Two local Morwell businesses have received funding today under the Latrobe Valley Economic Facilitation Fund.
Onsite Machining and Pipeline Services and Dynamic Industries Gippsland will receive funding to create a total of 34 new jobs and support about $1.5 million in investment.
Onsite Machining manufactures components for the power, mining, oil and gas industries. Its workforce will grow by 20 full-time staff in the next three to five years as it builds a new valve maintenance workshop and renovates existing premises.
Dynamic Industries is a small manufacturing business with eight employees that provides powder coating services to 60 local businesses across the Latrobe Valley and Gippsland. It will use the grant to build a new facility and create 14 new jobs.
The Latrobe Valley Economic Facilitation Fund aims to help businesses grow, attract and facilitate new private investment and boost their export potential.