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Greater Niagara Chamber of Commerce

Daily Update: March 3, 2026

In this edition:

  • NCF environmental impact nearly triples in four years
  • Shaw Festival’s Royal George Theatre cannot be torn down over the next month
  • Pathstone expands Pen Centre clinic to 5 days a week
  • Algoma buys 6 Canadian-flagged ships from U.S. company
  • Linamar and Regen Resources form alliance to advance battery-grade graphite development in Welland
  • Wainfleet schedules public meeting for Official Plan review
  • Rising foreign investment in Canada doesn’t tell the full story, economists say
  • Focus on Human Resources

 

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Picture credit: Niagara Community Foundation

NCF environmental impact nearly triples in four years

In the last four years, Niagara Community Foundation (NCF) has nearly tripled its investment in the Environmental sector across Niagara, granting over $280,700 in 2026. The annual granting stream has been a cornerstone of the Foundation’s granting priorities since 2004 and has steadily grown since its inception.

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Picture credit: Shaw Festival

Shaw Festival’s Royal George Theatre cannot be torn down over the next month

An Ontario judge has granted a continuation of a Niagara-on-the-Lake resident’s legal action to prevent Shaw Festival from demolishing the historic Royal George Theatre.

A judicial review had been scheduled Feb. 26 by teleconference, but was unexpectedly adjourned, said Eric Gillespie, who is representing Nicholas Colaneri and Centurion Building Corp.

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Picture credit: Pathstone

Pathstone expands Pen Centre clinic to 5 days a week

What started as a temporary pop-up storefront at Niagara Pen Centre has evolved into a permanent fixture for youths, with Pathstone Mental Health moving to a full five-day-a-week schedule.

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Picture credit: Algoma Central Corporation

Algoma buys 6 Canadian-flagged ships from U.S. company

Algoma Central Corp. is expanding its fleet of Great Lakes ships, announcing it has entered into an agreement to acquire Mainstay Maritime Inc.’s three Canadian operating companies and their associated fleet of six Canadian-flagged vessels belonging to Lower Lakes Towing.

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A Linamar facility

Picture credit: Linamar

Linamar and Regen Resources form alliance to advance battery-grade graphite development in Welland

Linamar Corporation and Regen Resources today announced a strategic alliance aimed at advancing the commercialization of graphite assets located in Welland, Ontario, supporting the development of a domestic supply of battery-grade graphite for industrial and automotive applications.

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Wainfleet town hall

Picture credit: Township of Wainfleet

Wainfleet schedules public meeting for Official Plan review

The Official Plan Review is a Township-wide initiative, affecting all land within the Township. GSP Group Inc. has been retained by the Township to assist staff with the project. A public meeting has been scheduled for Tuesday April 14, 2026 at 6:30 p.m. in Council Chambers.

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Stack of coins money with Canada flag, finance banking concept.

Picture credit: amazing studio / Adobe Stock

Rising foreign investment in Canada doesn’t tell the full story, economists say

Statistics Canada says the flow of foreign direct investment into the economy came close to a two-decade high last year, while economists caution the volume of capital entering Canada isn’t the only metric that matters.

Agency data released last week shows foreign direct investment, or FDI, hit $96.8 billion last year, the highest level recorded since 2007.

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Focus on Human Resources

For years, the U.S. was the default destination for ambitious entrepreneurs from around the world. Many of the most influential tech CEOs, like Zoom founder Eric Yuan and Jayshree Ullal of Arista Networks, immigrated through the H-1B program, which allows American companies to hire highly skilled foreign workers. Then, last fall, Donald Trump announced that employers would have to pay a staggering $100,000 fee for each new H-1B visa petition. (Before that, they typically cost no more than $5,000.) Trump’s fee hike could slash H-1B applications by 90 per cent, resulting in potential GDP losses of US$100 billion and a shortfall of 154,000 high-skilled foreign workers over the next three fiscal years. The good news: all that entrepreneurial talent will be looking for somewhere else to go.

Canada is a great alternative—and I know this from personal experience. I immigrated from Germany in 2001 after selling my online book marketplace, JustBooks, to AbeBooks, a B.C.-based competitor. I only expected to stay for a couple of years, but then I met my wife and we built a life here. Today, Canada’s tech ecosystem is larger, more mature and has more access to capital than when I arrived. But before we can leverage America’s new immigration barriers to pull folks over from abroad, we have to address our own biggest startup stumbling block.

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Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.

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