Two Sault Ste. Marie businesses will share in nearly $600,000 to help grow their businesses.
On Feb. 16, the province announced SIS Manufacturing Corp. and Apex Cranes Ltd. would share in $596,578 from the Northern Ontario Heritage Fund Corp. (NOHFC).
“This investment totalling nearly $600,000 between SIS Manufacturing and Apex Cranes has leveraged well over $1 million and helped to create new full-time jobs here in Sault Ste. Marie,” Ross Romano, MPP for Sault Ste. Marie, said in a news release.
“Local businesses like these contribute to our local, regional and provincial economies and are a great example of our community being an important part of the integrated supply chain in industrial manufacturing.”
Of the funding, SIS Manufacturing will get $545,768 toward the purchase of a new plasma-cutting machine, laser tracking system, and lathe.
The fabrication company supplies industrial and construction-related steel products and services, and SIS said their new purchases will enable them to weld ultra-light locomotive frames.
Apex Cranes will receive the remaining $50,810, which will go toward the purchase of a new concrete pumper truck. The company provides crane and concrete-pumping services.