SSMEDC client Envirotek embarking on a major expansion initiative

June 12, 2015

Group Photo

 

A local industrial firm is set to significantly expand its production capacity. 
Envirotek Sealing and Fibreglassing recently received a $1-million investment from the Northern Ontario Heritage Fund Corporation (NOHFC) to help purchase additional machinery and construct a new building on Allen’s Side Road. The project will create and retain jobs while also adding to the Municipal tax base.
Envirotek currently offers services such as corrosion, asbestos and lead abatement, along with specialized sealing and foam spray insulation. Under the current growth initiative, the business will be expanding its product line to include custom design and the fabrication of all metal products for the HVAC industry.
At the funding announcement on June 11, 2015, company President Patrick Praysner thanked the Sault Ste. Marie Economic Development Corporation for helping the expansion project come to fruition. The organization worked with him on the Provincial funding application and assisted the business in forming other strategic partnerships.
“The level of support we received from the team at the Sault Ste. Marie Economic Development Corporation was phenomenal,” said Praysner. “They were instrumental in helping us secure financing for this project, and we couldn’t have done it without them.”
Local MPP David Orazietti also spoke at the funding announcement. “This NOHFC investment is great news for our city as it will help support economic growth, strengthen our local economy and create good jobs,” said the Minister of Government and Consumer Services. “Manufacturers like Envirotek are important contributors to communities such as Sault Ste. Marie and help to diversify our region’s economy.”
Michael Gravelle, Minister of Northern Development and Mines and Chair of the NOHFC, was also on hand at the funding announcement. “Support for manufacturers like Envirotek is helping to build up the North by driving the economy and investing in people and communities,” he said.
Meanwhile, helping area businesses expand or enhance their operations is a main focus of the SSMEDC. In 2014, its Business Development team assisted 39 companies with their startup and expansions plans, which generated nearly $22 million in community investments while creating or retaining 389 jobs.
“In many cases, the owners and senior managers of a company are preoccupied with running the company and, quite frankly, don’t have the time or familiarity to work through the government funding application process. That’s where we come in,” said John Febbraro, Director of Business Development for the Sault Ste. Marie Economic Development Corporation. “We help our clients with things like securing funding, business planning and other matters related to growing and retaining a business.”
PHOTO: Following the June 11 funding announcement at Envirotek’s new building are (L to R): the Honourable David Orazietti, MPP for Sault Ste. Marie and Minister of Government and Consumer Services; Patrick Praysner, President of Envirotek Sealing and Fibreglassing; the Honourable Michael Gravelle, Minister of Northern Development and Mines and Chair of the Northern Ontario Heritage Fund Corporation; and John Febbraro, Director of Business Development for the Sault Ste. Marie Economic Development Corporation.

A local industrial firm is set to significantly expand its production capacity.

Envirotek Sealing and Fibreglassing recently received a $1-million investment from the Northern Ontario Heritage Fund Corporation (NOHFC) to help purchase additional machinery and construct a new building on Allen’s Side Road. The project will create and retain jobs while also adding to the Municipal tax base.

Envirotek currently offers services such as corrosion, asbestos and lead abatement, along with specialized sealing and foam spray insulation. Under its growth initiative, the business will be expanding its product line to include custom design and the fabrication of all metal products for the HVAC industry.

At the funding announcement on June 11, 2015, company President Patrick Praysner thanked the Sault Ste. Marie Economic Development Corporation for helping the expansion project come to fruition. The organization worked with him on the Provincial funding application and assisted the business in forming other strategic partnerships, including one with the Business Development Bank of Canada.

“The level of support we received from the team at the Sault Ste. Marie Economic Development Corporation was phenomenal,” said Praysner. “They were instrumental in helping us secure financing for this project, and we couldn’t have done it without them.”

Local MPP David Orazietti also spoke at the funding announcement. “This NOHFC investment is great news for our city as it will help support economic growth, strengthen our local economy and create good jobs,” said the Minister of Government and Consumer Services. “Manufacturers like Envirotek are important contributors to communities such as Sault Ste. Marie and help to diversify our region’s economy.”

Michael Gravelle, Minister of Northern Development and Mines and Chair of the NOHFC, was also on hand at the funding announcement. “Support for manufacturers like Envirotek is helping to build up the North by driving the economy and investing in people and communities,” he said.

Meanwhile, helping area businesses expand or enhance their operations is a main focus of the SSMEDC. In 2014, its Business Development team assisted 39 companies with their startup and expansions plans, which generated nearly $22 million in community investments while creating or retaining 389 jobs.

“In many cases, the owners and senior managers of a company are preoccupied with running the company and, quite frankly, don’t have the time or familiarity to work through the government funding application process. That’s where we come in,” said John Febbraro, Director of Business Development for the Sault Ste. Marie Economic Development Corporation. “We help our clients with things like securing funding, business planning and other matters related to growing and retaining a business.”

PHOTO: Following the June 11 funding announcement at Envirotek’s new building are (L to R): the Honourable David Orazietti, MPP for Sault Ste. Marie and Minister of Government and Consumer Services; Patrick Praysner, President of Envirotek Sealing and Fibreglassing; the Honourable Michael Gravelle, Minister of Northern Development and Mines and Chair of the Northern Ontario Heritage Fund Corporation; and John Febbraro, Director of Business Development for the Sault Ste. Marie Economic Development Corporation.

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