency for Southern Ontario, also known as FedDev Ontario. It was also announced that London-based manufacturer Armo Tool is receiving $750,000.
“Today’s investment in MVA Stratford and Armo Tool will strengthen their roles in Canada’s automotive supply chain," said Fragiskatos. "These upgrades will enhance competitiveness, support regional economic growth, and build long-term resilience.”
The money comes from the Liberal government's $100 million regional tariff response initiative.
MVA will use its share of the funding to purchase new specialized equipment that will modernize its core production lines.
"The FedDev Ontario funding comes at a time of significant industry uncertainty, when long-standing partnerships are being tested," said MVA General Manager Eric Wheal. "This support enables MVA to invest in modern, energy-efficient machinery that secures our current business and strengthens our ability to pursue new opportunities, helping us continue our track record of success in the Stratford community.”
Both manufacturers stated the cash will help secure current staffing levels.
