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Price is Right for Skilled Jobs Investment in Manitoba

May 12, 2014 1:13 PM | News

Price Industries


The city and province is contributing funding to expand Price Industries’ Winnipeg manufacturing headquarters and create up to 175 new jobs.

The company is a manufacturer of HVAC and air distribution products, including new products for health care and mechanical and applied equipment.

The 50,000-square-foot expansion will also further develop the Price Research Center North, while also expanding local training opportunities to advance research and engineering capability in Manitoba.

Price Industries will receive $10 million from the province in the form of a repayable, interest-bearing, secured loan. In addition, the province will contribute $1.5 million to train the highly skilled workers needed for the expansion.

The City of Winnipeg will provide an economic investment incentive representing a total of 10 years of estimated full incremental taxes, otherwise payable over a period of 15 years, up to maximum of $800,000.

Price Industries has a local workforce of 850 people.

— Staff