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Government of Canada invests over CA $ 14 million to grow economy across Greater Toronto Area
The Greater Toronto Area ( GTA ) is a critical driver of the North
American economy . The Government of Canada recognised the vital importance of the region ’ s talent and businesses , which is why it has continued to make strategic investments to ensure its longterm economic and job growth .
Filomena Tassi , Minister responsible for the Federal Economic Development Agency for Southern Ontario , announced more
than CA $ 14 million towards the scale-up and growth of eight GTA-based companies : Able Innovations , BeWhere , BlueDot , Cognota , Earth Boring , Mero Technologies , Pentavere Research Group and Schlesinger Group . As a result of this investment , these companies will be able to grow digital and manufacturing solutions , move towards green operations , enhance data in healthcare settings and improve monitoring and tracking software , while also creating over 230 jobs across the GTA .
While in Toronto , Minister Tassi joined representatives at an event hosted by Cognota and Mero Technologies . Cognota is a Toronto-based software company that provides AI-enabled learning applications . The company ’ s LearnOps platform helps customers find new ways to manage strategy , intake , resources , processes and operational data in one place , in more efficient and low-cost ways .
Mero Technologies , a Toronto-based sensor and analytics company , offers smart cleaning solutions for commercial buildings to help measure building occupancy and cleanliness , helping tenants return to work safely .
Managing succession and labour shortages are top concerns of Middle East business leaders , survey finds
Middle Eastern organisations rate succession challenges and the ability to attract and retain top talent amid a tightening labour market as the biggest risks they face in 2023 , according to a new survey from Protiviti and NC State University . The report also reveals that senior decision-makers in the region remain concerned about broader macro risks , such as the softening economy and the state of global supply chains .
The 11th annual survey , titled Executive Perspectives on Top Risks for 2023 and 2032 , was conducted by global consulting firm , Protiviti and NC State University Poole College of Management ' s Enterprise Risk Management ( ERM ) Initiative . The study surveyed 1,304 board members and C-suite executives from organisations around the globe in various industries , asking them during September and October 2022 to rate 38 macroeconomic , strategic and operational risks for 2023 .
Globally , three of the top four risks highlighted by survey respondents for 2023 are related to talent , continuing a trend reported in last year ' s survey . Of the 38 risks included in the survey ,
the top five risks identified by global business leaders for the coming year are :
• Organisational succession challenges and ability to attract and retain top talent .
• Economic conditions ( including inflationary pressures ).
• Increased labour costs .
• Resistance to change in company culture .
• Uncertainty surrounding organisational core supply chains . x
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