In this edition:
- Feds announce funding for second phase of Port Weller Dry Docks Cargo Terminal Project
- Province to provide free training for auto workers
- Canadian corporate income down in Q1 2023
- ConnectLinc Summer Youth Skills Programs prepare local youth for bright future in Lincoln
- Electric vehicle showcase being held in Niagara this weekend
- Niagara College-led Greenhouse Technology Network expands membership by 2
Feds announce funding for second phase of Port Weller Dry Docks Cargo Terminal Project
Today, the Minister of Transport, the Honourable Omar Alghabra, announced an investment of up to $5.2 million, under the National Trade Corridors Fund, for the second phase of the Port Weller Dry Docks Cargo Terminal Project.
This project will improve the areas of the port that are being used for the handling of cargo. It will also develop around 11 acres of land that is available, but not being used, from the dockside to the cement trans-loading facility, as well as around the cargo laydown and handling area.
As demand for cement continues to rise, and there is less land for port development, this project will increase capacity in the Niagara ports network. It will also improve transportation connections between Niagara ports, making it easier and more efficient to deliver goods to different markets.
Province to provide free training for auto workers
The Ontario government is investing more than $4.7 million to support two innovative projects to help over 360 people land full-time jobs in the province’s growing automotive manufacturing sector. These free programs will provide participants with skills for rewarding careers in machine operation, assembly, quality control, and logistics while also preparing automotive technicians and those interested in the industry for work in the emerging electric vehicle field.
Canadian corporate income down in Q1 2023
The combination of higher interest rates, inflationary pressures, and labour challenges have impacted Canadian enterprises in several different ways. Collectively these macroeconomic headwinds drove down net income before taxes (NIBT) in the first quarter.
Canadian corporations reported a 5.6% decrease (or -$9.8 billion) to $165.9 billion in NIBT in the first quarter, impacting both the financial sector (-11.3%) and the non-financial sector (-3.1%).
ConnectLinc Summer Youth Skills Programs prepare local youth for bright future in Lincoln
Following the success of the 2022 Summer Youth Skills Program and the 2023 March Break Youth Skills Program, ConnectLinc is offering seven specialized camps focused on industries that play a crucial role in the tourism sector here in Lincoln and across Niagara. These industries include technology, events, public works, agriculture, hospitality, food service and media.
Registration for summer programs is now open to individuals ages 12 to 16 at www.civiconnect.ca/connect-linc.
Electric vehicle showcase being held in Niagara this weekend
CAA Niagara is excited to present its first-ever EV Showcase, taking place outside the Pen Centre in St. Catharines on May 27 & 28, 2023.
Throughout the two-day event, there will be EV vendors and experts onsite, showcasing their products and services, providing demonstrations and sharing their knowledge on e-mobility. The event will also feature test drives from Plug ‘N Drive and Tesla, giving attendees the opportunity to get behind the wheel of the latest electric vehicles on the market, as well as a special EV panel with presentations from various industry experts and enthusiasts.
Niagara College-led Greenhouse Technology Network expands membership by 2
Brock University and the University of Windsor are the newest members of Greenhouse Technology Network (GTN), a Niagara College-led consortium of academic research institutions supporting the research needs of greenhouse and related technology businesses through applied projects.
In 2019, the new network for research and technology in southern Ontario’s greenhouse sector was established with support from a $5-million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
GTN is a consortium of research-focused centres that increases innovation capacity to grow the Ontario greenhouse industry.
Did you know?
Focus on Climate
‘Don’t F&*! The Planet’: Atlassian issues net zero guide for companies cutting climate impact
As corporate reports go, the title of Aussie tech firm Atlassian’s guide for other companies to cut their greenhouse gas emissions is as direct and flavoursome as they come: “Don’t F&*! The Planet.”
The firm, founded by Australians Mike Cannon-Brookes and Scott Farquhar, says it is already running its operations on 100% renewable electricity and has a “science-based target” to reach net zero emissions no later than 2040.
But the guide lays out the company’s steps in adopting its target and warns companies that the issue of using offsets to meet targets “is facing an enormous amount of blowback”.
The guide says any company that commits to a science-based target “can’t make net zero claims” until they have cut their emissions directly by 90%, with carbon offsets used to make up the balance.
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.