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Author: admin | Category: Loan Calculator Canada | Date: 25.07.2014

Situated in the Ministry of Economic Development, Trade and Employment, the OSE is helping to deliver the Ontario government’s social enterprise agenda by coordinating existing activities across several provincial ministries and agencies. The OSE is also leading the creation and implementation of new programs and policies to support Ontario social entrepreneurs as they start-up and grow their ventures. In Impact, the government outlines ways it will support social enterprise in Ontario over the next three years. Pillar 1, Connecting, Coordinating, Communicating, will see the OSE playing a catalytic role by bringing the public, private and not-for-profit sectors together. Pillar 2, Building the Social Enterprise Brand, is about increasing the awareness of Ontario social enterprises both nationally and internationally, which includes developing a focused Web portal for social entrepreneurs. Pillar 3, Creating a vibrant social finance marketplace, involves working to establish Ontario as a leading, global social finance hub and magnet for impact investment. Pillar 4, Delivering service, support and solutions, focuses on how the government will sponsor innovative solutions to complex societal problems, including piloting new strategic social procurement approaches, as well as providing focused support for youth and Aboriginal social entrepreneurs. The report highlights the outcomes and key deliverables that have been achieved, including the Social Enterprise Demonstration Fund, which enables 11 non-profit intermediaries to provide support and funding to social enterprises across the province. Learn more about the progress Ontario has made in supporting social enterprise across the province. Infrastructure Ontario: The Ontario Loan Program provides long-term financing to renew infrastructure in social enterprises. MaRS Solutions Lab: This collaborative space enables teams to examine complex problems, explore new ideas and develop solutions.
Ontario Trillium Foundation’s Future Fund: The Ontario Trillium Foundation distributes grants to charities and not-for-profit organizations via three programs, including the Future Fund.
Want to receive social enterprise news directly to your mailbox and keep up to date on this exciting and evolving space? Government documents can often make dull reading, couched in the near-impenetrable bureaucratese in which public servants specialize. In simple, blunt terms, LeClair explained that the Liberals’ plan to sell off 60% of Hydro One, the provincial power distributor, will cost far more than it brings in. If Toronto people wanted more transportation infrastructure, then Toronto Hydro should have been sold, but that would have cost the present government plenty of votes.
Fraudulent practices of the wind energy industry are increasingly evident in Ontario and globally.
Investors are advised to be aware if they hold investments in wind energy companies profiting from wind energy fraudulence. CIBC, TD Bank, and other big, international financial institutions are invested in wind energy developers.
Ask the Ontario Provincial Police how you can protect yourself and your family from white collar fraud in Ontario. Canadian banks are also invested in Canadian oil and look what happened on Friday when Keystone XL was finished-off. September 2010 Ottawa meeting of Rick Smith and Marlo Raynolds with Pelosi and now Senator Ed. Tar Sands campaign launched by the Rockefeller Brothers Fund and the Tides Foundation in 2008. This a strategy report for dealing with parties who oppose the Tar Sands and has names in this report.
Greenpeace has been involved in renewable energy issues in Ontario and Canadian oil issues.
Extracts of portions of diplomatic cable about the Copenhagen Conference and the position of Quebec.
Ontario’s vaunted public-private innovation hub is on the verge of defaulting on a $234-million provincial government loan, according to cabinet documents released by the opposition Progressive Conservatives Thursday.
MaRS, which first opened on University Avenue just south of College in 2005, has been unable to find tenants for an adjacent tower it later built on government credit.

To prevent a default, the provincial government is now prepared to swallow that loan, while spending another $65-million to buy the building outright, plus millions more to turn most of its barren concrete interior into government offices, the documents suggest. That briefing, along with a longer report prepared for the Treasury Board, were leaked to outgoing Conservative MPP Frank Klees. The PCs have styled the proposal a “$317-million bailout,” while Premier Kathleen Wynne called it “a real estate deal” that would allow the government consolidate its offices in Toronto and help MaRS “move to phase two” of its development. On the outside, the building is a striking glass Jenga tower of jutting angles and uneven stories.
According to government documents, just 27% of the building — which stretches to 20 floors — is currently in use. MaRS, a federal charity much praised for its mix of business acumen and hard science, finished the first phase of its institute in 2005. Construction began again in 2011 when the provincial government, through Infrastructure Ontario, offered MaRS a $224-million loan. By the time work on the tower finished in early 2014, though, few tenants had been secured. By this spring, with little rental revenue coming in, MaRS was unable make its payments on the Infrastructure Ontario loan, according to the documents. Should the deal go through — a closing date in July is cited in the documents, though Wynne insists nothing has been signed — the tower would retain the MaRS brand. TORONTO -- Ontario's Liberal government changed infrastructure loan criteria so a research real estate project could qualify for a loan -- which it ultimately received to the tune of $224 million and has not been able to repay, a legislative committee heard Wednesday.
Opposition parties have been pressing Infrastructure Minister Brad Duguid for more details on the loan as well as $65 million the government paid to buy out an American real estate company involved in the MaRS project.
The loan to build a second tower came from an Infrastructure Ontario program previously only available to municipalities, but Duguid said that in 2010, the regulations were changed. MaRS and the developer have been unable to repay the loan and the province is now paying interest of up to $7.1 million a year on it until an agreement on the future of the new tower is finalized.
The opposition parties have asked to see documentation, such as a business case, supporting why the loan was made, and are accusing the government of stonewalling. Duguid said if that kind of paperwork exists he will try to release it, but not if it contains commercially sensitive information.
New Democrat Percy Hatfield said the Liberal government boasts about openness and transparency, but when the committee and the media ask for information that should be open and transparent it's not there.
Progressive Conservative Ted Arnott said there are many unanswered questions surrounding MaRS and accused Duguid of being evasive. An expert panel is looking at MaRS and will recommend whether or not the government should fill up part of the nearly empty office tower with civil servants instead of the medical researchers for which it was designed. Nixon wouldn't comment on the original loan, or whether MaRS itself could provide the documentation the opposition parties seek. The Ontario government changed infrastructure loan criteria so a research real estate project could qualify for a loan. Ontario is  investing up to $100 million in cap and trade proceeds over four years to support the introduction of renewable natural gas.
Natural gas will not banned, but will be sourced increasingly from cleaner supplies and will continue to play a critical role in Ontario’s energy supply mix for transportation and heating buildings. Ontario committed to creating a $200 million Natural Gas Access Loan and a $30 million Natural Gas Economic Development Grant to help more communities that previously lacked the necessary infrastructure to switch to a cheaper, cleaner fuel source that will help residential and industry consumers reduce their energy bill.
Through the Climate Change Action Plan, which will be released this spring, Ontario will encourage the use of cleaner, renewable natural gas in industrial, transportation and buildings sectors, the province’s biggest sources of greenhouse gas emissions. Methane that is released from sources such as landfills, municipal green bin collection, agricultural residues, livestock manure, food and beverage manufacturing waste, sewage treatment plants and forestry waste can be recovered, cleaned and can be directly substituted for conventional natural gas. Ontario is well-placed to be a leader in the next generation of clean technology solutions.
The Government also engaged Helen Burstyn, former Chair of the Ontario Trillium Foundation, to serve as a Special Advisor, in connection with the new Office.

This will include a global-scale impact investing conference in early 2014, and work across government to make new social finance tools available, including crowdfunding and a new Social Enterprise Demonstration Fund. The multiyear strategic plan was launched with the long-term goal of making Ontario the best place in North America to start, grow and invest in social enterprises. It aims to grow entrepreneurship across the province, with an increasing focus on social entrepreneurship. These include community health and social services hubs, Aboriginal health access centres and not-for-profit (NFP) sports and recreation organizations. The SEontario website is a community-driven showcase of social enterprise (SE) and the social economy in Ontario. Thursday’s report by independent budget watchdog Stephen LeClair was a welcome exception – welcome to everyone except Premier Kathleen Wynne’s government, that is. While it may provide a short-term benefit to the government by helping it balance the budget in time for the next election, the gains will be brief while the costs run on indefinitely.
The province’s net debt would initially be reduced, but will eventually be higher than it would have been without the sale,” LeClair says.
The province would get a better deal if it simply borrowed the money rather than selling off an asset to produces a dividend for taxpayers of $750 million a year. Facts reveal that the same policies that increase electricity costs are harming people and the environment.
Turnbull was Vice-chair of the Democratic National Committee 2005-2009 and member 1992-2011. But lost in the furor was how MaRS came to own the tower at the corner of College and University in the first place. From a side staircase Thursday, floor after floor of undeveloped concrete was visible through the windows.
It stopped work on phase two, the 780,000 square foot glass tower, in 2008 when demand for commercial real estate in the city cratered. Of those that had, the two largest, Public Health Ontario and The Ontario Institute for Cancer Research, were both, like the building itself, fully funded by the province.
To prevent a messy and publicly embarrassing default, the government entered negotiations to buy the building from MaRS and Alexandria Real Estate, the American company responsible for the building — and to this point marketing — of the tower. But the large majority of its offices would be occupied, not by private sector innovators, but provincial government employees.
The province’s investment will help reduce greenhouse gas emissions and help offset the cost to consumers of introducing renewable natural gas, the government said in a statement. In just 10 years, the province has become a North American leader in developing, using and manufacturing clean energy.
The Progress Report, “Making and Impact – Ontario’s Social Enterprise Progress Report”, provides updates on activity to date relating to the 2013 Strategy. SiG works closely with MaRS, an innovation centre in Toronto, to host workshops, courses and events that aim to promote social entrepreneurship. With a platform created by a collaboration of regional, provincial and national nonprofit organizations, SEontario demonstrates the geographic scope and community impact of SE across the province. Its availability here constitutes a "fair use" as provided for in section 29 of the Canadian Copyright Law as well as in similar "fair dealing" exceptions of the copyright laws of other nations, as part of Ontario Wind Resistance's noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a provincial and global audience seeking such information. Above the sixth story, the building seemed almost deserted, barring the occasional construction worker. It is fully interchangeable with conventional natural gas and uses the same infrastructure. With a showcase of examples of social enterprise work and a geo-mapped searchable database to explore various types of SE in different regions, it connects to a wide range of resources, marketplaces and events, and provides regional, francophone and co-operative supports.

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