Foam Solutions manufactures a range of products, from insoles to underlayments to yoga mats. As a leader in the development of advanced manufacturing technologies, Foam Solutions delivers innovative products and services to domestic and international markets. Foam Solutions’ (FSI) head office is in Markham, Ontario. To support their continued growth and innovation, FSI accesses Canadian…
The Georgian Angel Network is a non-profit organization comprised of angel investors. The group provides expert knowledge and resources to support innovative tech startups in central Ontario. FedDev Ontario’s Investing in Business Innovation (IBI) program recently provided the Georgian Angel Network with a $300,000 federal investment. The organization will use this amount to attract 18…
The Growing Forward 2 Ontario: Organizations and Collaborations stream provides government grants to support the partnership of non-profit organizations, small businesses, and research/academic institutions who are enhancing the abilities, yields, and productivity of Ontario’s agriculture industry. Eligible applicants may receive up to 50-75% of expenses to a maximum $500,000 in Ontario government grants. The five-year…
Ontario’s advanced manufacturing industry is a top driver of Canada’s economic performance. In 2015 alone, manufacturing sales in Ontario contributed nearly $290 million in GDP and sustained nearly 800,000 high-quality jobs. One of the reasons for this success is because Ontario government funding supports manufacturing investments that lead to productivity improvements, innovation, and international exports….
Technology firms are among the largest and fastest growing companies in Canada. In 2015 alone, Canada’s advanced technology industry consisted of over 71,000 firms who contributed over $117 billion in economic output. This is largely based on their willingness to take risks and invest in research and development activities. There are, however, some regions in…
Ontario’s economy is expected to achieve a 3% growth in GDP based on the province’s performance this year. Previous growth projections expected a 2.6% increase to the province’s GDP, however favourable conditions enabled businesses to increase their competitiveness and drive sales, both domestically and internationally. This is just one of the many trends identified in…
The economic development of northern Ontario is extremely important to all levels of government. To grow and sustain businesses in the region, government grants and loans can be obtained to offset a portion of project costs. This funding is allocated by governments on a regional basis, and is usually determined on population or development potential….
After 52 years in business, Cambridge Towel is expected to close its doors on November 30, 2016. The closure means that 120 unionized and 40 non-unionized jobs will be lost. After losing a major contract with Walmart in March 2016, the textile manufacturer faced financial pressure and has recently entered bankruptcy protection. Cambridge Towel understood the difficulties…
The Province of Ontario is positioning itself to be a leader in the development of clean technologies, commonly referred to as “cleantech”. Funds generated from the Ontario provincial cap and trade program will be reinvested into ‘green economy’ businesses, or those exploring new ways to reduce carbon emissions. This is a contributing factor in the…
The Federal Economic Development Agency for Northern Ontario (FedNor) recently committed close to $1.5M in federal investments to promote greater innovation and competitiveness within northern Ontario. On October 28, 2016, FedNor announced that it would provide up to $1,488,972 in Ontario government funding to support the Sault Ste. Marie Innovation Centre. The Innovation Centre provides…