Dave is OBJ's senior features writer with two decades of experience in the newspaper industry working for a variety of publications from community weeklies to major dailies. He is a four-time award-winning journalist by the Alliance of Area Business Publishers (AABP). He has received awards for best news feature, best scoop and best overall writer among medium-sized business publications.
A Kanata-based photonics company that has struggled to gain traction for nearly two decades says it is on the verge of a market breakthrough and is scouting potential sites in the National Capital Region to build a $150-million chip fabrication plant that would employ more than 100 people.
The sale of aging federal government buildings in Ottawa could still be “several years” away, Public Services and Procurement Canada says, while a Crown corporation that redevelops surplus federal properties says it will look into whether any of the sites on the disposal list could be financially viable as residential conversions.
Shopify is launching new point-of-sale hardware across Canada, part of its efforts to bolster services for brick-and-mortar merchants as e-commerce growth slows down and the company looks for new sources of revenue.
Proptech venture 1Valet says it’s poised to expand into markets such as the United Arab Emirates and Saudi Arabia over the next 12 months as its platform gains momentum.
Avivagen is reviewing “strategic alternatives” that could include selling the embattled Ottawa-based life sciences company as it struggles to gain market traction for its natural immune-boosting compound.
Ottawa Centre MP Yasir Naqvi says he’s hoping federal agencies such as the Canada Mortgage and Housing Corp. will play a role in funding projects that would convert decaying downtown office buildings into apartments or other uses like hotels, schools and performing arts spaces.
Founder and CEO Paul Vallée confirmed that he and former Tehama executives Rob White, Kevin Haaland and Mick Miralis led a successful $2.9-million bid to buy the firm’s assets under a court-supervised auction process.
The Ottawa-based cleantech firm, which posted revenues of $5.6 million in its most recent quarter, has landed a pair of new contracts worth a total of nearly $3 million.
Claridge Homes chief financial officer Neil Malhotra said higher mortgage rates, rising construction costs due to inflation and a new bylaw that hikes the fees developers pay to the city in lieu of parkland at highrise building sites have combined to make large-scale development projects a risky proposition.
Ross Meredith, the general manager of the Westin Ottawa and the Delta Ottawa City Centre hotels, said he thinks it will “probably take a few years” for the Ottawa tourism sector to see pre-COVID levels of overseas visitor spending.