Feds, province support 3D printing facility in Burlington, Ont.
The federal and Ontario governments are providing $14 million and $7 million respectively to Dundas, Ont.-based Burloak Technologies for a $104.7 million additive manufacturing centre
BURLINGTON, Ont.—On May 4, the federal government announced a repayable investment of $14 million to advanced manufacturing company Burloak Technologies.
The funds will go toward the opening of a new facility dedicated to additive manufacturing, also known as 3D printing, in Burlington, Ont.
The Ontario government is also contributing a $7 million grant, to a project with a total value of $104.7 million.
Innovation, Science and Economic Development Canada says this investment will help create 295 new jobs by 2026.
“This is great news for Burlington and for Canada’s advanced manufacturing industry. Advanced manufacturing is an important and growing sector that is contributing to our economy and creating well-paying middle class jobs. Our government’s investment in Burloak’s project will help ensure Canada remains at the forefront of advanced manufacturing technology and a globally competitive centre for innovation,” said Karina Gould, federal minister of Democratic Institutions.
Burloak Technologies is a division of Mississauga, Ont.-based metal manufacturer Samuel, Son & Co., and the firm 3D prints metal and plastic components.