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\ nomoomo an lam: / m . . 0 In 2 "A! m Fanatic . .......... .....m..........=..... Ontario busme s s H lia- ' At ”an! Al Sears h liens tees-sis" :m than 0 o . fie was "1:: IS a 11011 “M o t“â€" :hi‘i‘sarliaslaaieslsssas Whonyouchoosofihoam.youchoosoyourdroaml at week an Interesting ties across southern Ontario M m”; “I. ' I media report appeared recover from the current . â€" I ' related to a huge feder- recession I . si economic development For many of these areas, the w. t 7 ' W T p ,, . . 77 U ‘ initiative for businesses major challenge was replacing . , i " acrosssouthernOnm-io. thelossofthousandsofiobsin V Recent requests under the . mmifactuiing Access to Information Act The calendar indicates the indicate that the major bene- original five-year mandate is flciaries for funding under ‘ rapidly concluding, Therefore, . theFedDevOntarioprogram ;;1 ? decisionsresudinsthepmo-am . _ are located in the Toronto 3 ,3 arelmminent. area and not centres in fig; ”1; Ourchamber, in submissions southwestern Ontario where ': " ' to the federal government. has _ the impacts of the recent } : strongly recommended the W """' recession have been signifi- , :4;er _ agency continue " u A“ “a WAI E O ONICIsE cant. h Funding3d from tl;ilsfiprogram Controversy is not new to as provl critic nancing -? 51 9.886.28m FedDev Ontario, which stan- for many local start-up compa- ed in August 2009 at their nies in the technology sector in ' headquarters in downtown a market Where venture capital “tamer. is scarce. The agency, which provides financial Many of the early recipients of FedDev . > - assistance to companies and mice“ funding. such as Miovlsion in Kitchener, _ _ ‘ . , stretching from Ottawa to Madison has hi"? W“? M We! the P05! iiÂ¥r‘5‘h“\ .1: “,3"; ”3”“. V. receivedaheuvyvolumeofspplicatlons WNWMHfliflr-ingmmmem ‘ ‘ ' y . “‘ ‘ w ‘ ‘ overthepastfouryearsofrecessionary investmentinbusinesscanbesuooeasfiil. ‘ L , ‘ 5 timeshImKhernOntarlo. . Following our recommendation, the guild mum §\?“‘\ ‘_ Whilehundredsofmillionsofdollars Onmioanmberomonunemetoocihas ' ‘ ' 3 4pm” has been allocated from the five-year. also M MD" Ontario move from \ ' " $l~bflllon~dollar fundl many proposals a temporary to permanent agency for g luvenniortunsaelybeen rejected. assisting southern Ontario businesses in . IndieZOll federaleiection campaign. adiusdns toglobalmarltetsandmaimain- ~ ‘” ' FedDev Ontario was a huge issue in the ing I competitive position with neighbour- ' London area. ing jurisdictions. I . Media reports there indicated that a dis- The 0(1) has frequently referenced Fred 1 V" proportionate share of the funding was Dev support of the SMART program with " going not to Toronto, but rather Waterloo the Canadian Manufacturers and Exporters .1 Region. Those numbers were the subject of that has created an estimated 5,000 new on-going debates jobs in manufacturing as a major success. The estimates were that our area Despite the job losses and plant clo- received $18.3 million, while London. sures in manufacturing Md other sectors. based applicants 30613.4 million. southern Ontario maintains a series of Sarnia Mayor Mike Bradley claimed advantages, including a well-educated and Waterloo Region's success at securing Fed- diverse population. a world-class network , ’ Dev funding could be strongly connected of higher education institutions, and ' to businesses and related or anizations accesses to American markets. .It 8 nice to know that things 40!! t Change assembling far superior progosals than The Oblective 0f FedDev is to build on in a Chartwell retirement resrdence Omermmmunim We advantage and ensure we can com- _ . g The debate was interesting. but did not pete in global markets. Livmg in a Chanwell retirement residence has taken away the wony of level a major negative imPaCi on Conserva- h 8:1": b0“°"f‘u]“;'e is FWD“ has been - - - , - - ~ 3 - tive Party su rt in the election. i success or Waterloo R ‘on and havmg to maintain a house while allowmg them to focus on their time Moving {530“ to 201341“! major issue southern Ontario businesses “:8; a pm together. lf the time has come to Stan constdenng your options, we can help. for senior government officials in Ottawa is gram worth continuing. the future of FedDev Ontario. â€"‘0 â€" “7.. is . ..- 2113‘” 3,; Finance Minister iim Flaherty first ”' ‘ ‘ " -' . ‘ “a .5; annountced the program in the 2009 budg- 10%?Zeucpmidemand TM, if. N" et as a lye-year initiative supported b 0 I reaterKâ€"W W%O%NT ' r over $1 billion dollars to assist communi): Chamber OfCommerw RETIREMENT RESIDENCE ,3. . Yes 190 David Bergey Dr., Kitchener ‘53? - U . . :E'Z“ °" *â€" Tl“ â€" Call 519-571-1110 . . .. WATERLESO C RONICLE www.chartwechom it €:i-..-'W‘\r-- Elma7:2“,15355-2‘3i42'e3; * a.“ I“ «J. amine , www.waterloochronicle.ca