Kraken Sonar Systems Inc. is an engineer and manufacturer of advanced sonar and acoustic velocity sensors for Unmanned Underwater Vehicles. The technologies developed and commercialized by Kraken Sonar are widely used among military and commercial applications. On November 10, 2016, Kraken Sonar was announced as recipients of up to $485,000 in Canadian government grants from…
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…
Canada’s second largest wheat and flour milling operation, Parrish and Heimbecker, Ltd., was recently awarded a federal funding investment of $10M to build a new grain processing plant in Hamilton, Ontario. Canadian government funding provided through Agriculture and Agri-food Canada (AAFC) will allow the company to increase its production capacity and market exports. Parrish and…
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…
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…
Among all of the crops produced by Canadian farmers, apples and greenhouse tomatoes generate some of the highest revenues. In 2015 alone, Canadian agriculture farmers earned over $230 million from apple sales and nearly $830 million from greenhouse tomatoes, each boasting strong domestic and international sales. However, pests and bacteria can pose a threat to…