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…
Technology companies are constantly innovating and transforming ideas into exciting new products and services. The Ontario technology sector is growing substantially with companies developing new products, and according to Invest in Ontario the IT sector here is the second largest cluster after California. Ontario’s IT cluster is centred on Kitchener-Waterloo, a region host to a…
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…
The Ontario provincial government is actively distributing their Southern Ontario Prosperity Initiatives (SOPIs) to encourage economic growth, job creation, and innovation. Wolf Steel Ltd., a Barrie-based manufacturer of Napoleon Fireplaces, was recently awarded over $4 million in repayable Ontario government funding through the Investing in Business Growth & Productivity (IBGP) small business loan. This funding…
Three medical companies located in the Greater Toronto Area (GTA) will receive up to $2.2 million in investments in the year 2015. In an effort to continually advance and develop southern Ontario’s innovation sector, the Investing in Business Innovation (IBI) Initiative provides new entrepreneurs with a 0% interest business loan to support commercialization projects for…
The Canadian Government awarded over $24M in business grant and loan support through the Prosperity Initiative to Ontario companies in the month of January. This support will be used by businesses and not for profits to acquire new capital equipment, improve facilities, create jobs, and support their supply chain. Of this, Mentor Works clients were…
FedDev Ontario recently announced the launch of a new fund to support entrepreneurs. The SmartStart Seed Fund (SmartStart) launched with a pool of $9M to support entrepreneurs in the technology sector or companies with innovative ideas. The program provides seed financing for entrepreneurship skills training to help young business owners grow their company and make…
Still reeling from the recent closure of the Heinz plant, the people of Leamington, Ontario received good news in the form of a funding announcement from the federal government. Investments of up to $200,000 to the Windsor-Essex Economic Development Corporation will support existing food processing businesses while attracting new investment to the region. The investment…
The Federal Economic Development Agency for Southern Ontario (FedDev) Minister of State, Gary Goodyear, and MPs, Harold Albrecht, Stephen Woodworth and Peter Braid, were in Waterloo on November 12th to announce a $2 million investment in innovative local businesses. An investment of $1.53 million will be shared by three businesses, and an additional investment of up…
FedDev Ontario Minister of State, Gary Goodyear, and the local MP in Renfrew-Nipissing-Pembroke, Cheryl Gallant, announced an investment of up to $3 million which helped the local manufacturer reopen for business. Increasing Domestic and International Demand Helped the Plant Reopen after being Dormant for 6 Years A pick-up in demand both at home and abroad…