Ottawa trims red tape for new industrial grants
The government replaces the Area Development Agency with a streamlined incentive program for manufacturing grants. Applicants must submit standard commercial information, expect about 10 days for decisions, and provide at least 20 percent equity. The program covers 80 percent of incentives at start of production, with 20 percent staged over 3 years for new plants or 2 years for expansions, and remains open for two months. An insurance mechanism may reclaim part of the investment if projects fail, and eligibility excludes consumer services and several other sectors. See RED, page two.
MENTIONED IN THIS ARTICLE
Ottawa
Area Development Agency
ADA
Marchand
Designated Area boosts Owen Sound economy and jobs
Bill Dane of the Owen Sound Sun-Times notes that Owen Sound became a designated area in late 1965 with state support lasting to March 1968. The program spurred industry growth, raising city tax revenue by about 650000 annually and balancing industrial and residential assessments at roughly fifty fifty.
MENTIONED IN THIS ARTICLE
Georgian Bay
Ontario
Owen Sound
Bill Dane
Dane
Ottawa expands regions for industrial incentives plan
Ottawa unveils a broad new regional program offering up to 12 million dollars in federal incentives for new plants in designated areas across Atlantic to Pacific. Up to 25 percent of capital costs plus 5000 per job created, with caps for expansions. Regions exclude Newfoundland Labrador and major cities like Montreal and Ottawa. Ends next year with reviews in 1972.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Atlantic Provinces
British Columbia
Jean Marchand
Maritime
Newfoundland
Labrador
Quebec
St. Lawrence North Shore
Gaspe
Quebec City
Trois-Rivieres
Sherbrooke
Rouyn- Noranda
Chibougamau
Montreal
Ontario
North Bay
Sudbury
Kapuskasing
Lakehead
Kenora
Red Lake
Manitoba
Lake Winnipeg
Winnipegosis
Saskatchewan
Humboldt, Melfort
Tisdale
Estevan
Weyburn
Moose Jaw
Swift Current
Alberta
Medicine Hat
Lethbridge
Drumheller
Soviets launch unmanned moon ship Zond VII from Earth orbit
Moscow reports Zond VII blasted from earth orbit by a powerful carrier rocket and headed to the moon to study the moon and near lunar space. Tass noted improved onboard systems and rocket design for future manned flights, with no confirmation of a soft landing.
MENTIONED IN THIS ARTICLE
Moscow
U.S
Soviet Union
Earth
Tass
United States
Agen
Zond VII
Russia
Moon
Sys
Georgy Bergeovoi
West
Venus
Mars
Israel strikes hit Jordan for third straight day
AP reports Israeli planes attacked sites in Jordan for a third day after guerrilla claims 60 Israelis were killed in raids on settlements and outposts in the northern Jordan River Valley. Seoul toll from rainstorms rises with 141 dead, 29 missing, 109 injured. British soldiers repulse mock assault on Gibraltar during a landing techniques exercise.
MENTIONED IN THIS ARTICLE
Associated Press
Jordan
Arab Guerrilla Command
Jordan River Valley
Seoul
South Korea
National Disaster Relief Centre
Gibraltar
Reuters
Rock of
Northern Alberta cries blues over aid plan omission
Alberta minister A O Fimrite said he will seek inclusion of northern Alberta in the federal business incentives plan. He criticized the Ottawa proposal for excluding the northern half while naming southern centres like Lethbridge Medicine Hat and Drumheller. He plans to contact federal minister Jean Marchand and pursue provincial action to expand Alberta aid despite opposition from MP Marcel Lambert who noted much aid lands in Bud Olson's Medicine Hat constituency.
MENTIONED IN THIS ARTICLE
Edmonton
A. O. Fimrite
Alberta
Ottawa
Lethbridge
Medicine Hat
Drumheller
Fimrite
Spirit River
Jean Marchand
Marcel Lambert
Edmonton West
H. A
Bud) Olson
Lambert
Kennedy to testify at inquest into Chappaquiddick crash
District Attorney Edmund Dinis says Senator Edward M. Kennedy will be called as a witness in the inquest into the July 18 auto accident on Chappaquiddick Island that killed Mary Jo Kopechne, with plans to begin within a week to 10 days and more than 20 witnesses likely. Kennedy has canceled a European trip to stay available, while Gargan disputes claims he drove the car, and some officials doubt the inquest will open before after Labor Day.
MENTIONED IN THIS ARTICLE
New Bedford
Mass
Edmund Dinis
Edward M. Kennedy
Dinis
Kennedy
Chappaquiddick Island
Mary Jo Kopechne
Washington
Jack Anderson
Joseph Gargan
Anderson
Gargan
Edgartown Police
Drew Pearson
Washington Post
Medicine Hat gains designated region status under new act
City officials welcomed Thursday night’s announcement that Medicine Hat is designated under the Regional Development Incentives Act. Mayor Harry Weiner praised minister Bud Olson and voiced hopes for new industry and equal treatment with other regions. Alderman Hugh Belsher noted the change could attract investment. a full-time economic development director will be reviewed in October. Rod Ashburner of the Chamber of Commerce called the development promising.
MENTIONED IN THIS ARTICLE
Harry Weiner
Agriculture
Bud Olson
Medicine Hat
Olson
Weiner
Hugh Belsher
Economic Development Committee
National Glass Company
Okandagan
B.C
Ald
Belsher
Mike McAllister
Bill Keith
Ecoenomic Development
Rod Ashburner
Medicine Hat Chamber of Commerce
Troop Levels in Vietnam Rising Despite Nixon Drawdown
U S troops in Vietnam continue to climb despite Nixon's announced plan to withdraw 25,000. Critics in the Senate, including Senators Albert Gore and J W Fulbright, say the force is 4 500 higher than when Nixon took office and question the direction of policy.
MENTIONED IN THIS ARTICLE
Washington
Vietnam
Nixon
Senate
Albert Gore
Dem. Tenn
J. W. Fulbright
Dem. Ark
Also Mentioned on This Page
By Linden McIntyre
Financial Times News Service
Department of Regional Economic Expansion
Pete Mosley
the News
Grey
Bruce Counties
Kootenays
Cranbrook
Golden
Revelstoke
Nelson
Trail
Grand Forks
Belfast
Hooker Street
Northern Ireland
Soviets
Tobe
Northern
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