Linamar to add 1,200 jobs in Guelph and it only cost tax payers $500 milion

[one.of.a.kind]

Paraphrase:- An executive said to Wynne. Your welcome here anytime you bring us money. In my opinion a stupid comment to make at an announcement but truthful. Nice to give our money away considering the province is in depth up to our wasuu.

http://www.theglobeandmail.com/repo...0-jobs-with-federal-stimulus/article22406241/

 

[Yoga Face]

The government will make a $50.7-million repayable contribution to Linamar’s $507-million investment

 

[OddSox]

To be fair, it's the Federal Govt not Wynne, and it's a $50 million repayable loan (not $500 million which is the total investment by the company).

 

[SkyRider]

This follows the federal "contribution" to Pratt and Whitney.Wish the government had done something for NORTEL before that company/industry went tits up. Hey, how about some money for RIM (now Blackberry)?

 

[fuji]

Talk about a misleading thread title!

 

[rhuarc29]

Not a fan of Linamar. Have had dealings with them in the past. Bloated company with inept management IMO. Not surprised the government is now in league with them. Two peas in a pod.