Monday, January 12, 2015

TAXPAYER GUARANTEED JOBS

Loans to Help Company Build Fuel-Efficient Transmissions in Ontario

3 comments:

  1. Why is the government in the "loan" business? Surely any business that is as sound as Linamar is touted to be should have no trouble securing loans from banks. I mean, interest rates are low, and banks are tripping over each other to lend money to low-risk clients. ;0

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  2. Wait a sec Jamie. The CBC supplied the best part! "The federal government said it will provide $50.7 million in a repayable loan to Linamar through its Automotive Innovation Fund, while the province has pledged up to $50.25 million to the company in a one-time grant." Ontario is GIVING the 50 million!!! http://www.cbc.ca/news/canada/kitchener-waterloo/guelph-s-linamar-plant-gets-funding-to-help-create-1-200-jobs-1.2897588

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  3. My wife and I want to develop these new varieties of grapes and fruit trees that will suck twice the amount of CO2 out of the air and we figure we would gladly donate 1 million to wynn and her crooks if they would just give us a 10 million grant.

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