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Hamilton Economic Development

Hamilton Highlights Newsletter – October 2015

In the October 2015 edition of Hamilton Highlights…

  • Multi-Million Dollar Grain Terminal
  • Innovation Night will showcase pitches by local entrepreneurs
  • Sniper Skin Takes Lion’s Lair
  • iON Hamilton

Click here to read the October 2015 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

Young Hamilton entrepreneurs to see boost through program expansion

More young Hamilton entrepreneurs will be able to receive help launching their small businesses through the expansion of a provincial program that provides training, mentorship and startup funding to youth.

The province is providing thPhoto of Sarah Bethune, Ballroom dancing studio owner who used the Starter Company programe city with $350,000 in additional funding for Starter Company — a key part of its youth jobs strategy — announced at the one-year celebration of the program’s Hamilton launch on Thursday.

“With such high youth unemployment, a lot of youth do try to start businesses,” said Rob Belchior, business development officer at the Small Business Enterprise Centre, noting Ontario’s youth unemployment rate hovers around 15 per cent. “But like anybody else starting a business, it’s really hard.”

With the new funding, up to 70 Hamilton youth aged 18 to 29 whose full-time business are less than a year old or who want to get one started can apply for a $5,000 grant. They can also receive mentorship from local business leaders and advice through the Small Business Enterprise Centre.

To date, approximately $135,000 has been given to Hamilton entrepreneurs through the program.

Young entrepreneurs can apply for funding through the SBEC until March 31, 2017. Recipients must be able to contribute at least 25 per cent of the grant amount, according to the province’s website.

So far, 28 grants have been handed out to young Hamilton business owners, whose companies range from bubble soccer rentals — the soccer players wear large, plastic bubbles — to commercial cleaning operations, to a public relations agency.

Training and business skills development — around business planning, marketing, financial forecasting, legal issues and taxation — has also been offered to 112 aspiring young business owners to help them get started.

“If we can help as many businesses as possible to succeed, they create a job for themselves, and a lot of them actually end up hiring people as they grow,” Belchior said.

Ballroom dancing studio owner Sarah Bethune used the Starter Company program when launching her business, Stepping Out Dance Company, which opened last October.

Her first year has been a “dream come true,” she said at Thursday’s celebration.

Before launching her business, networking and public speaking were two of her biggest challenges, she said.

“With the help of Starter Company and the Small Business Enterprise Centre, I was able to find my confidence, learn new skills and conquer my fears.”

Across Ontario, more than 2,000 young entrepreneurs have used the Starter Company program since it launched in the fall of 2013.

Article courtesy of Natalie Paddon, The Hamilton Spectator

ACI Air Cargo Inc. Named as Operator of Hamilton International’s Common-Use Air Cargo Centre

Hamilton, ON – (October 6, 2015)

Today John C. Munro Hamilton International Airport announced ACI Air Cargo Inc. (ACI) will operate the common-use half of its $12 million Air Cargo Centre.

“We’re very excited to announce ACI as operator of Hamilton International Airport’s Cargo Centre,” said Frank Scremin, President and CEO, John C. Munro Hamilton International Airport. “We believe this strategic partnership with ACI will further enhance Hamilton International’s dominant position in the Canadian air cargo market; we look forward to working together to grow air cargo activity and services at Hamilton.”

ACI Air Cargo Inc. will be responsible for all cargo handling services within the common use section of the Air Cargo Centre including bonded, e-commerce and temperature controlled air cargo handling, cross docking and end of runway cargo services which allows companies to move critical items in time-sensitive situations.

“We are pleased to be selected as operator for the Cargo Centre and eager to utilize this first-class facility and ideal location to offer unique logistics solutions to the express air cargo industry,” said Robert Thorndyke, President, ACI Air Cargo Inc. “We believe the combined strengths of Hamilton International Airport and ACI will result in enhanced and increased air cargo options for the marketplace.”

Hamilton International Airport’s Air Cargo Centre was funded through a joint partnership between the federal and Ontario governments, and TradePort International Corporation, with support from Hamilton’s municipal government.

In March 2014, Cargojet Airways was announced as anchor tenant for the Air Cargo Centre, occupying approximately half of the 77,000 square foot Facility.  ACI will operate the second half of the Facility under a common-use model.

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About Air Cargo Inc.
ACI Air Cargo Inc. is a third party logistics provider specializing in air freight.  ACI Air Cargo Inc. operates dual bonded facilities at both Toronto Pearson International Airport and Montreal-Pierre Elliott Trudeau International Airport, moving thousands of tonnes of goods between some of the busiest ports in Canada and the United States.
www.aircargoinc.ca

About John C. Munro Hamilton International Airport
John C. Munro Hamilton International Airport is a growing passenger airport and the largest overnight express freight Airport in Canada. Its strategic location and uncongested 24/7 operations make it an attractive option for both passenger and cargo carriers looking to serve the Southern Ontario market. The Airport’s tie to Vantage Airport Group – an industry leading investor, developer and manager of airport assets – allows Hamilton International to incorporate best-in-class practices from around the world into its operations.
www.flyhamilton.ca

Media Contact
Lauren Yaksich
Director, Marketing & Communications
media@flyhamilton.ca

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