A Kanata company that’s developing a high-tech metal powder for automotive and aerospace manufacturing has some more rocket fuel in its own tank thanks to $17 million in new funding.
Businesses will have to balance satisfying shareholders, who will never say no to more cash, with keeping their companies afloat as they grapple with mass layoffs, forced closures of their brick-and-mortar locations, transitioning staff to work from home and in some cases, the erosion of their entire industry.
The proposed towers are part of Claridge’s East Flats project, which calls for up to five highrises that will include more than 1.5 million square feet of residential space.