Quote:
Originally Posted by puffnstuff
Talking to the Calgary Chamber of Commerce,
Smith plans to use the Heritage Savings Fund for "de risking projects" that businesses are "finding difficult to be able to get financing".
That is insane. What happened to the importance of growing that fund?
If banks or VC wont lend businesses money no way in the world should that fund be used that way. Seems grifty as well, who decides which business gets it, how big of a ucp donor do they have to be?
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Speaking of dumb ideas to add to the cons list. This is such terrible policy. We are not only have a mandate to invest locally. We also are going to only pick marginal ideas that aren’t viable to attract their own capital. These are Grants not investments.
This sounds like the Sask NDP investing in potatoes. It didn’t go well.