A major $3.3 million expansion is planned for Savage Arms in Lakefield.
Details were released on Tuesday, when the province announced $504,000 in support through the Regional Development Program’s Eastern Ontario Development Fund.
The rifle manufacturer will be developing two new product lines: lever-action rimfire rifles and centrefire hunting rifles.
Peterborough-Kawartha MPP Dave Smith says this money will impact the area and create 49 new well-paying jobs.
Through the Regional Development Program, the province says it has provided over $110 million to support 100 projects, leveraging over $1.1 billion in new investments and creating more than 2,300 jobs.
