Winnipeg Free Press
Calls it most business-friendly in country s history
Minister Mary Ng joined Economic Development Winnipeg virtually for a Friday afternoon webinar event.
Manitobans need not look further than Ottawa’s federal budget to find light at the end of a pandemic-sized tunnel, believes the MP in charge of small business, export promotion and international trade.
Manitobans need not look further than Ottawa’s federal budget to find light at the end of a pandemic-sized tunnel, believes the MP in charge of small business, export promotion and international trade. This is the most business-friendly budget in Canadian history, said Minister Mary Ng, joining Economic Development Winnipeg virtually Friday afternoon, after the Liberal government tabled a nearly 700-page fiscal blueprint for the country in the House of Commons this week.
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The dearth of financial investment for Manitoba startups and small firms is expecting a sliver of much-awaited activity.
The dearth of financial investment for Manitoba startups and small firms is expecting a sliver of much-awaited activity.
Under the federal and provincial budgets, unveiled just one week apart, both Ottawa and Manitoba recognized the need for capital and equity investments to kick-start economic recovery from the COVID-19 pandemic.
But stakeholders and business leaders, who believe venture capital incentives or funds could not come at a better time, aren’t so sure the new government initiatives will move many needles.
Federal budget reveals investments for clean tech and biomanufacturing sectors April 21, 2021 Maryam Farag
The 2021-2022 federal budget revealed $17.6 billion towards clean tech investments and green initiatives, and $2.2 billion in biomanufacturing and life sciences sectors.
The key highlights in the government’s $2.2 billion over seven years towards the sector of life sciences and biomanufacturing include:
$500 million over four years for the Canada Foundation for Innovation to support the bio-science capital and infrastructure needs of post-secondary institutions and research hospitals.
$250 million over four years for the federal research granting councils to create a new tri-council biomedical research fund.
$92 million over four years for adMare to support company creation, scale up, and training activities in the life sciences sector.
Federal government looks to “punch our way out of the COVID recession” with #Budget2021
The federal government has published its Budget 2021, which focuses on addressing the third wave of the pandemic and economic recovery. The commitments include targeted funding towards the tech and innovation sector as a way to support that recovery.
The Government of Canada called the budget “a plan to bridge Canadians and Canadian businesses through the crisis and towards a robust recovery.” Proposals include extending business and income support measures through to the fall and investments to create jobs. The Budget also includes plans to accelerate investment in the digital transformation of small and medium-sized businesses, and a focus on cleantech and creating inclusive workplaces, the latter of which includes a proposal to establish a $15 federal minimum wage.
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As the Canadian government carves out an economic path forward beyond the COVID-19 pandemic, Manitoba business leaders and stakeholders have mixed feelings about Ottawa’s fiscal blueprint for the country.
As the Canadian government carves out an economic path forward beyond the COVID-19 pandemic, Manitoba business leaders and stakeholders have mixed feelings about Ottawa’s fiscal blueprint for the country.
Finance Minister Chrystia Freeland unveiled the first federal budget in more than two years on Monday, touting it as a lifeline for workers and struggling businesses, with a pandemic-sized asterisk that things could still change drastically if vaccine supplies are delayed or if they prove inefficient against emerging variants of the coronavirus.