Mattress Mart is opening a new location at 202 Brownlow Ave. in the unit next to Staples.
• Mattress Mart is opening a new location at 202 Brownlow Ave. in the unit next to Staples.
• The last vestiges of Scanwood Canada Limited disappeared last month as an auction sold off the company’s remaining assets. The court-supervised auction was estimated to raise between $1.4 and $1.6 million in order to meet settlements with company’s former creditors. The Scanwood building itself and surrounding land now belong to nearby Tour Tech East, which plans to use the space to expand its sound stage operations. In addition to its two existing stages, Tour Tech wants to construct four more on the Scanwood property.
• GoodLife Fitness is expanding its list of services that cater to the Boomer generation. Older training associates are now on staff to custom tailor exercise programs for those looking to stay fit and healthy as they enter their retirement years. In fact, GoodLife’s most recent location in Bedford was designed from the ground up to accommodate an older clientele.
• The Burnside Expressway is still just a plan on the drawing board, but Halifax Regional Council is already making plans to capitalize on the new roadway. The municipality has approved the linking of an active transportation trail to the construction of the Expressway, saying that by tying the two together it can save $3.5 million in construction costs. The five-kilometre trail would be built at the same time as the roadway and within the same land corridor. The provincial government has made the commitment to start construction of the Expressway in 2012.
• Stantec, which moved just outside of Burnside’s borders to Highfield Park about a year ago, was recently named one of Canada’s Top Employers for Young People by Canada’s Top 100 Employers competition. First published in 2001, this special designation recognizes employers that are leaders in attracting and retaining younger employees to their organizations. Stantec was singled out for its mentorship program, formal leadership training, health benefits, flexible work hours and career planning services, which include an online career development centre to help employees identify, plan for and achieve their professional goals. This latest honour falls hard on the heels of Stantec being named one of Canada’s Greenest Employers, which in turn followed The Financial Post’s choice of Stantec as one of the 10 Best companies to Work For.
• Things are definitely not equal in the group of companies that share the Homburg name. While Homburg Invest Inc. (HII) and certain of its subsidiaries are trying to restructure a massive debt load under the protection of the Companies' Creditors Arrangement Act, Homburg Canada Inc. continues with business as usual and is looking to secure reimbursement for the debts owned it by HII. There’s also a $27 million lawsuit between the two firms resulting from HII cancellation of a management contract with Homburg Canada. And then there’s Homburg Real Estate Investment Trust (Homburg REIT), reportedly to best performing operation of the three, which continues to raise capital and invest in commercial opportunities. In fact, in an effort to avoid the troubles and bad publicity surrounding the other two Homburg operations, the REIT has received approval from its board of trustees to change its name to Canmarc Canada Real Estate Investment Trust.
In other business park news:
• Pier One Imports, Woody’s BBQ and the Banana Republic are the newest additions to The Shops section of Dartmouth Crossing. In the big box section, Toys R Us is preparing to open its new stand-alone store later this fall.
• Charles Cartmill, founder and CEO of LED Roadway Lighting, and Thomas Rankin, an investment manager at Innovacorp, were recently named to Delta Management's Clean50 list of outstanding contributors to clean capitalism. Delta Management is an executive search firm with a focus on clean technology, corporate social responsibility and sustainability professionals. Cartmill was recognized for creating energy efficient street lighting and his activity with industry associations that advocate environmental and economic sustainability. Rankin was selected for creating funding for clean technology investments, including the $25 million Nova Scotia Cleantech Fund and the ecoNova Scotia Fund for Clean Air and Climate Change. Nova Scotia and New Brunswick have each committed $15 million toward the creation of a new venture capital fund, which will invest in companies from the clean technology, life sciences, information technology and other high-growth sectors throughout Atlantic Canada.
• Sticking with Innovacorp, the agency has recently launched two business development competitions. Returning for another year is the I-3 Technology Start-Up Competition. It’s for high-potential, new knowledge-based businesses in five zones across Nova Scotia. Each first- and second-place winner will win a cash and in-kind award. An overall winner will be awarded a seed investment from Innovacorp. Brand new this year is the Nova Scotia CleanTech Open, an international competition designed to find and fund high-potential, early-stage clean technology companies. The winner receives $100,000 in cash, a $200,000 negotiable seed investment, mentoring and in-kind business building services, including one-year free rent of turn-key space at the Innovacorp Enterprise Centre in Halifax. At the time the prize is awarded, the company is to be incorporated in Nova Scotia, with the intent to build the business here. Entrepreneurs have until 5 p.m. on Dec. 1 to submit their entries. The judging panel will select a short list that will be invited to move on to round two of the competition. The short list will be announced on Dec. 15. The winner will be announced in June 2012. Submissions can be made online at www.novascotiacleantech.com.
• Quickly popping back to LED Roadway for a moment, the firm recently signed a deal with Sony to use space at a Sony-owned plant in Wales for a new production line. The new operation will produce lighting units to fill an U.K. order for 2,000 units.
• GoInstant, a Halifax-based developer of a shared web-browsing solution that got its start via Innovacorp's Entrepreneur in Residence initiative, has secured $1.7 million in financing from such investors as: Freestyle Capital; Baseline Ventures; Greylock Partners; Social Leverage; Chamath Palihapitiya, founder, The Social+Capital Partnership; Yuri Milner, Facebook, Zynga and Groupon investor, and CEO of Digital Sky Technologies; and Ed Sim, GotoMeeting and LivePerson investor, and founding member for Dawntreader Ventures. The province, through Innovacorp, is also investing $100,000.
• Party Ice is preparing it newest location to open in the Sackville Business Park on Estates Road, next door to North Star Surveying & Engineering Ltd.