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Linamar plant getting $101M in government funding

Taxpayers will invest $101 million into a Guelph-based auto parts manufacturer that is promising to create 1,200 new full-time jobs as part of an overall $507-million venture to build a more fuel-efficient vehicle transmission.

Premier Kathleen Wynne announced the province will provide a $50.25-million grant to Linamar Corporation out of the government's new $2.5-billion Jobs and Prosperity Fund.

"It will secure investments that focus on job creation here at home but at the same time improve the productivity of Ontario businesses and encourage homegrown enterprises to expand globally," Wynne said Monday of the fund.

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