Kenora, Ontario – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $149,319 in the Lake of the Woods Brewing Company to expand its production. The repayable FedNor contribution enabled the company to purchase and install larger fermentation tanks and canning equipment needed to meet growing demand for its products.
“Thanks to the Government of Canada’s investment in our production line, we will be able to offer our distinctive and flagship beers in smaller formats that are better suited for distribution. We look forward to strengthening our company’s position in the market and expanding our loyal customer base” said Taras Manzie, President and CEO of Lake of the Woods Brewing Company.
“The Government of Canada is proud to support strategic initiatives that help manufacturers capitalize on business development opportunities and create jobs. By investing in Lake of the Woods Brewing Company, we are helping strengthen the local economy and position the community for long-term, sustainable growth” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
Through its Targeted Manufacturing Initiative for Northern Ontario, FedNor supports the development and growth of the region’s manufacturing sector by helping companies, such as the Lake of the Woods Brewing Company, to assess their need for productivity improvements and modernize their operations.