Why PowerCo Invested $7 Billion in St. Thomas, ON
What made St. Thomas the perfect fit?
In this episode, we learn how Ontario’s economic developers help attract, support, and retain major manufacturing investments in their communities. Our guest is Sean Dyke, the CEO of the St. Thomas Economic Development Corporation. St. Thomas is where PowerCo, a subsidiary of Volkswagen, decided to locate its $7 billion battery manufacturing plant—Canada’s largest greenfield manufacturing investment yet. This small city is also home to Formet Industries, a division of Magna International. Formet is Canada’s largest automotive parts manufacturing facility and the world’s largest automotive frame manufacturing plant.
Tune in to find out how St. Thomas is being transformed into a hub for advanced manufacturing.
Find Out More About St. Thomas and PowerCo