Wit Ventures: County Loans $4.5 Million for Bio-Industrial Start-Up Fund.

Saturday, 11 March 2017

County Loans $4.5 Million for Bio-Industrial Start-Up Fund.

Photo by Zach Neal.

From Barbara Simpson, Sarnia Observer.

Southwestern Ontario could see at least $9 million be invested over the next few years into new start-up bioindustrial companies carrying job-creation hopes for a struggling regional economy.

Officials with Sarnia-based Bioindustrial Innovation Canada secured Thursday a $4.5-million loan from the County of Lambton to help create a $9-million pool – which includes federal dollars – to fund the creation of new bio-industrial technologies like the conversion of agricultural waste into industrial sugars to create “green” plastics and chemicals.

“I think there isn't anything more important for us right now, in Southwestern Ontario, in Sarnia-Lambton, than to be seen as a leader towards this new economy – a cleaner, a greener, and down the road, a sustainable economy,” Sarnia city/county Coun. Bev MacDougall said at Thursday's county council meeting.

Sarnia-Lambton leaders have been working for about a decade to diverse the largely petrochemical economy with the addition of bioindustrial plants.

Link to the rest here.

Additional coverage from Blackburn News.

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Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.