While the COVID-19 lockdown has quieted the usually bustling ByWard Market, according to Councillor Mathieu Fleury, that’s not the only reason.
“For an area like the ByWard Market that’s so iconic and so important for our local economy, it’s a worthwhile investment,” says Fleury.
In preparation to one-day welcome visitors back to the market, the Rideau-Vanier councillor says it’s a perfect opportunity to revamp the downtown hotspot.
“The best way the city can support it is in terms of beautification. In terms of renewal. In terms of having one look and feel in the public spaces. The sidewalks, the streets, the street furniture, the lighting, the benches, the trees,” says Fleury.
Council votes Wednesday on a $129 million proposal to revamp the ByWard Market, including the roads and sidewalks.
“When you look at that you say, ‘well, OK that’s a big number’, and it is,” says Fleury. “But it’s really like redoing two main streets. Elgin street was $60 million, so redoing two Elgin streets.”
Restaurateaur John Borsten also serves as a member of the ByWard Market BIA, and says there’s no place in Ottawa worthier of an investment.
“If your family comes to visit you, from Toronto or Montreal or wherever, you’re going to end up in the market,” says Borsten. “It’s just a whole neighbourhood of activity there. You’re connected to the canal, you’re connected to the Rideau Centre and Rideau Street. It’s really the crux of the city there.”
Although the COVID-19 pandemic brought new challenges, Bornsten tells CTV News Ottawa it also highlighted where the market needed to make improvements.
“The amount of support from all angles, from the little stores, to the restaurants. People want to tweak it and they have some issues with parts of it. But far and away it’s got full support, which you never see,” says Borsten.
Fleury maintains this heart of Ottawa is in dire need of a facelift. Council though will decide with a vote Wednesday.
“We really hope to see an entire district where there’s one common look and feel,” says Fleury. “It’s a welcoming space. All storefronts are occupied, and it’s friendly for everyone.”
Borsten adds, “I think it’s going to happen. It’s just a question of how quickly.”
BTV Visits Thriving Companies to Invest In – Investing News Network
On national TV Sat. Feb 27 & Sun. Feb 28, 2021 – From mining to cryptocurrency this episode of BTV-Business Television visits exciting companies for your investment portfolio including:Cannot view this video? Visit: Preview: YouTube BTV Live Premiere 1pm PST today + Meet the Hosts of BTVClick here to set a reminder! Discover Companies to Invest InBIGG Digital Assets Inc. – As cryptocurrency grows in popularity, BTV …
On national TV Sat. Feb 27 & Sun. Feb 28, 2021 – From mining to cryptocurrency this episode of BTV-Business Television visits exciting companies for your investment portfolio including:
Cannot view this video? Visit:
Sneak Preview: YouTube BTV Live Premiere 1pm PST today
+ Meet the Hosts of BTV
Click here to set a reminder!
Discover Companies to Invest In
BIGG Digital Assets Inc. (CSE: BIGG) (OTCQB: BBKCF) – As cryptocurrency grows in popularity, BTV finds a company dedicated to creating a safer, more accessible crypto environment. Adelaide Capital’s Victoria Rutherford weighs in.
Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) – BTV discovers how this junior resource company is fast tracking its historic gold mine in B.C. towards production.
Blockchain Foundry Inc. (CSE: BCFN) – A company at the forefront of blockchain technology development. BTV learns about Syscoin, their blockchain protocol.
Moneta Porcupine Mines Inc. (TSX: ME) – Their recent acquisition increased their land position to create one of the largest undeveloped gold projects in North America.
Sernova Corp. (TSXV: SVA) (OTCQB: SEOVF) – A regenerative medicine therapeutics company with a new approach to treating chronic diseases including Type 1 Diabetes.
Monarch Mining Corporation (TSX: GBAR) – BTV visits this gold focused company with plans to restart the Beaufor Mine in Quebec’s prolific Abitibi Greenstone Belt.
On air for over 20 years, BTV – Business Television, a half-hour investment TV show, features analysts and emerging companies on location. With Hosts, Taylor Thoen and Jessica Katrichak, BTV brings viewers investment opportunities.
TV BROADCAST NETWORKS and TIMES:
BNN Bloomberg – Saturday Feb 27 @ 8:00pm EST, Sunday Feb 28 @ 4:30pm EST
Bell Express Vu – Saturday Feb 27 @ 8:00pm EST, Sunday Feb 28 @ 4:30pm EST
US National TV:
Biz Television Network – Sun Mar 7 @ 8:30am EST
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75445
News Provided by Newsfile via QuoteMedia
Temasek Makes Rare Seed Investment in Plant-Based Chicken Maker – BNN
(Bloomberg) — Plant-based chicken maker Next Gen Foods has closed a $10 million seed round co-led by Temasek International, a rare early-stage bet by Singapore’s state-owned investor.
The funding round was also backed by family office K3 Ventures, the Economic Development Board of Singapore’s New Ventures unit and NX-Food, a startup hub owned by Germany’s Metro AG. The investors will help fund a regional expansion as Next Gen prepares to start selling to Singapore restaurants from March 18.
The deal is a sign that Temasek, which manages S$306 billion ($232 billion) and also backs plant-based beef rival Impossible Foods, is ramping up deals in the alternative protein space as Singapore attempts to secure 30% of its food locally by 2030. While the firm’s subsidiaries like Vertex Venture Holdings have previously invested in seed funding rounds, the parent company has traditionally backed more mature businesses at the Series A level and beyond.
Next Gen was co-founded by Timo Recker, whose family has long worked in pork production. He wanted to move away from meats and in 2013 used his industrial know-how and some family capital to launch LikeMeat, which sells currywursts, schnitzels and other products made of soy and peas.
Recker sold control of that business last year and launched Next Gen in Singapore. It uses suppliers in the Netherlands to produce soy-based chicken pieces with “lipi,” a trademarked mix of plant-based ingredients it says imparts a chicken-like taste in the same way heme boosts the realism of Impossible Foods’ fake-beef burgers. The product will be sold under the brand name Tindle.
But where Impossible Foods’ heme features genetically engineered soy – forcing it to gain regulatory approval before entering some markets – Next Gen uses natural ingredients. For K3 Ventures Chief Executive Officer Meng Xiong Kuok, that was an important factor in making the investment.
“Building up their capabilities based on non-GMO soybeans helps guarantee and set the foundations for their potential entry into the China market,” he said.
Singapore is positioning itself as a global hub for alternative protein development and production. It recently became the first country to approve the sale of cell-based chicken via Eat Just Inc. and is home to Shiok Meats – a producer of lab-grown prawn meat.
The backing of institutional investors won’t guarantee success, with startups and conglomerates around the world working on plant-based meat products. The segment is expected by UBS Group AG to be worth more than $51 billion by 2025, or about 2.5% of the overall meat market.
Next Gen outsources the manufacturing of its products and will initially sell through restaurants instead of direct to consumers. To prevent partners from replicating their recipe, contractors produce different components before it’s assembled into the final product. Its Netherlands-based partner can produce 5,000 tons annually, enough for 9,000 restaurants, and Recker predicts this capacity will be enough to last two to three years.
“We’re building now our teams and will then scale the brand globally,” he said. “We want to become the undisputed leader for plant-based chicken.”
©2021 Bloomberg L.P.
Newfoundland and Labrador ranks top 10 globally in mining investment attractiveness, policy perception – TheChronicleHerald.ca
ST. JOHN’S, N.L. —
Newfoundland and Labrador is good as gold, according to a global mining industry survey.
The Fraser Institute’s 2020 survey of mining and exploration companies placed Newfoundland and Labrador in the top 10 jurisdictions for both investment attractiveness and policy.
The survey ranked 77 places, including several North American states, provinces and territories. Newfoundland and Labrador placed eighth in both categories.
Saskatchewan was the only other province to make the top 10, placing third in investment attractiveness and ninth in policy perception. Nova Scotia meanwhile ranked among the bottom 10 in the investment category and 24th for mining-friendly policy.
Jairo Yunis, a policy analyst with the Fraser Institute who co-authored a report based on the survey results, said the most attractive jurisdictions for investment tend to match their mineral potential with a competitive policy environment.
“However, Newfoundland’s improvement from (2019), when it ranked 28th in terms of overall investment attractiveness, was largely driven by improved perceptions by investors on its mineral potential,” he said. “When considering mineral potential alone, the province went from ranking 50th in 2019 to 11th in 2020, with no changes in its policy ranking.”
Last year, the provincial Department of Industry, Energy and Technology processed 389 mineral exploration applications, more than in any of the previous five years. Expenditures for mineral exploration in 2020 were also up, climbing from $50 million in 2019 to $61 million last year.
Ed Moriarity, executive director of Mining Industry NL, said a combination of good people, solid infrastructure and strong geology and geoscience has placed the province in a position to succeed when it comes to this sector. He added the exploration and mining operations in Newfoundland and Labrador are quite diverse. In turn, this diversity helps attract further investment.
Saskatchewan 3rd most attractive jurisdiction worldwide for mining investment, Quebec and Newfoundland and Labrador also in global top 10.
— The Fraser Institute (@FraserInstitute) February 23, 2021
“You see (the survey) every year, and Newfoundland and Labrador will vary from year to year, but I was quite pleased to see it in the top 10 again,” Moriarity said. “We want to see us in the top three, or as we like to say, the best place in the world in which to explore and develop a mine.”
Moriarity said a favourable commodity market for gold has certainly helped Newfoundland and Labrador.
“The number of companies that are active in the province compared to year over year is also a factor in terms of that general awareness,” he added, noting there’s been a lot of work happening over the years to promote Newfoundland and Labrador’s mineral potential. In the last couple of years, he’s noticed an uptick in the frequency of news releases touting the achievements of projects in the province.
Moriarity sees another trend emerging that Newfoundland and Labrador is well-positioned to act on — green and low-carbon minerals are abundant in the province, including copper, nickel and cobalt.
“We have the potential here to realize that phase of development,” Moriarity said. “I think fundamentally as the world shifts in that direction, jurisdictions that are safe harbours, good legal and regulatory framework, that have a strong professional work force to avail of, that have the supply and service sector necessary to support it, all these factors are put into the risk equation for companies. And on the bottom line is the quality and quantity of the mineral occurrences and prospectivity you have in the province. That, I think, is always going to be a fundamental benefit for Newfoundland and Labrador as we move forward and capture these new opportunities and get our attention and direction focused there.”
Yunis cautioned the survey did identify some areas where the provincial sector could potentially improve in performance, noting 26 per cent of respondents indicated infrastructure was a factor deterring investment in Newfoundland and Labrador.
He said there is also a sense of uncertainty with respect to all Canadian provinces and territories when it comes to protected areas and land claim disputes.
Andrew Robinson is a business reporter in St. John’s. [email protected] | Twitter: @CBNAndrew
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