BioAmber Inc. is a Montreal-based manufacturer of renewable biochemicals including bio-succinic acid, a building block chemical made from corn syrup. The company uses naturally-occurring sugars found in plant matter and transforms them into clean, green chemicals. Some of the products made from biochemical compounds include food flavour and additives, personal care products, adhesives, paints, and…
Ferrero International is the world’s third-largest manufacturer and distributor of confectionary goods. The company, best known for their chocolate treats, has an expansive network of 22 manufacturing facilities worldwide including Canadian operations in Brantford, Ontario. Ferrero Rocher, Nutella, Tic Tac, and Kinder Surprise are just some of the products made there. The company’s Canadian subsidiary,…
Exporting is one of the most important growth strategies used by businesses across Canada. Nearly 73,000 Canadian small and medium-sized businesses (SMEs) leverage new markets and opportunities outside of the country by exporting goods or services. This, however, only accounted for 11.8% of SMEs in Canada signaling that there is reluctance among Canadian businesses to…
It’s no secret. Expanding your business into new international markets can help access additional suppliers, customers, and increase profits. Growing into strategically selected markets will make for a more competitive business, however selecting the wrong market could result in wasting precious company resources. A variety of tools and resources are available to help companies select…
Ontario has the second largest food and beverage manufacturing sector in North America and continues to grow year-over-year. The sector generates over $41 billion in annual revenue, of which over $7.6 billion is received from exports to other countries around the world. Growing food exports have helped to maintain Canada’s competitiveness among international food and…
As a technology startup or small business, it can often be difficult to consider your growth potential outside of your current Canadian market. Tech companies have reason to look outside of Canada though. In the artificial intelligence field alone, global investments have risen by over seven times from their 2010 levels. This market is now…
Community Futures Development Corporations (CFDCs) across Ontario play a key role in administering government funding programs to startups and small businesses. In total, there are 60 CFDCs located across Ontario (36 in eastern and southern Ontario, 24 in northern Ontario) who have helped over 120,000 entrepreneurs with a variety of funding and business planning services….
Canadian businesses should evaluate the benefit of entering international markets to grow, as export expansion has been a key pillar to many businesses growth. Beginning to export, however, poses a number of challenges for small businesses within Canada. Often times, business leaders are successful within their industry however lack the expertise or connections needed to…
Editor’s Note: Details of the Canada Summer Jobs program are subject to change at any time; details on this page were accurate as of the posting date. To learn about current program details, please contact Mentor Works or visit canada.ca/en/employment-social-development/services/funding/youth-summer-job. Wage subsidies are a popular option for businesses looking to reduce employment costs and improve the…
With the relative weakness of the Canadian dollar against the U.S. dollar, many Canadian small businesses have ramped up exporting activities south of the border. The lower costs of buying from a Canadian company has made it very attractive for American businesses to purchase from Canadians. This trend is even impacting consumer markets with many…