The Innovation Economy – Toronto/Waterloo

According to Paul Wells, Paul Martin becomes the first party leader to make any kind of announcement on the innovation economy.

The Liberal government will support the creation of large-scale integrated facilities that bring together university and private sector researchers to accelerate the commercialization of university-based discoveries. Prime Minister Martin unveiled $180 million in new support for four advanced research and development initiatives:

*the National Institute for Convergent Technologies to be established in Markham;

*the National Centre for Biomedical Innovation, associated with the MaRS discovery district in downtown Toronto;

*the Perimeter Institute for Theoretical Physics in Waterloo; and

*the University of Waterloo’s Institute for Quantum Computing (IQC).

Phew. Lucky for us, there must be no such thing as an ‘innovation economy’ outside of the Toronto-Waterloo area of Ontario.

Geez. Is that politics at its best, or what?

So, out of curiosity, I looked at the new Red Book for hints about their Atl. Canada strategy for economic development (if we have ceded the innovation economy to Toronto/Waterloo).

So, here goes from the Securing Canada’s Success document that will convince us not to vote for Hitler:

  • The Paul Martin government has committed more than $1.3 billion over the next
    five years to strengthen support for innovation and local economic development through the regional development agencies (ACOA,CED-Q,FedNor, and WD) and the National Research Council.

Wait a minute, that seems about the same amount they committed over the past five years. Toronto/Waterloo and the Innovation economy get new money and we get the same?

  • A Liberal government’s approach to regional innovation and economic
    development extends well beyond this substantial investment in the regional
    development agencies. Liberal programs to support infrastructure; to assist small
    businesses; to fund environmental clean-up; and the on-going activities of the
    Department of National Defence and of departments such as Agriculture and
    Agri-Food Canada, Fisheries and Oceans Canada, and Natural Resources
    Canada, among others, all contribute to regional development.

Didn’t the Libs cut thousands of jobs out of those departments in the 1990s and then hire thousands more in Ottawa-Hull in the late 1990s and early 2000s? Hmm…

That’s about it, folks.

To sum up.

The Liberal promise to put thousands of government jobs in Canada’s regions – nowhere to be seen.

No new money for economic development in Atlantic Canada.

Not even a hint at supporting the attraction of industry to the region.

The big new ‘innovation economy’ money to be spent in a two hour radius of Toronto.

Lot’s of talk about small business, however. Guess there must be more votes there.

Anybody think if the Libs get back in New Brunswick’s economic fortunes will improve?

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0 Responses to The Innovation Economy – Toronto/Waterloo

  1. scott says:

    Looks like they’re up to their old tricks of giving out new “old” money. A trick that was mastered by Chretien after 1995.

  2. Anonymous says:

    Just to get into that, it seems clear that we’ve ‘progressed’ back to the thirties, all that’s left is privatized power, and Irving is working on that.

    Virtually ALL of those ‘institutes’ are ‘private companies’. The feds put ‘some’ money into RIM, meaning into a ‘product’, then when that pays off, the multi millionaire who owns RIM builds a couple of ‘research centres’ which again get money from government. These institute are not really ‘public’ like universities, meaning that there is no way for the people who pony up the dough to make a claim for anything that comes out of it. Thats the way of the world now it seems, at least in Canada.

    In New Brunswick we have a perfect example of that in Irvings, McCains, and Ganongs. In fact per capita New Brunswick has far more ‘big money’ than any other province I’d wager. Yet what do we get? A beach in Belledune and a park in Saint John so Irving can keep saying how much they love us while getting hundreds of millions and wiping out the forests.

    McCains and Ganong are known to give some money to the arts, but not much. Rogers can’t even do new programs because they can’t even find sponsors for the shows they have. So when the feds look this way what do they see? A few money pigs who take the money and run. All those centres in Ontario were paid for by municipal and provincial money as well as the private sector. As mentioned before, the province itself doesn’t even invest ANY of its pension fund here. So should we REALLY be surprised?

    This certainly doesn’t excuse the feds, but they also know full well that a good percentage of New Brunswicers absolutely despise ACOA-so if you’ve got a province where people hate the organization which distributes money, the wealthiest people don’t even put a basic investment back into it for the people, and doesn’t even have a lobby group, well, it really isn’t THAT surprising.

  3. scott says:

    The big new ‘innovation economy’ money to be spent in a two hour radius of Toronto.

    That’s because the libs are used to making their big policy announcements off the back of a napkin.

    Not only that, they tend to reward only a small few of their money donors(i.e. HRDC, Ad Scam and Income trust). Therefore, everybody else(non-partisans in New Brunswick who have viable and innovative business ideas) can go to hell.

    Sick and tired

  4. Anonymous says:

    Keep in mind the Liberals DO send money this way to BIG supporters-unfortunately they are Irvings. Remember the $50 milllion ‘just because your Irving’ money for the already dismantled shipyard ‘no strings attached’. So money DOES come here, it just goes into a cheap billionaire’s pocket.