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Province announces $1 million investment into Kropf Industrial

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Kropf Industrial is getting a boost from the government.

Minister of Northern Development and Mines Michael Gravelle was at Point Pleasant Marina to announce a $1 million investment into Kropf Industrial Inc.

Kropf Industrial makes a wide range of equipment, including floating dock systems, hydraulic boat trailers, boat storage stands, and customized equipment for transporting materials.

The ministry says the point of the investment is to help business expansion in the Parry Sound region and to grow the economy. The investment allowed Kropf to build a 13,000 square foot production facility.

The money was invested by the province through the Northern Ontario Heritage Fund Corporation. The NOHFC has invested $21 million in the region towards 140 projects in the Parry Sound area.

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