Ontario Investing Over $4 Million to Expand R&D in Medical Devices

Date: March 17, 2016 Author: ocsco@ocsco.ca Categories: OCSCO News
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Investment Will Create Jobs and Increase Exports
March 17, 2016 9:30 A.M.
Ministry of Economic Development, Employment and Infrastructure

Ontario is partnering with Baylis Medical Company to support an R&D expansion project at the company's Mississauga manufacturing plant that will increase exports, create 84 new jobs and retain 194 positions.

Ontario will invest up to $4.22 million through the Jobs and Prosperity Fund to support Baylis' expansion into a new state-of-the-art facility that will double the company's environmentally controlled rooms and R&D spaces. This expansion will allow Baylis to almost double its exports over the next seven years and help the company reach new international markets, including Australia, Brazil, China and South Korea. Ontario's investment secures a $32.5 million investment from Baylis towards the new facility.

For detail click here.