Many Canadians are unaware of how high youth employment rates are in the province of Ontario. As reported by Service Canada, in 2013 Ontario’s youth unemployment rate was 12.9%, much higher than the national average of 11.1%. This is one of the factors that contributed to youth being 1/3 of total migrants moving out of…
Ontario’s aerospace industry is a world leader, thanks to their commitment to continuous improvement and innovation. The industry, which employs over 17,000 people, is responsible for over $462 million in annual research and development spending and earns over $5.3 billion in revenue every year. To continue fuelling these research and development (R&D) activities, the Ontario…
Research in the last 30 years suggests that success is driven by your ability to work with emotions and social skills. It suggests that performance potential is less about an individual’s IQ and more about their Emotional Quotient/Intelligence (EQ). As a business leader, I look for stronger assessments and strategies to develop our recruitment processes,…
Released in 2013 as a five year, $400 million agri-funding initiative, Growing Forward 2 Ontario (GF2) provides Ontario small business grants to encourage innovation, competitiveness, market development, adaptability, and industry sustainability. Agricultural and agri-food businesses can receive up to 35-50% of project costs related to innovation, strengthening supply chains, productivity, assurance systems, and other key…
With the recent change in government, we often get questions regarding the impacts of government changes on existing funding programs available in Canada. Will the funding programs our clients accessed in the past still be available? Will pending applications still be reviewed as they were pre-election? As the Canadian Government Funding Experts, Mentor Works would…
Please Note: IBGP is closed. Please consider the Business Scale-up and Productivity program for similar support. Administered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Investing in Business Growth & Productivity (IBGP) is one of core programs which comprise the $530 million Southern Ontario Prosperity Initiatives (SOPI) running from 2014-2018. IBGP has a stream…
Until earlier this year, when I started my career with Mentor Works, I felt like nothing that I did really mattered. I felt empty, like I wasn’t contributing in a way that made a difference to myself or to society. I often attribute this to an education system that provides lots of “what” (the material…
With its stunning landmarks and a rich culture, Ontario has long been seen as a world-class area for tourism. As a result, the province has generated a meaningful economic impact from tourism activities, such as events and attractions. In 2012, Ontario’s Ministry of Tourism, Culture, and Sport reported that visitors to the province spent over…
FedDev Ontario’s 2014 launch of the Southern Ontario Prosperity Initiatives (SOPI) provided $530 million for small businesses to finance a variety of innovative and productivity-building projects. Investing in Business Innovation (IBI) is one of the four business-oriented programs created through the SOPI’s and aims to assist early-stage businesses to commercialize new, innovative products and processes….
In Canada, home ownership is widely seen as a key part of a long-term personal investment strategy. The 2011 National Household Survey (NHS) conducted by Statistics Canada reveals that 69% of households own their own homes (including both mortgaged homes and fully paid off). Unfortunately, home purchase is not necessarily a strong investment or a…