In this edition:
- Niagara Falls Innovation Hub to receive $97,650 through Rural EcDev Program
- Sales at car dealers take lead in July economic growth
- Governments of Canada and Ontario invest $1.5M in international agri-food workers
- Port Colborne readies development charges hike
- Focus on Finance & Economy
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(From Left to Right): Michael Warchala, Acting Manager of Business Development at the City of Niagara Falls; Dan Bordenave, Chief Executive Officer of the Niagara Falls Innovation; Emma Eldon, Marketing and Communications Manager at the Niagara Falls Innovation Hub; Sam Oosterhoff, MPP for Niagara West; Steve Pinsonneault, Parliamentary Assistant to the Minister of Rural Affairs; Morgan Mattern, Director of Communications at the Office of the Minister of Rural Affairs; Fred Davies, Executive-in-Residence at the Niagara Falls Innovation Hub, and Marco Marino, Associate Director of Economic Development at the Regional Municipality of Niagara | Photo credit: Sam Oosterhoff
Niagara Falls Innovation Hub to receive $97,650 through Rural Economic Development Program
Today, Sam Oosterhoff, MPP for Niagara West, announced that the Niagara Falls Innovation Hub will receive up to $97,650 in funding through the latest intake of the Rural Economic Development Program. The Rural Economic Development Program supports projects that diversify and grow local economies, build community capacity and address barriers to economic development and labour force challenges.
Photo credit: Nomad_Soul / Adobe Stock
Sales at car dealers take lead in July economic growth
The retail trade sector (+1.0%) was the largest contributor to overall growth in July, Statistics Canada has recorded, recording a second consecutive increase and the sector’s largest monthly growth rate since January 2023. Most subsectors expanded in July 2024 with motor vehicles and parts dealers (+2.8%) contributing the most to growth, driven by higher retailing activity at new car dealers which more than offset the previous month’s decline. Overall, real gross domestic product (GDP) was up 0.2% in July, following essentially no change in June.
NC’s Vice President, International, Sean Coote and Associate Director, Economic Development & Planning, Lyndon William Ashton | Photo credit: Niagara College / supplied
Niagara College wins global award for applied research and innovation
Niagara College’s excellence in applied research and innovation has been recognized on the world stage. On September 25, the College received a silver award in the category of Applied Research and Innovation by the World Federation of Colleges and Polytechnics (WFCP)’s Awards of Excellence.
The Applied Research and Innovation Award Category honours an institution or institutional association that has demonstrated excellence in addressing real-world challenges through applied research. The award has three levels of accomplishment: gold, silver, and bronze.
Photo credit: @Nailotl / Adobe Stock
Photo credit: zephyr_p / Adobe Stock
Port Colborne readies development charges hike
On Tuesday, Port Colborne council held its statutory public meeting for its development charges study, which, when passed next month, will set the rates for the next 10 years.
Did you know?
Focus on Finance & Economy
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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.
