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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.

Sourced through Scoop.it from: www.therecord.com

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.

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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.

Sourced through Scoop.it from: www.therecord.com

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.

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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. 

Sourced through Scoop.it from: www.therecord.com

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

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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.

           

Sourced through Scoop.it from: www.exchangemagazine.com

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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.

Sourced through Scoop.it from: growthpartnership.wordpress.com

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.

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Ted Livingston co-founder and CEO of Kik Interactive

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

Sourced through Scoop.it from: www.exchangemagazine.com

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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.

Sourced through Scoop.it from: www.570news.com

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.