April 1st marked the first day of the Canadian government’s 2015 fiscal year and with it, came an update to the Economic Action Plan (EAP), an initiative to benefit Canadian businesses, families, and seniors. This article will focus on the business elements of EAP. The Canadian federal government created the Economic Action Plan in response…
The Canadian federal government’s fiscal cycle officially started on April 1, 2015, which means that several Canadian business funding grants and loans have been replenished and more are expected to launch in the upcoming weeks. Mentor Works is offering complimentary online funding webinars on some of the most popular programs. Businesses are encouraged to register…
The Ontario Manufacturing Learning Consortium (OMLC) have launched a partnership program with Ontario manufacturers to help address the skills gap in the labour market. Manufacturers are finding it increasingly difficult to find talented and experienced youth who can work in manufacturing environments. To help address this the OMLC launched a partnership program where young interns…
Mississauga, Ontario based aerospace parts manufacturer, Koss Aerospace, will receive Ontario government funding from one of FedDev Ontario’s Southern Ontario Prosperity Initiatives (SOPI) to support facility expansion efforts, creating jobs in the region. Through the Investing in Business Growth & Productivity (IBGP) Ontario funding, Koss Aerospace will receive an investment of nearly $5M, which will…
Statistics Canada has issued its most recent employment stats, in which it lists the city of Guelph, Ontario as having the lowest unemployment rates in the province. Released on February 6, 2015, the findings state that January’s jobless rate in Guelph was an astonishing 5.1%. When looked at as entire country, Guelph’s unemployment rates are…
In 2012, Statistics Canada compared Canadian business’ commitment to introducing new innovations within their organization between 2007-2009 and 2010-2012. When comparing these time periods, trends can be seen towards an increased focus on organizational innovation, as well as a dedication towards product innovation. These two metrics relate to productivity improvements throughout the organization, often carried…
Canadian businesses in and around the region of Kitchener-Waterloo should mark their calendars for an exciting funding event. On February 18, Bernadeen McLeod, President & Owner of Mentor Works, will help businesses discover government grants and loans on both the federal and provincial levels. Funding exists for a wide variety of funding initiatives, including business…
The Ontario Media Development Corporation (OMDC) is committed to supporting physical and digital media activity across the province through events, resources, and business funding programs, including the Interactive Digital Media Fund and OMDC Export Fund. The corporation is now planning a specialized meeting in Toronto to provide a forum for Canadian film and television, and…
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…