Michelin Development Loans Creating 160 New Jobs in Canada

Since the Michelin Development programme in Canada’s Greater Waterloo Region was launched two years ago, the scheme has created around 700 potential new jobs and lent close to CA$3 million to local entrepreneurs. On March 4 the organisation announced five new loans.

“Michelin Development in the Greater Waterloo Region is proud to be a significant factor in the creation of 700 potential new jobs for people in the region,” said John Tully, director of Michelin Development (Canada) Inc. in the Greater Waterloo Region. “The loans that we have provided help fund the vision and drive of the eighteen companies and entrepreneurs that have received them.”

Michelin Development’s most recent loans provide scope for the potential creation of 160 jobs in the manufacturing, technology, marketing, multimedia and health sectors. “In addition to providing loans to these deserving entrepreneurs, our program also provides access to Michelin’s experience and expertise,” said Tully. “The combination of loans and access to expertise helps these entrepreneurs maximise their business and job creation.”