McKenna says the time is now to boost capacity and
create jobs addressing climate change and sustainability
OTTAWA, October 3, 2019 – Catherine McKenna, Liberal candidate in Ottawa Centre, today committed to work to secure federal support for the expansion of Bayview Yards, if re-elected. A proposed 6,400 square foot addition will provide an additional 87 seats for start-ups, including an increase in seating capacity for female-founded businesses and a 30% capacity improvement overall to support the overwhelming demand for business acceleration services.
McKenna will also put the knowledge and networks she’s gained as Minister of the Environment and Climate Change to work to support the growth of local companies in the clean technology space and promote Ottawa as a global hub for green innovation, if she wins re-election.
This work could include collaborating with Invest Ottawa, post-secondary institutions and the cleantech sector to develop strategies to better connect local stakeholders with the global cleantech ecosystem, realize export opportunities, attract foreign investors and promote Ottawa as a destination of choice for talent in fields such as engineering, computer science and finance.
“With several world-class universities and colleges, more than 65 federal research labs, some 240 cleantech companies and a city which is safe, affordable and welcoming, Ottawa is well placed to leverage the growing demand for clean technology – expected to exceed $2.5 trillion by 2022,” McKenna said.
Rockport Networks, Blu-Wave-ai, Equispheres and ChangePoint, all recently visited by McKenna, are examples of local innovative cleantech companies with the potential to create new high-quality jobs and contribute significant economic spin-offs for Ottawa’s economy, as well as have a positive environmental impact.
“A Liberal government will cut in half the corporate tax paid by companies that develop and manufacture zero-emissions technology,” said Chris Rodgers, the Liberal candidate in Carleton who accompanied McKenna at the announcement. “This platform commitment reflects the Liberal party’s ambitious goal of achieving net-zero emissions by 2050.”
“World-wide, venture capitalists, pension funds and energy firms recognize the significant opportunity the transition to a lower carbon future and sustainable economy present to virtually all industries, including transportation, construction, insurance and consumer goods,”
Chandra Arya, Liberal candidate in Nepean, who was also on the board of Invest Ottawa, said. “The national and global market opportunities for homegrown Ottawa innovation and manufacturing are greater than many realize.”
In April this year, Invest Ottawa received $16.8 million in federal funding to support start-ups and scale-ups alike to expand and create good local jobs. In 2016, the federal government made an $8 million investment in Bayview Yards for new programming and technology for the entrepreneurship hub.