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HomeStratford NewsOntario government invests in area auto industry

Ontario government invests in area auto industry

An investment into the auto industry will keep plenty of area jobs and creating a few dozen new ones.

The provincial government is giving $1 million to Formet Industries in St. Thomas.

The money is for developing new products and growing the business and secures an overall investment of $23 million.

It’s expected to add 66 new jobs while keeping over 1300 in the area.

The money is coming from the Southwestern Ontario Development Fund.

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