Canada’s second-largest auto parts maker, Linamar, is receiving significant support from the Canadian federal and provincial governments. The Guelph-based manufacturer has committed to a $506.8 million research and development project that will lead to significant job creation and innovation within Ontario. The resulting economic impact has spurred multiple government investments to assure a successful project…
The Canadian Manufacturers & Exporters (CME) association surveyed over 800 businesses last year as part of their 2014 Management Issues Survey to determine top management issues. The results were very clear: 47% of respondents indicated that the “availability of skilled labour” is a strong factor in making investment decisions with 45% declaring that labour shortages…
On December 15, 2014, Member of Parliament Peter Kent of Thornhill announced a $782,000 funding contribution to Riverside Natural Foods Ltd., this according to a Federal Government press release. The repayable contribution will help the company commercialize its innovative, organic snack foods. AAFC AgriInnovation Program Supports Purchase of Capital Equipment for Food Processing Support through…
The Industrial Research Assistance Program (IRAP) has helped businesses across Canada improve their commitment to internal research and development, allowing some businesses to use their business funding grants for R&D each year. IRAP continues to evolve their programs around the needs of the business community, as seen in the launch of the Business Innovation Access…
According to the Ministry of Agriculture, Food, and Rural Affairs, Ontario is home to North America’s third largest food and beverage manufacturing centre, with close to 3,000 multinationals, home-grown giants, and niche companies producing $35 billion in goods annually. With food and beverage processing expected to remain a leading growth engine for the Canadian economy,…
By Ewan Roy, Marketing & Communications, Forum for International Trade Training (FITT) In a June 2014 CGA-FITT-Nanos survey, 97.7 percent of trade professionals responded that international trade is important or somewhat important to their company. Meanwhile, 71.4 percent agreed opportunities for Canadian companies to engage in international trade are increasing. This combination of necessity and…
A wide range of government funding programs are periodically available to support businesses’ various strategic initiatives. However, applicants should be aware of the turnaround time on submitted applications before committing to a specific Canadian government funding program. Unlike tax credits, which focus on retroactive reimbursement, small business funding grants and loans require applicants to pre-plan…
Sustainable Development Technology Canada (SDTC) is a not-for-profit organization that aims to find and help fund clean and sustainable technology solutions that benefit the Canadian economy as well as the health and well-being of Canada’s citizens. “Cleantech ensures the economic viability and environmental responsibility of Canada’s major sectors, including natural resources and manufacturing. This creates…
In 2012, $1.13 trillion Canadian goods and services were traded. It is clear that exporting is a key component to our economic foundation. Whether companies are exporting or expanding into new markets domestically, the Business Development Bank of Canada (BDC) can provide funding to help businesses with their market expansion activities. The program is called…
The Province of Alberta announced earlier this month that the provincial government will set aside as much as $200 million from within the Alberta Heritage Savings Trust Fund. The funds will be directed to a number of causes including the expansion of grant programs to local applied research associations and to value-added product development and…