# Stelco receives CAD 49.9M government investment for facility upgrades

The Government of Canada announced a CAD 49.9 million investment in Stelco to support a CAD 412 million project to upgrade facilities in Hamilton and Lake Erie, Ontario. The project will create 75 jobs and maintain 2,200 jobs.

- Type: Investment
- Announced: 2019-08-14
- Where: Hamilton and Lake Erie, Ontario, Canada
- Value: $37.6M (49.9M CAD)
- Jobs: 75
- Status: announced
- Products: steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Stelco](https://endata.com/companies/25295.md)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/minister-tassi-announces-investment-to-support-almost-2-300-canadian-steel-workers-in-southern-ontario-890459337.html), 2019-08-14: "Today, the Honourable Filomena Tassi, Minister of Seniors, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $49.9-million investment in Stelco to support a $412-million project that will create 75 jobs and maintain 2,200 more in Ontario"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.