St. Catharines Business Gets $4 Million From Federal Government

Thursday, 31 August 2023 08:30

By Linda Morgan

FBT in St. Catharines receives $4 million

The federal government is making a big investment in a local business.

FBT in St. Catharines is getting $4 million to help boost the electric vehicle and semiconductor supply chain in Ontario.

The announcement was made yesterday by Filomena Tassi, the Minister responsible for the Federal Economic Development Agency for Southern Ontario.

Officials say the country is experienced a jump in demand for electric vehicle and semiconductor parts.

The family owned business manufactures parts for the automotive and electric vehicle industries.

According to FBT, this investment will create 40 new jobs and help increase production by as much as 75 percent.

More from Local News

Moyer Farms Making $12M Investment

New state-of-the-art facility being built in Lincoln.
Niagara Falls Going Green for St. Patrick's Day

A beloved annual celebration throughout much of the world.
St. Catharines RIDE Campaign

One driver was nabbed for impaired operation of a motor vehicle.
Davies Challenges Gov't on EV Support

Niagara South MP told parliament of problems at 2 Niagara EV plants
Welland's Plan for Hospital Contribution

City council voting for multi-year plan to pay for its $17.8-million portion of South Niagara hospital
New GO Station Coming to Niagara

Metrolinx is working with the region to build one in Grimsby, there will be public consultation on this
Most Serious Collisions in Summer: Region

The region is working on road safety with less money due to no speed cameras
Coach Service Added to Airport

The Niagara airport working with Air Canada and Landline Company for service to Toronto