Mayors join finance minister to discuss, share feedback on landmark tax

B.C. strengthening manufacturing sector in Fraser Valley

November 17, 2023 at 12:20 pm  BC, News, Politics, Provincial

New support for manufacturing businesses in the Fraser Valley will create jobs, promote the development of made-in-B.C. products and strengthen local supply chains and communities.

“Through investments in innovation, we’re getting more value from the resources harvested in B.C. while creating and preserving high-quality jobs in the forestry and manufacturing sectors,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “We’ll continue working alongside industry to develop the long-term growth that helps build strong local economies across our province.”

Through the BC Manufacturing Jobs Fund (BCMJF), the Government of B.C. is investing more than $1.3 million toward four projects in the region that will see local businesses grow and create new jobs, including:

  • Abbotsford – Dynamic Windows and Doors Ltd. will receive as much as $755,000 to purchase and install automated equipment and integrate new technology into its production to help the company meet its growing market demand, make it feasible to keep production here in B.C., support existing jobs and create nine new jobs;
  • Abbotsford – Tiger Tool International Inc. will receive as much as $220,000 to purchase and install two new machines to enable high-precision production of tools and equipment to diversify its product offerings, while supporting existing jobs and creating three new jobs;
  • Aldergrove – Western Wood Preservers Ltd. will receive as much as $300,000 to expand and renovate its processing facility, which aims to double production of treated lumber, improve fabrication and move to year-round operations, while protecting existing jobs and creating seven new ones; and
  • Agassiz – Power Wood Corp. will receive as much as $50,000 to complete business planning, technical drawings and an engineering plan to build a new thermal modification facility. This would allow it to make use of new fibre sources and double its production capacity of specialty wood products, such as siding, panelling and trim, while potentially creating 44 jobs through this future capital project.

The BCMJF supports for-profit organizations to plan and launch shovel-ready, high-value industrial and manufacturing projects that will bring direct benefits and stable, family-supporting jobs to communities while driving clean and inclusive growth throughout the province.

“Wood-manufacturing companies, like those in the Fraser Valley, are creating B.C.’s next generation of forestry jobs,” said Bruce Ralston, Minister of Forests. “The projects announced today will bring additional technology and innovation into manufacturing operations and create family-supporting jobs. By investing in growing manufacturing companies, we are investing in people and communities.”

Funding through the BCMJF is part of a series of programs that the Province has introduced to support the growth of value-added manufacturing in B.C. In January 2023, the Ministry of Forests introduced a new Value-Added Manufacturing Program to establish a dedicated fibre supply for small and medium-sized manufacturers. The Province is working with the value-added manufacturing sector to increase the flow of fibre and find ways to expand local production of high-value wood products. A strong value-added manufacturing industry diversifies the forestry sector, buffering against global market challenges.

Building resilient economies is part of the Province’s work through the StrongerBC Economic Plan to build a strong and sustainable economy through clean and inclusive growth. Supporting B.C.’s manufacturing and agricultural sectors helps bring government closer to its goal of building a more innovative economy for people, businesses and communities throughout B.C.

Quotes:

Kelli Paddon, MLA for Chilliwack-Kent –

“Support from the BC Manufacturing Jobs Fund is helping businesses like Power Wood Corp create good, well-paying jobs in our communities. Investments in value-added manufacturing are critical to creating a more diverse and sustainable economy.

John Mathews, president and CEO, Dynamic Windows and Doors Ltd. –

“The support offered by the BC Manufacturing Jobs Fund is assisting our ongoing investment in product and process development in Abbotsford, which is critical to our ongoing pursuit of excellence in manufacturing. As an exporting company, our contribution to the B.C. economy is significant and we’re grateful for this support which assists us in maintaining growth and securing employment for British Columbians.”

Chris Carter, director, Western Wood Preservers Ltd. –

“Western Wood Preservers is pleased to have been selected as a recipient of the BC Manufacturing Jobs Fund. The funds are expediting the company’s plan to enhance its treating facility, which will result in increased employment to handle the increase in production capacity. Given the reduction in available fibre, our facility improvements will help extend the life of more wood products through pressure treating.”

Jake Power, president and managing director, Power Wood Corp. –

“Power Wood is very supportive of the BC Manufacturing Jobs Fund and grateful to be selected as a recipient. We are using the funds to prepare a business case to demonstrate projected costs and benefits of a capital investment in our Agassiz plant. It is giving us the tools we need to partner with the surrounding community and First Nations to build more sustainable, value-added operations in the District of Kent.”

Learn More:

Learn about the BC Manufacturing Jobs Fund: https://gov.bc.ca/ManufacturingJobsFund

Learn about the StrongerBC Economic Plan: https://strongerbc.gov.bc.ca/plan

View the full article from the original source

No conversations yet

Activity Stream

Sat, Nov 30, 2024 at 9:00 am - Doug Smith posted on their blog: Low Iron – Triple Lumen Hike
Thu, Nov 28, 2024 at 8:00 am - David Suzuki posted on their blog: Do these politicians understand carbon?
Wed, Nov 27, 2024 at 3:04 pm - Kamloops Film Society posted on their blog: KFS Holiday Giving – Nov 2024 – The Kamloops Film Society
Tue, Nov 26, 2024 at 9:00 am - Doug Smith posted on their blog: Sugarloaf Hill Hike – KamloopsTrails
Fri, Nov 22, 2024 at 9:00 am - Doug Smith posted on their blog: A Fall Hike to Moul Falls
Thu, Nov 21, 2024 at 8:00 am - David Suzuki posted on their blog: Climate progress is unstoppable, despite U.S. election
Mon, Nov 18, 2024 at 9:00 am - Doug Smith posted on their blog: Dewdrop Ridge – Bluebird Trail Loop
Fri, Nov 15, 2024 at 9:00 am - Doug Smith posted on their blog: Upper Grasslands Track – KamloopsTrails
Thu, Nov 14, 2024 at 8:00 am - David Suzuki posted on their blog: Let’s leave gas in the past — especially for buildings
Sun, Nov 10, 2024 at 9:00 am - Doug Smith posted on their blog: Barnes Lake Trails – KamloopsTrails
Full Stream

Upcoming Events

KAG: Presences
Thursday Sep 26 to Thursday Dec 19
KAG: Stories That Animate Us
Saturday Oct 5 to Saturday Dec 28
Adult 6 Week Mixed Media Workshop
Monday Nov 4 to Monday Dec 9
Winter at Privato
Sunday Nov 17 to Sunday Dec 22
WCT: Disney’s Beauty and the Beast
Thursday Nov 21 to Monday Dec 8
Meet Santa at Sahali Mall
Saturday Nov 30 to Monday Dec 23
Gingerbread House Competition 2024
Sunday Dec 1 to Tuesday Dec 24
Kamloops Comedy Open Mic
Wednesday Dec 4
All Events