# Veritas Tools invests $4.5M to expand manufacturing in Ottawa, Ontario

Veritas Tools Inc. announced a $4.5 million investment to boost local manufacturing and create 30 new jobs in Ottawa. The Ontario government is providing $675,000 in funding through the Regional Development Program.

- Type: Expansion
- Announced: 2023-06-23
- Where: Ottawa, Ontario, Canada
- Value: $3.40M (4.50M CAD)
- Jobs: 30
- Status: announced
- Products: woodworking tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Veritas Tools Inc.](https://endata.com/companies/71029.md)
- [Lee Valley](https://endata.com/companies/71030.md) (partner)

## Sources

- [news.ontario.ca](https://news.ontario.ca/en/release/1003195/ontario-welcomes-45-million-manufacturing-investment-in-ottawa), 2023-06-23: "The Ontario government is supporting a $4.5 million investment by Veritas Tools Inc. to boost local manufacturing and create 30 new good-paying jobs in Ottawa."

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