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2021 Year In Review // York Region Economic Development

On behalf of York Region Economic Strategy, I am pleased to present the 2021 Economic
Development Year in Review. This is an overview of economic development activities undertaken this past year, highlights of business news from across the Region, and important economic indicators showing the strength and resilience of our business community in response to the COVID-19 pandemic.
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Oat Canada Products

Oat Canada and Roquette Receive $4.1M as Part of a Project to Improve Oat-Processing Capacity

Oat Canada received scale-up support through the York Region Food and Beverage Accelerator Program through York University’s YSpace. This investment will see the development of novel oat ingredients and nutritionally superior oat-based food and beverage products.
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York Region Invests $1.5M Into Canada’s Only Hardware-Focused Lab and Incubator, Aims to Attract Global Tech Firms

ventureLAB and the Regional Municipality of York have partnered to expand the Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies.
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Federal Government Announces New Targeted COVID-19 Business Support

The Government of Canada has confirmed that certain existing income and business support programs will end on October 23, 2021, as previously announced. This includes the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy.
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Supercluster Announcement

Digital Technology Supercluster Announces $20 Million Digital Wellness Project Featuring Tech From Richmond Hill Headquartered Wysdom AI

The platform is being developed in partnership with Lululemon, Wysdom.AI, Microsoft, Mitacs, and Queen’s University. Wellbeing.ai aims to leverage artificial intelligence-powered virtual agents or chatbots.
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people working at ySpace

York University’s YSpace Releases 2020-2021 Annual Report

It was a year unlike any other for Innovation York, the innovation office for York University with a mandate to facilitate and maximize the commercial, economic, and social impacts of research and innovation. Their 2020-2021 Annual Report has just been released and it outlines impressive successes, including supporting new ventures, launching new programs and more.
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Broadband332

Government of Canada Invests to Bring High-Speed Internet to 144 More Households in Markham and Stouffville

Helena Jaczek, Member of Parliament for Markham–Stouffville, on behalf of the Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, announced just under $125,000 in funding for Bell to bring high-speed Internet to rural residents of Lemonville and Locust Hill.
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Government Announces Extension of Canada Emergency Business Account to Help Small Businesses

The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Small Business, Export Promotion and International Trade, the Honourable Mary Ng, announced that the deadline for new Canada Emergency Business Account (CEBA) applications is being extended from March 31 to June 30, 2021.
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Success Story: Whole Family Health Food

Whole Family Health Food is a community-focused health food store in Georgina, Ontario, offering vitamins minerals, herbs, specialty, grocery, natural body care, and even a section for pets. Watch and learn how the York Small Business Enterprise Centre supported their…
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Government of Canada Invests in ventureLAB Expansion to Help Strengthen Canada’s Hardware and Semiconductor Sector

The Government of Canada announced an additional FedDev Ontario investment of $4.7 million for Markham’s own ventureLAB to enhance its Hardware Catalyst Initiative Lab with virtual access and greater testing capabilities.
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Image of Minister Ng on Zoom conference call

ventureLAB Receives $4.73M in FedDev Ontario Funding to Expand Canada’s First Hardware Lab and Incubator, Catapulting Canadian Tech Founders to the Global Stage

The FedDev Ontario non-repayable contribution of $4.73M will be injected to expand Canada’s first hardware and semiconductor-focused lab
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COVID-19

Highly Affected Sectors Credit Availability Program | COVID-19 Funding Spotlight

Qualified small to medium-sized Canadian businesses can receive from $25,000 to $1 million in HASCAP loans, and larger organizations with multiple locations such as a chain of restaurants or hotels can receive up to $6.25 million in funding support.
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Workers wearing PPE

Ontario Expands Eligibility for Main Street Relief Grant

The Ontario government is expanding the number of small businesses that can apply for the Main Street Relief Grant to help offset the costs of purchasing personal protective equipment (PPE) to cautiously and gradually reopen in parts of the province. Small businesses with 2 to 19 employees in all eligible sectors
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COVID-19

Ontario Small Business Support Grant | COVID-19 Funding Spotlight

The Ontario Small Business Support Grant will grant small businesses between $10,000-$20,000 to help cover decreased revenue expected as a result of the provincewide lockdown.
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