Melanie Joly says the Liberal government will be lending close to $30 million to eight tech companies in the Waterloo Region.
Economic Development Minister Melanie Joly said Wednesday the funding will be close to $30 million in eight tech companies in the Waterloo Region.“This will create 500 new jobs and will also maintain 300 jobs,” she said during an online announcement.
Among the other moves, the federal government is ensuring firms have access to the wage subsidy and CIBA accounts and the IRA program, she said.“My colleague, Bains, who’s in charge of the Investment Canada Act, has clearly stated that there would be some heightened obligations on the part of foreign companies because we want to make sure that we protect our Canadian tech startups and Canadian companies,” Joly said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Update: Ottawa paid WE Charity $30-million to run student program; Trudeau to testify on ThursdayWE Charity said it will refund the money it received and is working with the federal government to determine repayment details
Read more »
Coronavirus Update: Wealthy U.S. parents hire teachers for private ‘pandemic pods’July 27: Ottawa paid WE Charity $30-million to run student grant program; Senate votes to extend emergency wage subsidy for employers until December
Read more »
Morning Update: Ottawa paid WE Charity $30-million to run student program; Trudeau to testify on ThursdayWE Charity said it will refund the money it received and is working with the federal government to determine repayment details
Read more »
Canadian smart glasses going 'offline' weeks after company bought by GoogleOntario tech company North, which was acquired by Google last month, has told customers that its smart glasses will no longer work after Friday.
Read more »
Feds announce full public inquiry into Nova Scotia mass shooting, bowing to pressureBREAKING: Feds announce full public inquiry into Nova Scotia mass shooting, bowing to pressure
Read more »