Canada’s second-largest automotive manufacturing company, Linamar, is an internationally recognized corporation with 59 plants throughout North America, Asia, and Europe. Linamar provides a significant benefit to southern Ontario’s economy, employing over 25,000 workers and generating more than $6 billion in annual sales. Recently, Linamar was awarded $99 million in automotive business grants through two government…
For over 15 years, the Canadian government has used agriculture policy frameworks to enhance the competitiveness of agriculture and agri-food companies. The latest active framework, Growing Forward 2 (GF2), provides cost-sharing support to businesses within the agricultural sector through several support programs. Growing Forward 2 is a five-year (2013-2018) framework that will, as of April…
Lakeside Plastics Ltd. is a Tier 1 and Tier 2 supplier of plastic injection-molded automotive products. Based in Windsor, Ontario, the company is a top supplier to General Motors and other top automotive assemblers in the region, both in Canada and the United States. Recently, Lakeside Plastics was announced as recipients of the Strategic Innovation…
Canada is a nation well-positioned to capitalize on the market for greenhouse-grown fruits, vegetables, herbs, and flowers. Each year there are more greenhouses operating, more greenhouse space available, and as result, greater output of greenhouse-produced products. Ontario leads all provinces in this area and generated over $1.6 billion in sales in 2016; during the same…
The Sodecia Group was founded in Portugal in 1980 and has since become a full-service supplier of automotive chassis and powertrain components, and designer of highly-automated assembly systems. Sodecia works with 12 of the world’s major original equipment manufacturers (OEMs) and maintains multiple facilities in London, Ontario. To keep up with the demand for innovative…
Canada’s natural resources sector is one of the country’s top economic drivers. As of 2016, natural resources accounted for 16% of Canada’s gross domestic product (GDP), contributed over $200 billion in exports, and provided 1.74 million jobs for Canadians. While the competitiveness of Canadian players in this industry is highly important, so is their sustainability….
In recent years, federal and provincial governments have place a strong focus on business innovation in Canada. The Government of Canada’s Budget 2017 announced the realignment of resources to improve innovation programs and strengthen the economy. Investing in business innovation allows small and medium-sized companies to flourish and increase their market competitiveness. In October 2017,…
The Government of Canada recently announced it would provide Covered Bridge Potato Chip Company up to $437,500 in small business loans to expand production and offer new products. The investment will help offset the cost of installing a new production line to produce kettle cooked popcorn. The repayable contribution will be provided through the Atlantic…
The Government of Canada has officially released its ‘short list’ of innovation consortiums to potentially receive funding through the Innovation Superclusters Initiative (ISI). Currently, nine research and innovation partnerships have been announced and will move onto the second stage of funding applications. Up to five of these groups will access Canadian government funding through the…
The Canadian federal and provincial governments recognize the financial commitment businesses need to make to invest in growth and development initiatives. To help offset some of these costs, business owners can access government funding to maximize the impact of their strategic projects. Business owners and executives can become more aware of these opportunities by attending…