Ontario’s economic health is largely affected by manufacturing exports. In 2015, Ontario manufacturers generated nearly $290 billion in revenue; approximately $197 billion of this was from international customers. Manufacturers who export their products play a valuable role in boosting the province’s economy, from creating high value jobs to generating wealth that fuels future investments. But…
On November 14, 2016, Prime Minister Trudeau and nine federal cabinet Ministers met with Canadian and international investors to pitch investment in Canadian infrastructure projects. During a series of meetings throughout the day, Trudeau and his team of Ministers argued the strength and positioning of Canada’s economy, as well as the opportunity to grow in…
Eastern Ontario government funding is supporting the expansion of four growing businesses. The selected manufacturers will create a total of 76 new jobs, while retaining an additional 137 for the region among other key benefits of their projects. On October 13, 2016, Premiere Kathleen Wynne announced that the Eastern Ontario Development Fund (EODF) will invest…
BioAmber Inc. is a Montreal-based manufacturer of renewable biochemicals including bio-succinic acid, a building block chemical made from corn syrup. The company uses naturally-occurring sugars found in plant matter and transforms them into clean, green chemicals. Some of the products made from biochemical compounds include food flavour and additives, personal care products, adhesives, paints, and…
Ferrero International is the world’s third-largest manufacturer and distributor of confectionary goods. The company, best known for their chocolate treats, has an expansive network of 22 manufacturing facilities worldwide including Canadian operations in Brantford, Ontario. Ferrero Rocher, Nutella, Tic Tac, and Kinder Surprise are just some of the products made there. The company’s Canadian subsidiary,…
Exporting is one of the most important growth strategies used by businesses across Canada. Nearly 73,000 Canadian small and medium-sized businesses (SMEs) leverage new markets and opportunities outside of the country by exporting goods or services. This, however, only accounted for 11.8% of SMEs in Canada signaling that there is reluctance among Canadian businesses to…
It’s no secret. Expanding your business into new international markets can help access additional suppliers, customers, and increase profits. Growing into strategically selected markets will make for a more competitive business, however selecting the wrong market could result in wasting precious company resources. A variety of tools and resources are available to help companies select…
Ontario has the second largest food and beverage manufacturing sector in North America and continues to grow year-over-year. The sector generates over $41 billion in annual revenue, of which over $7.6 billion is received from exports to other countries around the world. Growing food exports have helped to maintain Canada’s competitiveness among international food and…
As a technology startup or small business, it can often be difficult to consider your growth potential outside of your current Canadian market. Tech companies have reason to look outside of Canada though. In the artificial intelligence field alone, global investments have risen by over seven times from their 2010 levels. This market is now…
Community Futures Development Corporations (CFDCs) across Ontario play a key role in administering government funding programs to startups and small businesses. In total, there are 60 CFDCs located across Ontario (36 in eastern and southern Ontario, 24 in northern Ontario) who have helped over 120,000 entrepreneurs with a variety of funding and business planning services….