417 Bus Line Ltd. Set To Expand
McGuinty Government Investment Helps Create Local Jobs
Ontario is helping a full-service bus provider based in Casselman expand its operations to include a full-service maintenance and training facility, which will increase competitiveness and create jobs.
417 Bus Line Ltd. will invest $4.9-million to construct a new building with environmental upgrades to house its fleet, purchase new equipment, and provide training in marketing, engineering and computer expertise to staff. The company will hire 10 mechanics and apprentices, and will retain 100 jobs with this project. The province is providing $139,365 through the Eastern Ontario Development Fund to support the company's investment.
Partnering with local business organizations is a key component of the Open Ontario plan to create new job opportunities and promote economic growth.
- To date, the EODF has announced over $24 million to 52 projects that have created 735 new jobs.
- In 2008, eastern Ontario's gross domestic product was approximately $66 billion, representing 12 per cent of the provincial total.
- As a result of the province's comprehensive tax package, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.
- 417 Bus Line Ltd. offers a full service maintenance facility and operates 80 vehicles, including 18 coach buses to Casselman, Embrun, Limoges, Chrysler and Ottawa-Gatineau.
“Helping Casselman companies thrive by growing their operations and adapting to market changes remains a priority for this government. Companies such as 417 Bus Line Ltd. help spur regional economic growth and create jobs for Ontario families.”
“With support from the McGuinty government, our company is establishing its position as a leader in providing full-service maintenance facility. We appreciate that the government recognizes the need to help companies in eastern Ontario grow by encouraging the introduction of new technologies and equipment.”