(AGENPARL) – ven 12 agosto 2022 [Ontario Logo]
NEWS RELEASE
Ontario Welcomes $14.8 Million Investment to Create Good-Paying Manufacturing Jobs
$500,000 in provincial funding will help Greenlid bring its supply chain home to Ontario
August 12, 2022
“This investment from Greenlid is another vote of confidence in Ontario’s economy and shows there is no better place for business to grow and workers to thrive,” said Premier Doug Ford. “We are thrilled to support this ‘Made In Ontario’ success story and to see Greenlid’s entire supply chain return home again.”
“Our government is proud to work with Greenlid to help bring their entire production back to our province as we continue to strengthen Ontario’s world-class manufacturing sector,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Investing in community-building projects like this create the conditions businesses need to invest and create jobs that will build a strong economy and vibrant communities. Greenlid’s investment and desire to bring their entire supply chain back to Ontario is a testament to the work we’re doing to make sure the world knows Ontario is Open for Business.”
Since 2019, Ontario has invested $66 million in 60 companies and organizations, like Greenlid through the Regional Development Program. These investments have supported $716 million in investment from industry and created more than 1,200 jobs.
Quick Facts
– Founded in Toronto in 2014, Greenlid developed a patented compostable material as a replacement for plastic or biodegradable materials. This technology led to an investment through the television program Dragon’s Den where hopeful entrepreneurs pitch their business ideas to a panel of venture capitalists. Greenlid products are now sold in North America’s largest retailers.
Quotes
“Greenlid is excited to expand and build manufacturing operations in rural Ontario after rapid growth in the past several years. After its start on Dragons’ Den, Greenlid now supplies over 14,000 retail stores across North America with truly compostable product lines in the tableware and foodservice categories. Greenlid’s growth created an opportunity for Ice River Sustainable Solutions, Ontario’s leading recycler of Blue Box PET Plastic, to take a majority shareholder position and bring sustainable manufacturing expertise to Greenlid. With the additional support of the Ontario government for this project and local community, Greenlid’s state of the art Non-wood Fibre Manufacturing and Innovation Centre at Southgate EcoPark will now specialize in developing Ontario’s agricultural fibre waste into high value compostable products with less impact on the environment and further Ontario’s sustainability and economic development goals.”
– Morgan Wyatt
CEO, Greenlid
“Investments like these not only bring good-paying jobs into the community, but also stimulate the local economy. Ontario is one of the greatest places in the world to live, work and raise a family. Greenlid’s decision to move their manufacturing back home will have an impact for generations to come.”
– Sylvia Jones