Toronto/CMEDIA: Toronto city to reportedly support its manufacturing through the new Economic Development and Growth in Employment (EDGE) Incentive program.
“The City is taking action to strengthen Toronto’s economy…through the EDGE Incentive Program…name National Dry Beverages as the program’s first recipient…This $18.1 million investment will increase production capacity, enable 24/7 operations, and create 20 new full-time jobs, growing its workforce by nearly 40 per cent,” Toronto Mayor Olivia Chow said.
Advocating for the protection of employment lands, and maintaining more competitive water rates for eligible industrial users, (EDGE) Incentive program helps Toronto to remain a strong place to do business.
Chow reinforced at an event held today at National Dry Beverages (NDB), a locally owned and operated manufacturer, the City’s commitment to creating an inclusive, competitive and resilient economy.
Being the first recipient of the city’s EDGE Incentive Program, NDB, it supports the facility by doubling the size of its manufacturing operations by expanding its footprint to approximately 113,000 sq. ft.
“National Dry Beverages…chose Toronto, demonstrating the City is the best place to do business. We’re excited to collaborate with them on this expansion and congratulate the team on this exciting new chapter. Through the EDGE Incentive program, businesses can grow, modernize, and create more jobs, and we welcome more applications as we continue to strengthen Toronto’s economy,” Councillor Shelley Carroll (Ward 17—Don Valley North) said.
Providing full-service and private-label bottling of carbonated and non-carbonated beverages for clients, NDB will substantially increase its production capacity, operating on a 24/7 basis enabling them to run aluminum and glass lines simultaneously, and creating 20 new full-time jobs.
Representing $18.1 million in construction investment, approximately 62,000 sq. ft of new industrial space, and a permanent workforce increase of nearly 40 percent, the EDGE Incentive Program of NDB provides incentives in the form of Tax Increment Equivalent Grants (TIEGs) to support the new construction or major renovation of buildings in targeted employment sectors and for certain uses throughout Toronto.
“With the EDGE industrial property tax incentive and continued support for the manufacturing industry, National Dry Beverages is pleased to announce the doubling of our production facility with every bit of confidence in our decision to continue our growth journey right here in the City of Toronto,” Alice Chan, Managing Director, National Dry Beverages
Introduced to support growth and investment in Toronto’s key economic sectors, The EDGE Incentive Program supports City Council’s Sidewalks to Skylines: An Action Plan for Toronto’s Economy 2025-2035.
The EDGE Incentive Program creates inclusive jobs enhancing Toronto’s presence and competitiveness among neighbouring and international jurisdictions that often have similar financial incentives and/or tools to support commercial/industrial investment.
“The City is proud to support entrepreneurs to grow their businesses…ensure Toronto’s economy remains competitive and responsive to global pressures…new jobs it creates shows this value in action and will contribute immensely to the vibrancy of Etobicoke,” Councillor Anthony Perruzza (Ward 7— Humber River-Black Creek) said.
More information on the EDGE Incentive Program, including upcoming information sessions are available on the City’s Business grants, incentives, and rebates webpage.
More information about the Sidewalks to Skylines Action Plan is available on the City’s Long-term vision, plans and strategies webpage.
Enhanced supports for businesses in response to U.S. tariffs
Being one of many actions introduced by the City to directly address U.S. tariffs, the EDGE Incentive Program also supports local businesses and workers in impacted sectors, protecting and strengthening employment areas as drivers of good jobs, productivity, and regional competitiveness.
Also introduced in the Mayor’s Economic Action Plan in Response to U.S. Tariffs are:
- A 1.25 percent interim increase for participants in the Industrial Water Rate program, offering manufacturers a discounted rate to support economic growth
- TradeTO, an initiative providing financial training and supports to expand exports, diversify trade, and build resilience, accessed by close to 3,000 Toronto firms
- Red Tape Hotline that provides business owners a direct channel to report permitting delays, outdated bylaws and other barriers impacting growth
- Enhanced property tax relief for small businesses, increasing the benefit from 15 percent to 20 percent for the municipal tax component.
More information about the City’s wider business supports is available on the City’s Business support webpage.
