Looking for a place to park a share of $200 million


city_scope_logo-cmyk

Gary Goodyear, the minister of state for the federal economic development agency for southern Ontario, came to town Thursday dangling a $200 million carrot while serving up a bitter dose of reality.
“The industrial revolution’s over,” warned Goodyear. “This is the technology revolution. Manufacturing has to accept the fact that for them to remain competitive they have to use the lightest product.
“They have to use the fastest assembly line, they have to use the latest inventory software and all of these new technologies – many of which are developed here in Ontario – have to be purchased.”
Not only do businesses have to recalibrate, municipalities and their economic development corporations need to focus on the new reality.
Continue reading

Advertisements

11.2 per cent and rising


It’s Thanksgiving, but Londoners have no reason to be thankful for the latest job numbers.

Unemployment in the London-St. Thomas area edged up in September for the tenth straight month — to 11.2% from 11.1% — despite a surprising drop in both the national and provincial rates.

“London is threatening to become the land that recovery forgot,” said Douglas Porter, deputy chief economist for BMO Capital Markets and a London native and University of Western Ontario graduate.
Full story