Crowdfunding

Crowdfunding

Raising funds for your business can be a challenge. Crowdfunding — collecting financial contributions from many strangers not usually connected to the financial sector — represents an alternative to traditional forms of financing your business dream.

Crowdfunding is usually done over the Internet, for a fee, through crowdfunding platforms and funding portals. Participating in online communities dedicated to this type of fundraising can help you collect donations, offer rewards and take pre-orders. Equity crowdfunding is being considered by some provincial and territorial securities regulators, and could become an option in some regions. Stay informed about what you can and can't do.

Continue reading

Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds

Ford assembly plant to receive $135 million in government funds.Ontario and the Canadian government will contribute $135 million to Ford Motor Co. for expansion of its Oakville, Ont., assembly plant.

 

The Toronto Globe and Mail reports that the money is intended to secure the jobs of 3,000 employees at the Oakville facility.
 

Ford will spend between $675 million and $725 million to retool the plant, which assembles mid-sized utility vehicles.

 

The government contributions were arranged after two years of negotiations.