Topp on jobs

Late last week, Brian Topp released his fourth policy paper, this one on jobs and small business.

I propose that new federal credit union legislation be enhanced to promote the establishment of new credit unions while respecting the integrity of the credit union governance structure.  Enhancements would  allow them to reach a larger client base while respecting the credit union difference…

I propose an enhanced and renewed federal labour-sponsored venture capital program, that learns from the success of the Quebec system and from the lessons of the Ontario experience. I propose  that permitted placements in federally-chartered labour-sponsored funds be increased to $15,000 from then current $5,000; that eligible investors be limited to sophisticated parties, who are investing on the advice of investment professionals; and that management fees and charges, diversification of investments, and eligible managers be much more carefully regulated and limited than was the case in Ontario…

I propose that Export Development Canada explicitly allocate at least 5% of its programming to small and medium sized business – and actively engage with small companies to encourage them to build their overseas sales.

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