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Briefing

Ontario reducing funding to Small Business Enterprise Centres

Small Business Enterprise Centres give entrepreneurs resources like consultants and guidance on permits to build their businesses. The cuts affect programming at the 47 centres across the province, including the Starter Company Plus program, which gives small businesses up to $5,000 in grants. The Summer Company program—which provides up to $3,000 in grants to high school, college and university students running summer businesses—will also have its funding cut. (Globe and Mail)

Briefing

Ontario reducing funding to Small Business Enterprise Centres

By Jessica Galang
May 22, 2019
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Small Business Enterprise Centres give entrepreneurs resources like consultants and guidance on permits to build their businesses. The cuts affect programming at the 47 centres across the province, including the Starter Company Plus program, which gives small businesses up to $5,000 in grants. The Summer Company program—which provides up to $3,000 in grants to high school, college and university students running summer businesses—will also have its funding cut. (Globe and Mail)

Talking point: This is the second provincial funding cut affecting the tech sector this week. On Tuesday, Ontario cut $24 million in funding for artificial intelligence research at the Vector Institute and the Canadian Institute for Advanced Research. The government has been cutting funding to incubators and accelerators throughout the month; in early May, The Logic reported that Communitech laid off 15 per cent of its staff in response to funding cuts, while The Globe and Mail reported that the Ontario Centres of Excellence would also be affected. During the Collision Conference in Toronto on Tuesday, tech entrepreneurs in the audience booed Premier Doug Ford in protest.

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