Ont. adds $1.3B to Manufacturing Investment Tax Credit
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Editor's Note 
 
Some good news today as the Ont. government expands the Mfg. Investment Tax Credit by $1.3 Billion. Meanwhile, we're asking you: What is your primary strategy for managing supplier risks in your supply chain? Take the new poll on our homepage. Enjoy!
- Kirstyn Brown, Editor, Plant Magazine
 
News 
 
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Ontario government announces $1.3B expansion of Manufacturing Investment Tax Credit

Announced as part of the 2023 Budget, the Ontario Made Manufacturing Investment Tax Credit aims to help Ontario manufacturers lower their costs, innovate and become more competitive. 


Ontario investing $1B in Skills Development Fund to support workers

These funds aim to support projects and help protect workers and jobs in industries expected to face pressures from U.S. tariffs, including manufacturing and health care.


Tariffs cause sharpest decline in Canadian mfg. output and orders since COVID-19: S&P Global PMI

ariffs have also led to more supply delays and historically high input costs, prompting firms to increase output charges.


Capital Power focused on closing $3-billion U.S. power plant deal

The acquisition gets Capital Power a foothold in what's known as the Pennsylvania-New Jersey-Maryland Interconnection market, which it says is the largest and most attractive market in North America.


 
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