The federal government is investing nearly $3 million in two Burlington-based companies.
The money was announced by Minister of Economic Development Mélanie Joly.
Joly is also responsible for FedDev Ontario, which delivers programs and services to support innovation and economic growth in southern Ontario.
The $2.9 million repayable contribution is going to AceAge Inc. and Gerrie Electric and will add 60 jobs to the region.
“Today’s investment will allow two innovative Burlington companies to grow and better position themselves in their respective sectors, now and beyond the pandemic,” said Joly.
“Alongside our regional development agencies like FedDev Ontario, our Government is investing to support businesses, organizations, and communities as they expand and stay resilient for the future—all while creating good, local jobs.”
AceAge Inc., is getting $1.5 million to scale its operations to meet demand for its in-home medical device that organizes and dispenses medication.
It reminds users to take their medication and can dispense it with the push of a button and uses smartphone technology to alert caregivers when a dosage has been missed.
Gerrie Electric will get a $1.4 million contribution to consolidate its distribution operations into a facility in Burlington.
The company is a women-owned wholesale distributor and retailer that specializes in electrical, automation, data communication and lighting products in industrial, institutional, commercial and retail markets.
