I spent this morning with some very nice Canadians.
The meeting was about the credits/grants that are available to business' doing Research and Development in Canada. The program, called Scientific Research & Experimental Development (SRED), is very beneficial to companies as it returns some significant percentage of expenditures back to the company performing the R&D.
The have been doing this for a long time now and clearly it works. The theory behind it is that R&D jobs are high paying jobs and once you have built up the infrastructure in a region the jobs stay in that region and continue to stimulate the local economy.
We have heard a lot over the last couple of months about stimulating the economy.
Here in the US I am one of those firm believers that small business' are the way we are going to build and grow our way out of this mess. Anything the US government can do to help encourage, promote and support small business is going to have a powerful impact on the future of the economy.
Its not enough to say it though...both Federal and State governments have to remove the red tape and bring these programs on line efficiently and in a timely manner.
Otherwise we might all be watching hockey, drinking Molsen and sipping coffee from Tim Hortons rather than Starbucks in a few years, eh!
No comments:
Post a Comment