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MBI Business Brief – November 25, 2022

Canada has Excellent Quality in All Wheat Classes (CNW Group/Cereals Canada)

New apartments coming to Bridgwater Centre

Ventura Developments revealed its plan for new residential apartment development in Winnipeg’s Bridgwater Town Centre. The new complex, EpiCentre, will see six buildings constructed overall, with the first two completed by Fall 2024 as part of its phase one development. Each building will contain 86 to 100 apartments with commercial space on the first floor. Ten per cent of the project will be affordable rentals. Building amenties will include a fitness centre, co-working space, pet cleaning centre,  and an indoor/outdoor dog park. Phases two and three are expected to be completed in the next six to eight years.

The Ventura Group is one of the largest land acquisition and multi family housing development companies in Manitoba.

Cereals Canada releases 2022 Wheat Crop Report

On Nov. 23, Cereals Canada released its annual Wheat Crop Report, which assesses the quality of the crop and provides information to buyers of Canadian cereals.

Among the highlights in the report:

  • Much of the 2022 Canadian wheat crop graded in the top two grades, with high protein content across all Canadian wheat classes.
  • Over 90 per cent of the CWRS (Canada Western Red Spring) crop graded No. 1 and No. 2, with protein content higher than average.
  • Eighty per cent of CWAD (Canada Western Amber Durum) graded No. 1 and No. 2, with protein content higher than average.
  • Over 90 per cent of CPSR (Canada Prairie Spring Red) graded No. 1 and No. 2, with good protein content.
  • Ninety-nine per cent of CESRW (Canada Eastern Soft Red Winter) graded No. 2 or above with consistent high falling numbers and excellent quality.
  • 2022 production returned to above average volumes with Canada growing 34.7 million tonnes of wheat, an increase of 55 per cent from 2021 (2021 was lower due to drought conditions).

“The New Wheat Crop Report provides our customers with the technical data on what they can expect from this year’s crop,” said Dean Dias, CEO of Cereals Canada. “The 2022 report was released today and we are pleased to share that Canada has excellent quality in all wheat classes.”

The New Crop Report is prepared and presented in partnership with the Canadian Grain Commission, value chain members, and provincial grower commissions. The 2022 New Wheat Crop Report will be shared in-person when a delegation representing Canadian cereals travels to countries in Asia, Latin America, Europe, Africa, and the Middle East.

PrairiesCan announces new funding for innovation in Manitoba

The Hon. Daniel Vandal, Minister for PrairiesCan, unveiled new federal funding for 16 projects in Manitoba, worth $22.7 million in total.

The Jobs and Growth Fund provided $400,000 to Emerge Knowledge Design for the launch of a standardized waste management data service and campaign.

The Business Scale-Up and Productivity Program invests in seven Manitoba companies:

  • C.L. Malach Company  – 3,722,055 to acquire and install state-of-the-art sheet metal fabrication equipment.
  • Red River Press Inc. – $735,000 to enhance an existing digital homework and student assessment tool.
  • Gryd Digital Media – $400,000 to commercialize its new digital parking application
  • Smartrend Manufacturing Group – $1,851,305 to scale sales and marketing capacity and enhance their internal systems and processes
  • Northquip Inc. – $2,100,000 to integrate advanced equipment into cattle chute manufacturing facility.
  • Evolution Wheel – $2,796,192 to scale operations for the non- pneumatic heavy equipment tire market.
  • OmniGlass SCT Inc. – $532,500 to integrate advanced equipment into their fiberglass window frame manufacturing facility.

COVID-19 Relief Fund invested into:

  • Cubresa Inc. – $113,731 to preserve high level positions in operations, development, program support, and sales.
  • Eljo Industries – $966,077 to retain talent, maintain knowledge and skills, and protect processes in the advanced manufacturing industry.
  • Cerebra Health Inc. – $1,000,000 for digital skills development for providing goods and services and to maintain employment.

As well, the Regional Innovation Ecosystems program invested $6 million into ComIT Corp, New Media Manitoba, Red River College and the University of Manitoba.

The University of Manitoba also received $2.1 million from the Aerospace Regional Recovery Initiative, to establish a controlled, physically separated and fully instrumented facility to increase capacity in research and skills training of unmanned aerial vehicles (UAVs).

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