Ontario Welcomes $4.5 Million Manufacturing Investment in Ottawa

June 26, 2023

Ontario Welcomes $4.5 Million Manufacturing Investment in Ottawa

The Ontario government is supporting a $4.5 million investment by Veritas Tools Inc. to boost local manufacturing and create 30 new good-paying jobs in Ottawa. As part of this investment, the government is providing $675,000 in funding through the Regional Development Program’s Eastern Ontario Development Fund.

“Local manufacturers like Veritas Tools play a key role in communities across the province, and our government is proud to support them as they expand and create more good-paying jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Just last month, we saw the manufacturing sector in Ontario grow by over 20,000 jobs. We continue to create the right conditions to attract investments from both global and domestic companies.”

Vic Fedeli, Minister of Economic Development, Job Creation and Trade

Veritas Tools, the manufacturing arm of Lee Valley, is a world leader in woodworking tool-design innovation. The Ottawa-based company is investing $4.5 million to increase production and add new state-of-the-art equipment to meet growing global demand. With more than 1,250 woodworking tool products and more than 100 patents, Veritas Tools manufactures some of the most sought-after woodworking tools in the world.

“Lee Valley and Veritas Tools are committed to domestic manufacturing, creating and preserving meaningful employment. We believe these to be foundational to a healthy economy. Investment in these areas is critically important and remains a priority,” said Jason Tasse, President of Lee Valley. “We appreciate the support of Ontario’s Regional Development Program. Strengthening Canada’s manufacturing sector is most effective in collaboration, as demonstrated with this expansion initiative.”

Jason Tasse, President of Lee Valley

Ontario is investing $140 million through its Regional Development Program to support distinct regional priorities and challenges. To date, Ontario has provided more than $91 million to support 84 projects through the program, leveraging more than $940 million in new investments and helping to create more than 1,800 jobs in the province.

Quick Facts

  • The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
  • In 2022, the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It supports Ontario advanced manufacturers to invest in the equipment, advanced technologies and the skilled workforce needed to improve competitiveness and growth, and to create and retain jobs across the province. The next round of applications for the stream opens on July 20, 2023.
  • As part of the 2023 Ontario Budget, the government introduced the Ontario Made Manufacturing Investment Tax Credit, which will provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.


“Our government is strengthening the local economy through our Regional Development Program. Not only will this investment create good-paying jobs in Ottawa, but it will also lead to the development and manufacturing of world-class products used locally, nationally and around the globe that are made in Ontario.”

Goldie Ghamari, Member of Provincial Parliament for Carleton

“Our government continues to invest in local manufacturing like Veritas Tools, resulting in the creation of 30 good-paying jobs right here in Ottawa. We’re supporting our local economy and future investments towards the growth of our city and those who work hard to contribute to its success.”

Lisa MacLeod, Member of Provincial Parliament for Nepean

Additional Resources

Learn more about the Regional Development Program


Related Article

Ontario’s Advanced Manufacturing Council

Ontario continues to attract key investments and create meaningful opportunities for people, families and businesses across the province. Many of these opportunities are in the manufacturing sector…

Related Articles

Latest Articles

  • Exploring the Impact of M8 Cables in Various Applications

    July 17, 2024 M8 cables are a type of circular electrical connectors used to link actuators and sensors. They have an 8-millimeter diameter and are widely utilized in a variety of industrial and automation applications because of their small size, robustness, and consistent performance even under harsh conditions. Similar to the M12 cables, their robustness enables them… Read More…

  • 7 Top Tips for Cooling IT Equipment

    July 17, 2024 As the world becomes increasingly digitalized, with a growing reliance on high-performing and reliable IT equipment, effective hardware management is essential to facilitate rapid access to large amounts of data and its analytics. The upkeep of IT infrastructure, including maintaining appropriate temperatures, ensures the reliability and security of data and minimizes the… Read More…

Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


  • Memosens 2.0: New Disinfection Portfolio from Endress+Hauser

    July 23, 2024 Introducing a portfolio of optimized digital sensors with Memosens 2.0 technology that deliver continuous, reliable water disinfection measurement. Endress+Hauser is launching a portfolio of optimized digital sensors with Memosens 2.0 technology that deliver continuous, reliable water disinfection measurement. This new generation of disinfection sensors represents an upgrade opportunity for a wide range… Read More…

  • Vention to Democratize Industrial Automation Using NVIDIA AI Technologies

    July 18, 2024 Vention, the company behind the cloud-based Manufacturing Automation Platform (MAP), has announced a collaboration with NVIDIA to bring industrial automation technology to small and medium manufacturers by using NVIDIA AI and accelerated computing to advance cloud robotics. This announcement marks a year of collaborative efforts to leverage artificial intelligence to simplify the realization of… Read More…