Coloured Aggregates will benefit from an investment announced today by Community Futures Development Corporation of North & Central Hastings and South Algonquin (CFDC), and Mike Bossio, Member of Parliament for Hastings−Lennox and Addington.
For 45 years, Coloured Aggregates, a family-run business, has served a wide range of professionals in the pre-cast, architectural block, concrete ready-mix, paving, roofing and pole industries, to name just a few. The company, which houses a state-of-the-art onsite lab, continues to quarry, supply, and distribute an impressive range of colours, shades and mineral types of crushed aggregates and sand.
The CFDC of North & Central Hastings and South Algonquin is pleased to provide support with an investment of $100,000 under the Eastern Ontario Development Program’s Business Development stream. Through this investment, Coloured Aggregates will expand its services and production at its world-class processing plant in Marmora. The funding will support the purchase of a computerized sorting system that will allow for the creation of new and improved products to reach new and existing markets. The development of the new product line will strengthen and maintain six jobs and create two new full-time jobs. The project has a beneficial spin-off effect as the company hired local contractors for the construction and installation of the brand new production line.
Increased output and an immediate and significant increase in product quality will boost Coloured Aggregates competitiveness and provide a strategic advantage by offering premium grade quality products to an expanding global market.
The Eastern Ontario Development Program (EODP) advances economic development in rural eastern Ontario. Through EODP, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is collaborating with Community Futures Development Corporations (CFDCs) in eastern Ontario to promote the growth of new and existing businesses in rural communities.
“I am so pleased that Coloured Aggregates is being recognized for the high-quality work that they have done for 45 years! This investment will not only create jobs and support the local economy; it will also help to lay the groundwork for another generation of this family-run business.”
– Mike Bossio, Member of Parliament, Hastings−Lennox and Addington
“Community Futures is proud of the innovative work being done by Coloured Aggregates and we are thrilled to support the expansion of this business through the Eastern Ontario Development Program. Congratulations!”
-Jim Etmanski, Chair CFDC of North & Central Hastings and South Algonquin
- Joseph A. Oravecz launched a new business in 1972 dedicated to doing just one thing, and doing it very well. His vision was to provide architects, contractors, builders and designers with fine stone products and quality service and he worked hard to deliver on the promise – so it’s not surprising that the business, called Coloured Aggregates, grew and prospered.
- CFDC of North & Central Hastings and South Algonquin is one of the 15 (CFDCs in eastern Ontario funded by FedDev Ontario. CFDCs deliver a wide variety of programs and services to support community economic development and small business growth. They employ local staff and are each governed by a volunteer board of directors, made up of local residents representing the community.