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Originally Posted by Northendzone
fair enough. my general grumble about this is the optics of the government announcing $173 million to a company that seemingly pulls up stakes a little more than two years after the announcement.
maybe the question is did the government actually provide the promised money as i assume they do not roll into these announcements with a cheque in hand
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Normally funding is awarded relatively early in the process (though often for bigger projects it's doled out in stages after milestones are reached). But without knowing the exact details of the grant, it's hard to say.
But like I said, unless there was a significant departure from basically every other grant program, the funding is conditional on the project going forward.
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it also looks clunky given this company is apparently located in the riding of a liberal MP who is the minister of the portfolio.
to me it has a similar feeling of the liberals buying all those ventilators (that were apparently never delivered) from a company connected to a former liberal MP
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But it's not; that's flat out fiction. Neither the facility nor the company's headquarters are in that Minister's riding. Neither is within 100km of Champagne's riding.
And you're talking like this is some podunk organization that was just handed a bunch of money. With it's facility (that was already 2 years into construction when the funds were awarded) Medicago was by far the closest to having large-scale vaccine manufacturing capabilities of anyone in Canada. And hopefully they can get someone else to take over the facility because having that is important to our country's security.