William Academy Opening this Fall

When CDCI West closed, the building was put up for sale and it was bought by Jeff Weng who operates William Academy in Scarborough and will open a second Campus in this building in September.  He plans to have 50 students to start – 30 international and 20 local.  To encourage local students, he is offering 20 scholarships which will cover students as long as they stay at the school.  To start it will be primarily grades 11 & 12 but will accept from grades 9 to 12. The idea is that both international and local students will benefit from mixing with each other.  Jeff already operates the successful Scarborough campus but both he and the students like Cobourg so… Read complete articleWilliam Academy Opening this Fall

Venture 13 Grand Opening

The new centre for innovation and technology entrepreneurs had its grand opening on Thursday.  All councillors were there with Mayor Brocanier acting as MC.  MP Kim Rudd, MPP Lou Rinaldi, Police Chief Kai Liu were there as well as project prime movers CFDC executive director Wendy Curtis and CAO Stephen Peacock.  The idea for the project was first aired at Council in May 2017 but funding from the Federal Government and Fleming College helped get the project going with tenders let in December 2017.  The second floor will be occupied by the Cobourg Police Business Services unit that is planning to expand and will fully fund their portion.  The speeches were kicked off by a video from Hon Navdeep Bains,… Read complete articleVenture 13 Grand Opening

Town and Police Board to sign MOU

The Business Services Unit (BSU) of the Cobourg Police generates significant income that offsets costs to the Town and taxpayers but the Police board is concerned that this comes with a risk.  If Governments, Provincial or Federal, change the rules, the income could be lost.  Therefore the Town and the Police have prepared a Memorandum of Understanding (MOU) that spells out how this will be handled.  The intent is to keep the BSU separate from day to day Police operation and budget so that any drop in income will not impact taxpayers.  So far, profit from the BSU has been used for Capital items – most recently the cost of setting up the second floor of Venture 13 to house… Read complete articleTown and Police Board to sign MOU

Two Major Projects up for Site Plan Approval

In March of 2017, Sobeys showed the public their plans for expansion of the Foodland Supermarket. They want a new enlarged store and the required public meeting and re-zoning approval happened last year.   The Site Plan is now with the Planning Department. Changes from the public meeting have been incorporated and Council will be asked to approve a Development agreement at their next Committee of the Whole Meeting on Monday March 26.  At the same meeting, the developer of the Cedar Shore Estates property on King Street West (near Monk’s Cove) is asking for a subdivision agreement so the building of 14 homes can proceed.  This was first discussed in 2015 when the property was up for sale at an… Read complete articleTwo Major Projects up for Site Plan Approval

Marijuana Facility confirms Financing

Two days ago, FV Pharma, the Cannabis company who bought the Kraft plant, announced that they had closed their financing agreement with Cannabis Wheaton Income Corp.  They had previously announced a letter of intent to do this (see link below).  They are saying that the deal has “the potential to build out the largest indoor cannabis cultivation facility in the world” and that they will produce 400 million grams of Cannabis a year of which half will be “paid” to Cannabis Wheaton. Chuck Rifici, Chairman and Chief Executive Officer of Cannabis Wheaton commented that “it has the potential to create hundreds of jobs for the City of Cobourg.” What they don’t say is that there are a whole lot of competitors… Read complete articleMarijuana Facility confirms Financing

Celebration of 10 years in Business

Adam Bureau is the Chair of the DBIA but also the owner of one of Cobourg’s successful businesses – Buy and Sell.  Today he celebrated 10 years of operation complete with presentations, speeches, food and entertainment. But as well as operating his own business he is working in tandem with three other businesses who share his premises in a prime location on King Street.  The three startups don’t need and can’t afford to rent a full store so they are located in his store.  Video Games City, WD Cyber Solutions and Classic Coins and Bank Notes get cheaper rent, they can back each other up when they need to leave their position unattended and they generate traffic for each other. … Read complete articleCelebration of 10 years in Business

Horizon Plastics sold

Horizon Plastics International (HPI) is one of Cobourg’s major employers and they have been sold to Core Molding Technologies, Inc (Core) based out of Ohio for approximately US $63 million in cash.   HPI has 250 employees operating within two manufacturing facilities located in Cobourg, and Nuevo Leon, Mexico.  Of these, 210 are in Cobourg.  The announcement says that the new owner “plans to continue all HPI operations and does not expect any significant restructuring, shut-down or employee severance costs.” That means no layoffs. The announcement by Core says that they have “acquired substantially all of the assets” of HPI. Kevin L. Barnett, President and Chief Executive Officer of Core Molding Technologies said: “Continuing to expand our technology offerings and diversifying… Read complete articleHorizon Plastics sold

Labour Action at Tim Hortons on Division Street

Union representatives from Kingston to Toronto were out in force tonight supporting workers at the Tim Hortons on Division Street.  The media was also well represented.   There were perhaps 150 people all told in the parking lot and spilling out onto the street.  The action started at around 4:30 but got into full swing around 5:00 p.m. when both NDP leader Andrea Horwath and a light rain arrived!  As well as Union reps, the organization known as “Fight for $15 & Fairness” was there as well as the Durham Labour Council and more (details below).  Passing cars honked in support.  A police car arrived but took no action – they were probably coming for a coffee.  There was no indication… Read complete articleLabour Action at Tim Hortons on Division Street