# Razor Contract Manufacturing receives government support for expansion

Razor Contract Manufacturing Ltd. received a repayable contribution of CAD 950,000 from ACOA and provincial support of CAD 235,000 in payroll rebates and a CAD 412,500 loan to purchase new automated equipment, increase production capacity, and create up to 29 jobs.

- Type: Investment
- Announced: 2022-10-14
- Where: Saint John, New Brunswick, Canada, Canada
- Value: $1.17M (1.60M CAD)
- Jobs: 29
- Status: announced
- Products: contract manufacturing services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Razor Contract Manufacturing](https://endata.com/companies/65804.md)

## Sources

- [canada.ca](https://www.canada.ca/en/atlantic-canada-opportunities/news/2022/10/government-support-helps-razor-contract-manufacturing-boost-production.html), 2022-10-14: "These investments will help the company purchase new automated equipment, increasing its production capacity and performance."

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