Budget 2019 puts business on the sidelines, misses chance to fix fundamental flaws in our economy (News Releases)
Phil Taylor – 19/03/2019
Today’s federal budget failed to address the fundamental issues that continue to undermine the ability of Canadian business to create more jobs and generate more prosperity for all Canadians, according to the Canadian Chamber of Commerce’s analysis.
BDC Capital invests over $180 million to date in business transition transactions
Amount invested is on track with $900-million commitment over five years
Montreal, March 26, 2019 — BDC Capital, the investment arm of BDC, has invested over $180 million in change-of-ownership transactions since Dec. 2017 and is on track with its pledge to invest $900 million in such deals over five years.
“Investing in business transitions is one of our core offerings,” says Patrick Latour, Senior Vice President, Growth & Transition Capital at BDC Capital. “Our Growth & Transition Capital team specializes in helping the many Canadian entrepreneurs who are planning business transitions or seek to pursue an acquisition. We have a customized and flexible offering with a goal to help build strong Canadian companies with a competitive edge on the regional, national and global stage.”
Bruce Power’s Major Component Replacement project provides substantial return on investment for Ontarians
(Toronto – March 25, 2019) – Today, the Ontario Chamber of Commerce (OCC) released a report commissioned by Bruce Power outlining an impartial economic impact assessment of the Major Component Replacement (MCR) Project undertaken as part of Bruce Power’s Life-Extension Program. The report, Major Component Replacement Project Economic Impact Analysis, reveals that the 13-year-long MCR Project would be of significant benefit to the economy through economic impact, GDP increase, tax revenue, and opportunities for local workers and industry.
2 MORE LOAN PROGRAMS TO SUPPORT BUSINESS EXPANSION & INNOVATION
In addition to its traditional loan support of up to $250,000 for small businesses, the KLCFDC can provide access to up to $1,000,000 in financing through the Eastern Ontario Investing in Regional Diversification (IRD) Loan Pool and the Southern Ontario Fund for Investment in Innovation (SOFII).
Specifically developed to meet the needs as expressed by southern Ontario businesses, these innovative loan programs can support a wide variety of activities including new product development and late stage commercialization activities, business expansion, Green Tech and Clean Tech, exporting, Women in Business, Business Succession Planning and Ownership Transitions.