$6M investment in business park
The Bloomfield Business Park has received a significant boost, as a North American advanced technology supplier announced it will build a $6-million facility on the property.
IATGlobal plans to begin construction immediately on the 47,000-square-foot building, which officials expect to be finished by the summer.
Aleem Ahamed, president and CEO of The Regency Group, which owns IATGlobal, said there were a number of factors leading to the decision for a new facility in Chatham-Kent.
“The Bloomfield Business Park was the perfect location given exposure to Hwy 401, availability of land, soil conditions and due diligence assistance provided by the municipality,” he said in a media release issued Friday afternoon.
Construction will take place on nearly five acres of land in the park.
The firm combines a high-precision machining business with automated manufacturing solutions.
Founded more than two decades ago, the firm already employs 39 locally through NH Global Design Inc. who will move to the new site upon completion.
The new building will be a high-tech industrial facility consisting of manufacturing and office space.
Friday’s announcement brings the group’s total investment in the area to $20 million, with hopes to increase that amount.
“We have room to double the size of the building in the future and hope to do so as the company continues to grow.” Ahamed said.
The firm employs multiple skilled trades, such as machinists and assembly personnel, along with design engineers, estimating engineers, sales professionals, and administrative staff.
There are also plans to take on more young people seeking to gain experience.
“We have developed an apprenticeship program as an intake program to develop the youth in the community and provide them with an easy entry point into the business,” Ahamed said. “We believe our business is in an exciting, fast-moving industry and one that represents the future of manufacturing. We are always looking for talented, energetic individuals to join our growing team.”
Denis Gauthier, vice-president of project development for the Rosati Group, which is building the structure and recommended the site, credited the municipality for its assistance during the site selection process.
“Working with the Chatham-Kent municipality has been a pleasure. We find everybody from the mayor’s office, economic development, planning and the building departments to be very proactive and helpful when we come to them for a development,” he said in the release.
“Each of the departments go above and beyond to help find solutions and move the project along. This proactive approach from a municipality definitely benefits our projects.”
With the sale, the Bloomfield Business Park now has 23 acres developed with 73 acres still available.
Stuart McFadden, Chatham-Kent’s acting director of economic development, said “the Rosati Group analyzed multiple locations throughout the municipality and we are very pleased to have this development happen in the Bloomfield Business Park.
“This state of the art facility will allow IATGlobal to meet their current needs and have the ability to grow in the future. I would like to thank IATGlobal for their confidence and continued investment in Chatham-Kent.”