Based on the latest job numbers, the unemployment rate in Canada sits at a robust 5.8 percent. In a bid to push the rate to even healthier territory, the Ontario government is investing in one of the country's - and the province's - largest industries: manufacturing.
One of these efforts is being made possible through the Jobs and Prosperity Fund, as an estimated $80.5 million will be put toward the development of a 3-D printing center in Oakville, the Ministry of Economic Development and Growth recently announced in partnership with Burloak Technologies. In so doing, the move has the potential to create or support approximately 65 manufacturing positions while retaining an additional 16.
Kevin Flynn, a member of Oakville's provincial parliament, said he's encouraged by the government's plan and what's in store for the hardworking people of his city.
"This announcement is proof that Oakville is a great place to do business," Flynn explained in a press release. "The expansion was not only made possible by the continued investment by our government, but also thanks to the amazing workforce in Oakville, further solidifying it as a true hub of innovation and manufacturing."
5,200 people work for Samuel, Son & Co. worldwide
Burloak Industries is a division of Samuel, Son & Co., one of North America's largest manufacturing organizations. With more than 100 facilities all over the world, Samuel, Son & Co. has a workforce that totals 5,200 employees.
Steven Del Duca, minister of Economic Development and Growth, stated what makes this project extra special is Burloak Industries is an Ontario native.
"Burloak Technologies is integral to Ontario's thriving advanced manufacturing sector and is a great example of a homegrown success story," Del Duca said.
Del Duca further noted how this joint effort is proof positive that the private and public sectors working together can bring lasting, meaningful results, driving Canada's manufacturing and economic success to higher climes.
The Jobs and Prosperity Fund has helped to refine Ontario's growth. Through 2028, the Ontario government plans to spend an additional $900 million in the fund's enhancement, which will be put toward creating more than 70,000 jobs throughout the province.
The 3-D printing center is slated to be completed by December 2022.
RAV4 revs into Ontario
Meanwhile, additional manufacturing opportunities await for individuals already employed in the sector or those who are looking for a potential career change. Indeed, the Toyota Motor Co. recently indicated that Ontario will be its manufacturing headquarters for the RAV4 model.
Ontario Premier Kathleen Wynne said Toyota's investment has the potential to fill the province with 8,000 auto manufacturing positions.
"Standing up for auto workers in Ontario is about making sure our province stays competitive during a time of rapid economic change, and building the kind of global partnerships that support long-term prosperity," Wynne explained on May 4 at Toyota's assembly plant in Cambridge. "That's why I'm happy to be able to work with Toyota to make its Cambridge and Woodstock operations the manufacturing hub for its RAV4."
Wynne added that of the 8,000 manufacturing jobs Toyota expects will result from making Ontario its RAV4 hub, around 450 job openings will be newly created. The remainder will support positions that already exist.
Vehicle assembly is a major manufacturing subsector in Canada and Ontario in particular. Along with auto parts production, assembly directly supports in excess of 100,000 jobs for the province and hundreds of thousands more in other fields that interact in various capacities with automakers.
Fred Volf, president of Toyota Manufacturing Canada, noted how Toyota has been operating in the country for the past 30 years and looks forward to many more with the province serving as the RAV4's adopted home.