Precision Resource Canada invests $8M in Cambridge plant with support from province

An $8.2-million investment in a Cambridge automotive component manufacturer is creating 19 jobs while boosting production and expanding its range of products.

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Fineblanking is a precision metal cold-forming and stamping process used by Precision Resource Canada in the production of a variety of components.

The vast majority of its parts are destined for the automotive sector, used in seating and powertrain assemblies and for other hardware purposes such as latches.

The fineblanking process allows for extreme precision in the parts, down to dimensions as fine as one-fifth of the width of a human hair.

“Our tolerance is incredible,” noted general manager Ron Hunt.

Region needs to prepare for crisis of success, says urban expert Florida

Waterloo Region needs to start planning now for the negative impacts of an urban renaissance driven by an expanding technology sector, says renowned urban thinker and writer Richard Florida.

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The negatives include unaffordable housing, increased congestion and a nasty backlash from segments of the population that feel left out of a revitalized, urban-centred lifestyle, Florida said earlier this week at Canada Technology Triangle’s annual international reception and dinner.

Two Waterloo Region firms get provincial money for expansion

Two Waterloo Region manufacturers are getting provincial money to help them expand and invest in new equipment. Tri-Mach Group Inc. in Elmira is getting $344,000 from the Southwestern Ontario Development Fund while Demtool Inc. in Petersburg is getting $316,560, the Ontario government said Wednesday. 

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Tri-Mach, a manufacturer of sanitary equipment for the food and liquid processing, and pharmaceutical industries, is using the money to expand its plant on Donway Court and adopt automation technology.

Demtool is using the provincial money to expand and consolidate its facilities on Snyder’s Road. The company machines, fabricates and laser cuts components for the agricultural, automotive and food processing sectors

Velocity expands to become North America’s largest free startup incubator

“The University of Waterloo’s Velocity startup program will become North America’s largest free business incubator thanks to a new partnership with tech giant, Google, and the industry-led innovation centre, Communitech.  Velocity’s space in the Tannery will include space for science startups to commercialize research, a dedicated workshop for assembling hardware prototypes, and expanded facilities for startup mentorship.

           

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IEDC on Digital Economic Development Marketing

Almost every EDO now has an online presence, but getting the most out of your website requires a high degree of marketing savvy.

Marketing to international businesspeople must be highly strategic, according to presenter Robert Payne of the Georgia Department of Economic Development. With limited marketing budgets, organizations must take advantage of free tools and maximize partnerships with other organizations.

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For example, Canada’s Technology Triangle Inc. (CTT) in Southern Ontario pushes its content to organizations such as the Canadian Chambers of Commerce for exposure to Hong Kong and Taiwanese markets. CTT also contributes marketing materials to the Consider Canada Alliance, Canada’s FDI attraction body.

Ted Livingston co-founder and CEO of Kik Interactive

“University of Waterloo is the number 1 campus to recruit from globally”

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Over 100 new manufacturing jobs on the way for Waterloo Region – 570 NEWS

The positions are being created with help from the provincial government through its Southwestern Ontario Development Fund.

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Currently there are an estimated 2,000 jobs available in Waterloo Region in small to large companies and across all industry sectors.The manufacturing sector is aggressively adding to the demand for skilled workers in the region.

Students choose many of same top colleges

For instance, the top-ranked liberal-arts college in the U.S. News & World Report rankings – Williams College – ranked 21st in the Parchment rankings below Swarthmore (11th), Pomona (12th), and Bowdoin (13th). One university that cracks the top 10 in the Parchment rankings doesn’t even make it into the U.S. News rankings because it’s in Canada: the University of Waterloo in Ontario.

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Waterloo operates the largest co-op education program in the world, meaning almost half of its 30,000 students alternate between four-month periods on campus and in the workplace. Because of co-ops, Waterloo students are accustomed to toggling between long stretches in the classroom and the work world while constantly refining and reflecting on what they learned in both places.

A Four-Step Program for Entrepreneurial Success

Sharing entrepreneur success stories can spark insight and inspiration for founders in the startup community.

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Entrepreneurs who are changing the world come in all shapes and sizes, but the key tenets of entrepreneurial success are surprisingly consistent across all entrepreneurs: focus, tenacity, ecosystem of support, rapid iteration, learning from failure and making informed choices.

Waterloo firm Smarter Alloys’ technology makes smart materials even smarter

Any family with a child who has braces knows that frequent visits to the orthodontist for adjustments are part of the package.

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He returned to Waterloo Region last year, setting up shop in the Velocity Foundry in Kitchener before quickly outgrowing the space and moving to a facility on Bathurst Drive in Waterloo earlier this year.

The move back to the region — “a centre of excellence in manufacturing,” Kuntz said — is advantageous for several reasons.

For one thing, the company conducts some collaborative research and development projects with the University of Waterloo.

“Being close to those projects again was of paramount importance,” Kuntz said. “Being close to that talent is important as well.”