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Ontario Helping More Women Build Skills and Get Jobs

The Ontario government is launching a call for applications and investing $5.5 million, including an additional $496,000 this year, in the Women’s Economic Security Program to expand and increase training opportunities for low-income women to equip them with the skills, knowledge and experience to find a job or start a business and increase their financial security.

“The Women’s Economic Security Program is empowering women with the skills they need to join the workforce and help build Ontario together,” said Charmaine Williams, Associate Minister of Women’s Social and Economic Opportunity. “We know that supporting more women in the workforce benefits Ontario’s economy, especially in in-demand sectors such as the skilled trades. These careers are exciting, provide good pay and benefits, and will empower women and girls across the province to succeed.”

The Women’s Economic Security Program offers training in four streams: the skilled trades, entrepreneurship, information technology and general employment. To help remove barriers to participating, the training programs also include additional supports such as providing meals throughout the training day, transportation to and from training, and support in finding child care.

Through the program, women, including those who have experienced or are at risk of intimate partner violence, can also access wraparound supports, including referrals to mental health and well-being supports, counselling, housing, and legal support.

Women interested in the program can visit Ontario.ca/women. The call for applications for eligible service providers looking to deliver the program is also now open. The deadline to apply is January 26, 2024, and information about the program and the application process is available at Ontario.ca/getfunding.

Investing in the Women’s Economic Security Program is one more way Ontario is removing barriers so more women can excel as entrepreneurs, in leadership roles, and in jobs where they are underrepresented like the skilled trades. In addition to $5 million invested in this program, Ontario is providing another $496,000 for projects this fiscal year. The additional funding is provided through the bilateral agreement on the National Action Plan to End Gender-based Violence in Ontario with the federal government.

Source : ontario.ca

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The Investment Opportunities of Industrial Hemp

Video: The Investment Opportunities of Industrial Hemp

The fledgling U.S. hemp industry is decades behind countries like Canada, France and China, but according to impact investor and this week’s podcast guest, Pierre Berard, it could flourish into a $2.2 billion industry by 2030 and create thousands of jobs.

To reach its potential, what the hemp industry needs most right now, Berard said, is capital investment.

Last month, Berard published a report titled “Seeing the U.S. Industrial Hemp Opportunity — A Pioneering Venture for Investors and Corporations Driven by Environmental, Social and Financial Concerns” in which he lays out the case for investment.

It’s as if Berard, with this report, is waving a giant flag, trying to attract the eyes of investors, saying, “Look over here. Look at all this opportunity.”

Berard likens the burgeoning American hemp industry to a developing country.

“There is no capital. People don’t want to finance. This is too risky. And I was like, OK, this sounds like something for me,” he said.

As an impact investor who manages funds specializing in agro-processing companies, Berard now has his sights set on the U.S. hemp industry, which he believes has great economic value as well as social and environmental benefits.

He spent many years developing investment in the agriculture infrastructure of developing countries in Latin America and Africa, and said the hemp industry feels similar.

“It is very nascent and it is a very fragmented sector. You have pioneers and trailblazers inventing or reinventing the field after 80 years of prohibition,” he said. “So I feel very familiar with this context.”

On this week’s hemp podcast, Berard talks about the report and the opportunities available to investors in the feed, fiber and food sectors of the hemp industry.

Building an industry around an agricultural commodity takes time, he said. According to the report, “The soybean industry took about 50 years to become firmly established, from the first USDA imports in 1898 to the U.S. being the top worldwide producer in the 1950s.”

Berard has a plan to accelerate the growth of the hemp industry and sees a four-pillar approach to attract investment.

First, he said, the foundation of the industry is the relationship between farmers and processors at the local level.

Second, he said the industry needs what he calls a “federating body” that will represent it, foster markets and innovations, and reduce risk for its members and investors.

The third pillar is “collaboration with corporations that aim to secure or diversify their supply chains with sustainable products and enhance their ESG credentials. This will be key to funding the industry and creating markets,” he said.

The fourth pillar is investment. Lots of it. Over $1.6 billion over seven years. This money will come from government, corporations, individual investors, and philanthropic donors.

The 75-page report goes into detail about the hemp industry, its environmental and social impact, and the opportunities available to investors.

Read the report here: Seeing the U.S. Industrial Hemp Opportunity

Also on this episode, we check in with hemp and bison farmer Herb Grove from Brush Mountain Bison in Centre County, PA, where he grew 50 acres of hemp grain. We’ll hear about harvest and dry down and crushing the seed for oil and cake.