Ontario Welcomes More Than $3.4 Million Manufacturing Investment in Cobourg

Baxter’s Bakery will create 54 new, good-paying jobs in Cobourg

The Ontario government is supporting an investment of $3,491,269 by Baxter’s Bakery to boost local manufacturing and create 54 new jobs in the Northumberland-Peterborough South region.

This funding was announced today by David Piccini, Member of Provincial Parliament for Northumberland-Peterborough South with the senior team from Baxter’s Bakery.

“Manufacturing is essential to our community. We’re working hard to create the conditions for growth and more jobs in our community,” said David Piccini, MPP for Northumberland-Peterborough South. “The investment from Baxter’s Bakery will boost the local manufacturing sector and create more jobs for workers and families in Northumberland and Ontario is proud to invest in this expansion that will create 54 more jobs.”

Baxter’s Bakery is a family-owned local baking facility that specializes in wholesale bakery items for grocery stores across Canada and the U.S. With this investment, Baxter’s Bakery will purchase and install new manufacturing and packaging equipment, which will be installed at their wholesale baked good manufacturing facility in Cobourg. The new equipment will drastically increase production capacity, support research and development as well as further use of automation.

“Employing more than 800,000 workers across the province, Ontario’s manufacturing sector is the economic engine of our nation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Our government is proud to support local manufacturers like Baxter’s Bakery as they expand their operations, and we thank them for their contributions to Ontario’s dynamic and growing manufacturing ecosystem.”  

In support of their investment, Ontario is providing Baxter’s Bakery with $466,569 in funding through the Regional Development Program’s Eastern Ontario Development Fund (EODF).

“Baxter’s Bakery continues to invest in its people and in its facility in Cobourg, Ontario. Since we began our journey in Cobourg in 2020, we have invested close to $5,000,000 to grow our business and support our exporting plans. With this new investment, we are enhancing staff well-being with new ergonomic equipment and streamlined workflows to reduce strain and inefficiencies,” said David Baxter, President, Baxter’s Bakery (Cobourg) Inc. “These improvements promote healthier, more balanced work while boosting productivity, reflecting our commitment to a thriving team.”

Ontario is investing $180 million through its Regional Development Program to help manufacturers across the province grow while supporting distinct regional priorities. To date, Ontario has supported more than 135 projects through the program, leveraging more than $1.9 billion in new investments and helping to create over 3,500 jobs.

QUICK FACTS

  • The government launched the Regional Development Program (RDP) for eastern and southwestern regions of Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
  • In 2022, the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the RDP was launched to support advanced manufacturers across the province. Ontario is now providing additional funds to enhance the AMIC stream that will help more firms with the financial support and tools needed to improve competitiveness, while strengthening essential supply chains.
  • The government is delivering tax support to Ontario manufacturers by continuing to offer the Ontario Made Manufacturing Investment Tax Credit to eligible businesses. These manufacturers could receive up to $2 million per year in tax support to help lower their costs, encourage innovation, and enhance competitiveness.
  • The 2024 Ontario Economic Outlook and Fiscal Review: Building Ontario for You continues to take a fiscally responsible and targeted approach to maintaining Ontario’s competitive status and unlocking new opportunities across key sectors.

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