Although Canadian manufacturers are largely projecting growth over their next 1-3 years, there are a number of constraints that will limit their ability to do so. As reported in Manufacturers’ Outlook 2016, a survey of top manufacturing executives in Canada, a variety of issues will continue to challenge operations and slow growth over that time….
The Canadian manufacturing industry has reasons to be cautious, yet optimistic in the short-term future. In February 2016, the industry’s contribution to Canada’s gross domestic product (GDP) rose by 1.5%, yet as a whole, industry sales dropped by 1.6%. As the Canadian business landscape changes, manufacturing executives must understand how to respond to new opportunities…
Cambridge Pro Fab is a leading supplier of steel ducting for the oil, gas and coal power generation industries. As an industry leader in the manufacture of HRSG, pollution control, noise reduction and air filtration systems, Cambridge Pro Fab Inc. has built a diverse portfolio of customers for over 25 years. The company’s growth over…
The Federal Economic Development Agency for Northern Ontario (FedNor) provides federally sourced funds to businesses, organizations, and communities within the province’s northern regions. The agency supports the development and competitiveness of businesses to ensure the north grows and contributes toward the country’s economy. Canadian Manufacturers & Exporters (CME) also provides support to growing businesses across…
Manufacturing has traditionally required a dedicated infrastructure, production team, and resource management system. These barriers to entry have given businesses near-exclusive control over the type of products available to consumers. However, with the recent advancements in additive manufacturing, such as affordable 3D printers, consumers are now given the freedom to design and create tangible items…
With a decreasing population that is largely comprised of aging citizens, northern Ontario provides challenges for growing businesses. Due to immense migration of youth talent, either to other provinces or moving to southern Ontario, businesses in the northern part of the province are having difficulties finding quality workers – especially skilled labour. Although northern Ontario…
Two manufacturers, Hammond Manufacturing Company and Ontario Drive & Gear Limited, will receive government funding valued up to $6.6 million to expand their operations. This government funding, among other benefits, will help the two businesses to purchase new, innovative technologies and train their employees on how to best use the equipment. By receiving Ontario government…
There are a vast selection of government grants, loans, and tax incentives that manufacturers can use to reduce project expenses. Whether Ontario manufacturers invest in hiring and training projects, research and development, business/market expansion, or are improving their productivity through technology adoption, Ontario government grants are available to reduce the cost (and risk) of project…
Canadian business owners and executives have several opportunities to learn and grow their company this month. In addition to Mentor Works’ ongoing small business funding webinars, members of our team will also be attending small business events across southern Ontario. Join us at any of the following events to discover small business grants, loans, and…
The Canadian economy’s success is heavily dependent on the contributions made from the manufacturing industry. Creating high-value, high-paying jobs in manufacturing (especially advanced manufacturing jobs) will ensure that Canada is able to remain competitive with other nations in coming years. However, before Canada reaches this vision, it must ensure that there is enough skilled labour…