News & Press: Industry News

$7 Million Investment for Firan Technology Group

July 1, 2022   (0 Comments)
Posted by: Ashley Mills
On Thursday, June 30, 2022, the Federal Economic Development Agency for Southern Ontario (FedDev) announced a $7-million Government of Canada investment for Firan Technology Group (FTG) to green its operations, enhance productivity, and expand offerings.

 

 

Pictured above is Brad Bourne, CEO of FTG, and Shaun Chen, the MP for Scarborough North.

 

This FedDev Ontario investment, delivered through the Aerospace Regional Recovery Initiative (ARRI), will allow FTG, a Scarborough-based aerospace supplier, to improve cybersecurity and develop new products and services. With this support, FTG will also invest in automation equipment to improve efficiency and reduce its environmental footprint by reducing waste, conserving energy and reducing water consumption. This project will help maintain and create close to 300 jobs.

 

FedDev Ontario is working to ensure businesses, organizations and communities across southern Ontario have the support they need to build resiliency, seize new opportunities for growth and foster a stronger, more diverse, inclusive and more competitive southern Ontario. This includes making targeted investments to support communities and promote economic recovery and growth through our programs.   

 

To read this article in French, click here.


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