CONNECT 2024 - Summer Edition by Mississauga Board of Trade

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SAMEER SHARMA

2024 MBOT Chair President, Crown Group of Hotels

EMBRACING THE SEASON OF GROWTH:

Summer in Mississauga

As we step into the vibrant days of summer, the Mississauga Board of Trade is excited to share our reflections on the past quarter and our plans for the coming months. This season not only brings warmth and sunshine but also an array of opportunities for our business community to thrive and innovate especially given the start to cuts in interest rates.

The spring months were marked by significant milestones and achievements for MBOT. We hosted several successful events that fostered collaboration and networking among our members. Our annual Economic Outlook event provided valuable insights into market trends and economic forecasts, helping businesses to strategize effectively. Additionally, our monthly networking mixers continued to be a popular platform for members to connect, exchange ideas, and forge new partnerships.

In May, I had the pleasure of attending the Ontario Chamber of Commerce Annual General Meeting in Timmins, Ontario. I am happy to share that MBOT was awarded the Outstanding Advocacy Campaign Award. It is an honour to be recognized amongst the best Chambers in Ontario for our advocacyone of the pillars of operation.

We hosted the annual Business Awards of Excellence and received over 100 nominations in 11 categories. The event was a great success and the stories of all the nominees were inspirational. Congratulations again to all nominees and respected winners!

The Hon. Victor Fedeli, Minister of Economic Development, Job Creation and Trade, joined our membership for an insightful discussion on recent investments and growth of Ontario’s life sciences sector, advanced manufacturing industry, and automotive supply chain.

On May 29th, Mississauga Board of Trade, in partnership with Sheridan College, United Way Greater Toronto, and Metamorphosis Network, hosted a Mayoral Candidates Debate. We congratulate Mayor Carolyn Parrish on winning the election. MBOT looks forward to continued collaboration and contributing to Mississauga’s success.

As we enjoy the lively days of summer, MBOT remains committed to our mission of supporting and advocating for the business community in Mississauga. We believe that by fostering innovation, promoting member resources, and engaging with our community, we can continue to build a prosperous and resilient business environment.

We encourage all our members to take advantage of the opportunities this season offers and to participate in the various events and initiatives planned. Together, we can make this summer a season of growth and success for all.

Thank you for your continued support and dedication to making Mississauga a thriving place to live and do business. 

2024 BOARD OF DIRECTORS

EXECUTIVE COMMITTEE:

• Sameer Sharma, Crown Group of Hotels | Chair

• Jonathan Borrelli, KMB Law | Vice Chair

• Steve Rhone, Weston Forest | Immediate Past Chair

• Crystal Reedie, RBC | Treasurer

• Amanda Pautler, University of Toronto Mississauga

• Atul Sharma, Greater Toronto Airports Authority

• Trevor McPherson, MBOT President & CEO (Ex-officio)

DIRECTORS:

• Adriano Mazzorato, Kaneff Group of Companies

• Anthony Petrucci, Palma Pasta Corporation

• Gena Restivo, AstraZeneca Canada

• Janet Wardle, MHI Canada Aerospace Inc.

• Joanne Islip, Sheridan College

• John McKenna, McKenna Logistics Centres

• Malaika Mendonsa, Grant Thornton LLP

• Paul Hainer, Insuranceland Inc.

• Paul Meo, NTN Bearing Corporation of Canada Ltd.

• Ryan O’Neil Knight, Detailing Knights

• Robyn Saccon, BD Canada

• Ross Thomas, TD Bank (Commercial Banking Division)

Established in 1961, Mississauga Board of Trade proudly serves as a the Chamber of Commerce for the sixth largest city in Canada – the third largest city in Ontario. Mississauga Board of Trade represents all businesses in Mississauga. MBOT’s large, diverse and active membership has made us one of the most vibrant business associations in Canada. As the “Voice of Business” we advocate on policy issues that impact local business at all levels of government, and are influential in helping to shape policy decisions. MBOT also offers a wide variety of valuable business services and professional development programs, networking events and marketing opportunities, to help business grow, prosper, and get connected.

PUBLISHER: Trevor McPherson President & CEO ceo@mbot.com

EDITOR: Katelin Mowder Digital Content Creator kmowder@mbot.com

DESIGN & LAYOUT: Katika Integrated Communications Inc. www.katika.com

PRINTING: Katika Integrated Communications Inc. www.katika.com

DISTRIBUTION: Katika Integrated Communications Inc. www.katika.com

ADVERTISING INQUIRIES: Solange Barcena - sbarcena@mbot.com

EDITORIAL INQUIRIES: Katelin Mowder - kmowder@mbot.com

TREVOR McPHERSON President & CEO

Mississauga Board of

Trade

A Collaborative Vision

FOR SUSTAINABLE PROSPERITY IN MISSISSAUGA

As Mississauga welcomes its 5th Mayor since incorporation, the Mississauga Board of Trade (MBOT) eagerly anticipates a productive collaboration with Mayor Parrish and all Council members, including newly elected Councillor Natalie Hart in Ward 5. Our goal is to ensure that the City continues to support businesses of all sizes, maintain a competitive tax rate, and position our local economy as the premier destination for new business investment, particularly in high-growth sectors such as life sciences, emerging technologies, transportation and logistics, and advanced manufacturing.

Recently, MBOT hosted its annual Business Awards of Excellence, celebrating the inspiring stories of the award recipients featured in this issue of CONNECT. While their success is a testament to innovation, determination, and remarkable teamwork, it also underscores the importance of a modern and efficient business ecosystem in today’s globally competitive environment.

Let’s look at some of the key factors that will impact Mississauga’s future prosperity:

TAXATION

Maintaining a competitive property tax rate is crucial for attracting new residents and businesses. The most recent municipal budget approved by Council included a modest 2.3% increase in the property tax rate, while the Region of Peel approved a more significant 4.5% increase. To address this, finding additional operational efficiencies and presenting a united front of municipal leaders from Peel Region will be vital in advocating for a “New Deal for Peel” from the Province.

HOUSING

Housing is a defining issue of our time. We need more housing of all types to support residents, workers, and newcomers. Mayor Parrish has already signaled her commitment to working closely with developers and City staff to improve permitting and development processes, which is a positive early indicator. Additionally, fostering a collaborative relationship with provincial and federal governments will be critical.

INFRASTRUCTURE

With additional housing comes the need for new and renewed infrastructure. From roads and bridges to transit, emergency services, and wastewater systems, the infrastructure needs are extensive. The potential transition of regional services such as regional roads, land use planning, waste management, and water/wastewater could bring additional efficiencies.

CRIME

Crime prevention and policing remain top priorities for municipal leaders in Peel Region, especially with the sharp rise in auto thefts. Addressing these concerns is increasingly important for both residents and the business community 

Local & Regional

2024: ONE OF THE MOST IMPORTANT YEARS IN MISSISSAUGA’S 50-YEAR HISTORY

Local Government

On June 10, the people of Mississauga elected Carolyn Parrish as our new mayor. MBOT congratulates Mayor Parrish, on her victory. We look forward to working with her in the years to come as we position Mississauga for future success.

Over the last 50 years, Mississauga has achieved many successes, including becoming one of Canada’s top economic and job centres. Additionally, Mississauga is the largest local economy in Ontario after Toronto. We would not be here were it not for the many Mississaugabased industries and the leadership at City Hall that make Mississauga’s economy so prosperous and successful.

This year – 2024 – is the 50th anniversary of the City of Mississauga. It is in this context that MBOT hopes to encourage debate about where our local economy goes over the next 50 years.

ADVOCACY IN ACTION

PROVINCIAL

INCREASED VOICE FOR MISSISSAUGA IN FORD CABINET

On June 6, Premier Ford shuffled his cabinet amid discussion about a possible early provincial election. As a result of the changes, Mississauga sees increased representation in the cabinet. In addition to Hon. Nina Tangri, the long-standing Associate Minister of Small Business, Natalia KusendovaBashta will also be a voice for Mississauga in the cabinet. Minister Kusendova-Bashta, MPP for Mississauga Centre, is now Minister of Long-Term Care. MBOT looks forward to discussing issues of importance to both the Mississauga business community and the long-term care sector with the new minister.

RED TAPE REDUCTION

The Ford Government is conducting ongoing consultations with Ontario’s business community regarding red tape reduction. Specific requests were made to Ontario chamber members and business leaders to provide suggestions for red tape reduction. If you have any suggestions or ideas for reducing red tape on business in Ontario, please feel free to contact Brett McDermott, Director of Government and Stakeholder Relations at MBOT, at bmcdermott@mbot.com.

FEDERAL

FEDERAL BUDGET

The spring federal budget focused less on fiscal restraint and more on spending to address challenges in a variety of areas. In total, the budget is $537.6 billion with a deficit of $39.8 billion. Debt as a percentage of GDP is 41.9% with a plan to reduce this to 39% by 2030.

Large spending items in the budget include:

• Old Age Security ($80.6 billion);

• Health care transfers to the provinces ($52 billion);

• Defence ($33 billion); and,

• Public debt charges ($54.1 billion)

CAPITAL GAINS TAX INCREASE

One point of contention in the budget is the proposed capital gains tax increase. The government proposed increasing the inclusion rate to 67%. This has been criticized by many, including the Canadian Chamber of Commerce. In a time when the Canadian economy’s low productivity has been described as an “emergency,” increasing the capital gains tax will not increase productivity. Additionally, the stated purpose for increasing the tax is to finance health care. In the context of health care, the opposite may occur: an increased capital gains tax may reduce access to health care.

To see the Canadian Chamber of Commerce’s joint letter to Chrystia Freeland, please visit: www.chamber.ca/news/ joint-letter-to-minister-freeland-on-capital-gains/ 

Crafting Compelling

JOB DESCRIPTIONS

ROBIN LAO President

HRIS Consultants Ltd.

In today’s competitive business landscape, strategic recruitment practices are a cornerstone for organizational success. The importance of strategic recruitment planning, particularly in crafting compelling and detailed job descriptions. By creating clear and engaging job descriptions, companies can attract top talent while minimizing the risk of wasting time and resources on unsuitable candidates.

COMPONENTS OF THE JOB DESCRIPTION:

A job description is a written document outlining the tasks, responsibilities, and expected methods for performing a job, as well as the reasons behind any necessary job procedures.

• Position Title and Overview: Clearly define the job title along with pertinent details such as the department, location, reporting structure, and creation/update date of the job description.

• Job Purpose and Objectives: Provide a concise statement outlining the primary purpose and objectives of the job, aiding potential applicants in assessing their suitability for the role.

• Company Overview: Provide an introduction of the company, highlighting its unique aspects and values to give potential candidates a comprehensive understanding of the organization.

• Key Responsibilities: List the major duties associated with the position, prioritizing them from most to least important. Additionally, specify any necessary tools, equipment, or work aids required to fulfill these duties effectively.

• Required Qualifications: Detail the essential qualifications, encompassing skills, education, experience, certifications, and licenses necessary for the role.

• Work Environment and Conditions: Offer insights into the work environment, including potential hazards, cultural aspects, and physical or mental demands.

HOW TO WRITE A GOOD JOB DESCRIPTION?

The cornerstone of writing an effective job description is conducting a comprehensive job analysis to identify job tasks and responsibilities, as well as the knowledge, skills, and abilities required to perform them.

It is also important to use unbiased language to maintain fairness and neutrality. An organization’s recruitment plan needs to comply with Canadian legislation, the most important of which include human rights and employment or pay equity. When writing the job description, avoid gender-specific language.

Finally, the format and layout of the job description is critical. A well-structured job description is easier to read and understand, ensuring that candidates clearly understand the responsibilities and requirements of the role. In addition, a visually appealing format can grab and hold the attention of potential candidates. It encourages them to engage with the job description and consider applying for the role. 

HRIS Consultants Ltd. 905-281-0380 robin@wintaxpayroll.ca

BUSINESS IMMIGRATION –CANADA AND U.S.

WHAT YOU NEED TO KNOW RIGHT NOW

MELISSA BABEL

B.A. (Hons) LL.B, Barrister and Solicitor Babel Immigration Law

What is Flagpoling?

Flagpoling refers to the process in which a foreign national in Canada departs Canada for the US with the sole purpose of re-entering Canada to present an application for temporary status (work permits, usually) to the Canada Border Services Agency for processing. Flagpoling is usually looked at as a strategy to avoid very lengthy processing for extensions of status inside Canada with IRCC.

But! Flagpoling is challenging - CBSA has limited times when they will accept ‘flagpole’ applications (SW Ontario has been limiting access to the ports for this purpose for many years).

There are also U.S. immigration implications as a person needs to be able to legally enter the U.S. (and the U.S. CBP has let them in!).

Canada Border Services Agency – Possible Strike Action - What happens when people and goods can’t cross the border in a predictable and efficient way?

One thing is that the country realizes the unmistakable importance of reliable travel and transportation. Canada runs on trade and the reliable movement of people and goods. What then of flagpoling and so many other critical processing done by CBSA? Keep an eye on this storywhat happens at the border impacts everyone.

Canada to implement new off-campus work regulations for international students

On April 29, 2024, Minister Marc Miller announced the end of the temporary policy allowing students to work over 20 hours per week off campus, effective April 30, 2024. Starting this fall, students’ off-campus work hours will be limited to 24 per week, aiming to prioritize studies while offering flexibility for employment.

C LARITY IN IMMIGRATION

Babel Immigration Law is a boutique corporate immigration law

ﬁrm serving small and medium sized business in Canada and the U.S. We provide smart, strategic advice for our clients who want to live, work, study and do business on both sides of the border.

During academic breaks, students can work unlimited hours. The decision considers students’ needs and international policies, aiming to mitigate adverse academic effects from excessive work. Additionally, Canada is developing the Recognized Institutions Framework for post-secondary institutions with the goal of maintaining high standards for international student support.

Does Canada have a functioning foreign caregiver program?

My answer to clients in recent years has been ‘no.’ Since the end of the Live-in-Caregiver Program in 2019, Canadian families, most notably the ‘sandwich generation’ with elderly parents and young children needing care, have faced constant flux related to access to foreign caregivers. Numerous pilot programs have been introduced, then rescinded, then revived, leaving both families and caregivers (with their own families) to bear the burden of finding interim care for their loved ones (Canadian families) or lengthy processing times and uncertainty around status in Canada (caregivers).

The government’s newest plan is to grant Permanent Resident status to 15,000 foreign caregivers on arrival in Canada (details still pending).There’s no doubt that a foreign caregiver program is among the more complex immigration streams to run and manage. And let’s face it, employers’

needs change: elderly parents get old and die, or their care needs exceed what can be done with in-home care; young children also get older and go to school. The natural course of a caregiver’s career is likely to involve employment with multiple families.

Will this new version of the foreign caregiver program solve the problems that have burdened the foreign caregiver system in this country for so long?

USCIS Updates Guidance for Family-Based Immigrant Visas

On May 22, 2024, USCIS updated its guidance on familybased immigrant visa petitions. The update to the USCIS Policy Manual includes explanations for how USCIS handles correcting approval notice errors, requests for consular processing or adjustment of status and routing procedures for approved I-130 petitions.

A notable update for petitioners and beneficiaries of the family-based immigrant visa applications to be aware of is that if there is no clear indication of whether the beneficiary wants consular processing or adjustment of status, USCIS will use its discretion whether to send the approved petition to the National Visa Centre (for consular processing) or to keep the adjustment of status for processing with USCIS. 

Using the right tools is crucial for you as a business leader who wants to drive growth and success for your ventures. Business credit cards offer numerous benefits, but deciding whether you need one and which to choose can be challenging. This article explores their value and provides insights to help you make informed decisions. Business vs personal credit cards

Business and personal credit cards have different intended uses and functionality. While personal credit cards are designed for individual consumer purchases and expenses, business ones are specifically geared towards meeting the financial needs of a business.

If your business is exposed to a certain seasonality or your cash flow is not consistent throughout the month, a business credit card will also allow for easier cash flow management. For example, if most of your outstanding payments are due at the end of the month and at that time you haven’t collected all your receivables, a credit card will allow you to make payments on time.

Overall, separating personal and business finances enhances expense tracking and improves cash management efficiency.

Maximizing financial efficiency: THE POWER OF BUSINESS CREDIT CARDS

Business credit cards vs other payment methods

Compared to Electronic Funds Transfers (EFTs) or cheques, business credit cards provide convenience, flexibility, and security. With a credit card, you can make quick and secure payments without the need for complex processes or paperwork associated with EFTs or cheques.

Furthermore, business credit cards offer rewards programs, robust expense tracking, and security features like chargeback protection and realtime fraud detection.

Common questions about business credit cards

1. Can I use a personal credit card for my business expenses?

It’s not recommended due to the benefits of separating business and personal finances. Business credit cards are designed to streamline expense tracking, manage cash flow effectively, and avoid accounting and tax complications.

2. What are the benefits of having a business credit card for my small business?

They include rewards programs, higher credit limits, expense tracking tools, and liability protection insurance.

CANADIAN WESTERN BANK

3. How can I choose the right business credit card?

Consider factors like rewards programs, insurance coverage, interest rates, fees, CAD vs USD currency, and reporting tools. It is important to compare different credit card offers and select a card that aligns with the business’s financial goals and needs.

Business credit cards that work as hard as you do

CWB offers a range of business credit cards tailored to meet unique business needs. Their competitive cashback rewards program, available with the Echelon Rewards+ and Echelon Rewards Business™ Mastercard®, allows you to earn reward points on every purchase and redeem them on any transaction anywhere in the world. Additionally, cardholders can earn up to 30% back in points when shopping with select retail partners.

CWB business credit cards also come with a compelling suite of digital capabilities, including digital card capability, dynamic spend monitoring tools, enhanced self-serve security features, and the ability to add, remove, and modify employee cardholders in real time.

Learn more and apply for your credit card here: https://www.cwbank.com/ en/business/credit-cards 

Winners of Mississauga Board of Trade's Business Awards of Excellence were recognized at a signature event on Thursday, May 9t Wedding & Convention Centre, where MBOT welcomed hu honoured guests. The event recognized Mississauga b whose business achievements or community involvemen contributions to the economic and social well-being annual event brings together businesses, government night of celebration and prestige.

UNLOCKING

UNLOCKING THE FUTURE

FUTURE

Join

FUTURE

Join us for a groundbreaking half-day conference that promises to ignite your imagination and inspire your strategic vision.

for a groundbreaking half-day conference that promises your imagination and inspire your strategic vision.

GUEST SPEAKERS

Tej Khachh

Dr. Ed Sykes Director, Centre for Applied AI, Sheridan College

Join us for a groundbreaking half-day conference that to ignite your imagination and inspire your strategic vision.

GUEST SPEAKERS

Tej Khachh Business ConsultantTech Sector, Mississauga Economic Development Office

Tej Khachh Business ConsultantTech Sector, Mississauga Economic

Tej Khachh Business ConsultantTech Sector, Mississauga Economic Development Office

Dr.

Tej Khachh

Warren Ali Director of Industry Innovation, Vector Institute

MICHAEL DUONG, PH.D. HEAD OF INNOVATION, HOFFMANN-LA ROCHE

Humera Malik CEO, Canvass AI

Hopkins Partner, Canada

Michael Duong, Ph.D. Head of Innovation, Hoffmann-La Roche

Humera Malik CEO, Canvass AI

Mark Hopkins Managing Partner, Valenta Canada

JOSEPH KURIAN SENIOR ACCOUNT EXECUTIVE, ADVANCED TECHNOLOGIES BRANCH, MEDJCT, ONTARIO

Dr. Ed Sykes Director, Centre for Applied AI, Sheridan

DR. ED SYKES DIRECTOR, CENTRE FOR APPLIED AI, SHERIDAN COLLEGE

Dr. Ed Sykes Director, Centre for Applied AI, Sheridan College

Duong, Ph.D. Head of Innovation, Hoffmann-La Roche

HUMERA MALIK CEO, CANVASS AI

Humera Malik CEO, Canvass AI

Warren Ali Director of Industry Innovation, Vector Institute

Dr. Ed Sykes Director, Centre for Applied AI, Sheridan College

Warren Ali Director of Industry Innovation, Vector Institute

Michael Duong, Ph.D. Head of Innovation,

Humera Malik CEO, Canvass AI

Mark Hopkins Managing Partner, Valenta Canada

Joseph Kurian Senior Account Executive,

Noureen

Humera Malik CEO, Canvass AI

Mark Hopkins Managing Partner, Valenta Canada

Joseph Kurian Senior Account Executive, Advanced Technologies Branch, MEDJCT, Ontario

Noureen Syed Partner, IBM Consulting

NOUREEN SYED PARTNER, IBM CONSULTING

Warren Ali Director of Industry Innovation, Vector Institute

Michael Duong, Ph.D. Head of Innovation, Hoffmann-La Roche

WARREN ALI DIRECTOR OF INDUSTRY INNOVATION, VECTOR INSTITUTE

Michael

Michael Duong, Ph.D. Head of Innovation, Hoffmann-La Roche

Warren Director of Innovation, Institute

Mark Hopkins Managing Partner, Valenta Canada

Joseph Kurian Senior Account Executive, Advanced Technologies Branch, MEDJCT, Ontario

MARK HOPKINS MANAGING PARTNER, VALENTA CANADA

Joseph Kurian Senior Account Executive, Advanced Technologies Branch, MEDJCT, Ontario

Noureen Syed Partner, IBM Consulting

Ken Tencer Curator, Say Hi to the Future

Noureen Syed Partner, IBM Consulting Ken Tencer Curator, the Future Mark Hopkins Managing Partner, Valenta Canada

KEN TENCER CURATOR, SAY HI TO THE FUTURE

MARCH

Duong, Head Hoffmann-La

Humera Malik

Canvass AI

MICHAEL BAKAIC

ESSENTIAL MEASURES

SIMPLE AND ESSENTIAL

Professional Development Series

CEO & Founder, Iceberg Cyber

MICHAEL BAKAIC

GREG KONIECEK

CYBERSECURITY MEASURES

MARCH 27, 2024

DEVELOPMENT COMMITTEE

BAKAIC Founder, Cyber

TEJ KHACHH

CEO & Founder, Iceberg Cyber

MBOT PROFESSIONAL DEVELOPMENT COMMITTEE

GREG KONIECEK

KHACHH Consultant, Economic Office

GROWING YOUR BUSINESS WITH SIMPLE AND ESSENTIAL CYBERSECURITY MEASURES

IT Client Service Partner, S+C Partners LLP

TEJ KHACHH

GREG KONIECEK

CEO & EXECUTIVE SERIES

CYBERSECURITY FOR

FROM THE CORNER

SMALL BUSINESSES

OFFICE

CYBERSECURITY FOR

BUSINESSES

panel will focus on important and simple small businesses to implement cybersecurity measures that will enhance privacy and security of your data. We will this from a positive perspective highlighting the fact that you can use these build your company's reputation as takes privacy and cybersecurity

on important and simple businesses to implement measures that will enhance security of your data. We will positive perspective that you can use these company's reputation as privacy and cybersecurity

ANTHONY LONGO

DATE: Tuesday, April 9, 2024

SCHEDULE:

MEEGAN MORRIS

GREG KONIECEK

IT Client Service Partner, S+C Partners LLP

MEEGAN MORRIS

8:00AM | Registration & Breakfast 8:30AM | Fireside Chat 9:30AM | Networking

SPONSORS:

Good Morning Mississauga (GMM)

APRIL 10, 2024 SERIES

Series

Sponsors:

MONTHLY BUSINESS

NETWORKING

APRIL 11, 18, 25, AND MAY 3, 2024

SPONSOR

CYBERSECURITY ESSENTIALS TO PROTECT YOUR BUSINESS INFORMATION WEBINAR

Webinar

APRIL 17, 2024

MBOT is delighted to invite you to our monthly Good Morning Mississauga Business Networking Session. This event promises to be one of valuable connections, insightful conversations, and new opportunities.

Features:

Breakfast Networking

Opportunity to book 2-minute Business Profile Presentation, connect with our events team to book a slot!

The digital landscape is evolving rapidly and cybercriminals are employing increasingly sophisticated methods to breach your digital defences. In this important webinar, Partner and IT expert Greg Koniecek will navigate you through the current cyber threat landscape, emerging trends, and the best practices to protect your business, including:

MARY ANN YU FIRESIDE CHAT WI

The latest cybersecurity threats and real-world examples of recent attacks

April 10, 2024 7:30 - 9:30 AM

Practical steps for creating a robust cybersecurity framework within your organization

The rise of AI and Quantum Computing in cybersecurity

Implementing Zero Trust security models and blockchain for enhanced security

Navigating legal and regulatory considerations

Future-proofing your business against cyber threats

Greg will also discuss the importance of employee training, data backup strategies, multi-factor authentication, and encryption to fortify your business's defenses.

SPONSORS:

AWARD SPONSORS

RECEPTION SPONSOR: DINNER SPONSOR:

RECEPTION SPONSOR:

CLAIRE FAN

Economist, Royal Bank of Canada

REIGNITING BUSINESS INNOVATION IN MISSISSAUGA

DR. MUTHANA ZOURI Dean, Pilon School of Business Sheridan College

We all know the ability to think differently is critical to innovation. But have you considered the value of different thinkers?

Whether it’s through objective analysis, market research, cutting-edge tactics, resources or reskilling and upskilling, Sheridan’s Pilon School of Business offers a variety of ways to reignite your organization’s innovative process.

Applied learning projects

Many of our diploma, degree and post-graduate programs work with businesses each semester to help resolve a real-world problem.

For example, Sheridan’s Advertising Account Management and Project Management students regularly devote their capstone projects to providing companies with fresh ideas to improve their sales funnel, website, market visibility and more. Past clients have included Canadian Tire, McDonalds and Premier Paint, but students in these programs are also eager to put their skills into practice with smaller businesses, entrepreneurs and nonprofit organizations.

In fact, Mississauga-based charity iPOTS (Improving Postural Orthostatic Tachycardia Syndrome) has benefited from multiple partnerships with our programs. Most recently, PSB students explored the feasibility of using podcasts to increase iPOTs’ visibility, providing the charity with market analysis, potential podcast topics and guests, a list of software and hardware requirements, and more.

Support through EDGE

EDGE, Sheridan’s entrepreneurship hub, offers high-value connections, services and resources to help social impact businesses succeed. You can access the entrepreneurial ecosystem in the west Greater Toronto and Hamilton Area, get advice from industry experts, and meet a curated community of entrepreneurs, academics and purpose leaders. There’s also programs, workshops and events tailored to any stage of your company’s development and any level of business experience.

In addition to supporting local entrepreneurs and small business owners, EDGE triages partnership requests to appropriate programs across PSB — connecting you with students who can support your needs through applied learning projects.

Upskilling and reskilling

Teaching new approaches and strategies is yet another way PSB can support your business needs and spark innovation.

Our programs are built to accommodate the busy lives of working professionals, offering part-time studies and flexible delivery options. Most of our postgraduate certificates can be completed in just one year, helping you apply business thinking to your existing area of expertise. You may also be able to upgrade a previous diploma or advanced diploma to a degree through our Sheridan Online program.

There is ongoing work in determining how best to provide our students with the AI skills that they will need to succeed.

Reach out to us

Whether you’re a company needing assistance with a challenge, an entrepreneur with an idea or a professional looking to enhance your education, we can help. Reach out to us today at askpsb@sheridancollege.ca to discuss how Pilon School of Business can support your business innovation needs. 

The Power of Digital Twins: Transforming Industries

Marc Poirier President, Producer Leo Pixel Studios

What is a digital twin?

In the ever-evolving landscape of digital technology, the concept of the digital twin stands out as a revolutionary advancement. At its core, a digital twin is a virtual replica of a physical entity, system, or process. This digital counterpart allows for real-time simulation, analysis, and optimization, bridging the gap between the physical and digital worlds. As industries continue to embrace digital transformation, the implementation of digital twins is becoming increasingly prevalent, offering a myriad of benefits that drive efficiency, innovation, and growth.

In manufacturing, digital twin enables predictive maintenance, reducing downtime and extending the lifespan of machinery.

By creating virtual models of patients, healthcare providers can simulate treatments and predict outcomes with greater accuracy.

By modeling entire cities, planners can analyze traffic patterns, energy consumption, and environmental impact, ultimately leading to more sustainable and livable urban environments.

The aerospace industry: By creating digital replicas of aircraft, engineers can simulate flights, test new designs, and monitor the performance of individual components not to mention the training benefits.

Advantages

There are many use-case and advantages to using digital twins, but one of its main advantages is improved decisionmaking. Digital twins provide a comprehensive view of systems and processes, enabling stakeholders to make informed decisions based on real-time data and simulations. This leads to increased efficiency, reduced risks, and optimized performance across various operations.

Furthermore, digital twins foster innovation by allowing for virtual experimentation. Organizations can test new ideas and strategies in a risk-free environment, accelerating the development of products and services. This agility is crucial in today’s fast-paced market, where staying ahead of the competition requires continuous innovation.

Conclusion

Digital twins represent a powerful tool in the digital transformation toolkit, offering transformative benefits across multiple industries. From manufacturing and healthcare to urban planning and aerospace, the adoption of digital twins is driving efficiency, enhancing decision-making, and fostering innovation. What’s your twin needs? Contact us to get more information on our digital twinning solutions.

COSTI EMPLOYMENT SERVICES

Boost Your Business

WITH WAGE SUBSIDIES THROUGH COSTI MISSISSAUGA EMPLOYMENT CENTRE

Are you a business owner in Ontario looking to grow your team but finding the hiring process time-consuming and costly? You’re not alone. Many business owners face these challenges. Luckily, there is a solution: the wage subsidy program provided by the government of Ontario.

Every year, the Ontario government allocates substantial funds to support employers in hiring, training and retaining employees. This initiative promotes job creation and skills development while encouraging longterm employment. One key program under this initiative is the Brokered Incentive Agreement (BIA).

What is the Brokered Incentive Agreement (BIA)?

The BIA offers financial support to help cover the costs associated with hiring, training and onboarding new employees. This program provides several benefits, including cost savings, improved productivity through on-thejob training and access to new talent.

How COSTI Mississauga Employment Centre Can Help

COSTI Mississauga Employment Centre delivers the BIA program in the Peel Region. We work collaboratively with employers to meet their hiring needs by offering the following services:

Pre-screened Candidates: We match candidates to your business needs, saving you time and effort.

Skills Evaluation: We assess new clients’ skills, abilities, and interests to ensure a perfect match with your business goals.

Training Plans: We support you in creating practical work experience or on-the-job training plans tailored to your workplace requirements.

Workplace Retention Support: We help identify and resolve any workplace retention issues to align with your business goals.

Financial Incentives: We offer financial incentives to help cover costs associated with onboarding, on-the-job training and retention.

In 2023, COSTI Mississauga Employment Centre supported over 20 businesses in filling more than 40 positions through the BIA program. This initiative created a win-win situation for both employers and job seekers.

If you need to fill positions or are interested in the Brokered Incentive Agreement, contact us at mississaugaemployment@costi.org. Our services are free of charge.

Grow your business efficiently and cost-effectively with support from the COSTI Mississauga Employment Centre and the BIA program.

Funding is limited, so don’t miss out on this opportunity. Contact us today at mississaugaemployment@costi.org.

To learn more about the many services offered by COSTI, visit COSTI.org.

UNDERSTANDING THE DENTAL ACCREDITATION

Journey

IN MISSISSAUGA

The journey to Canadian accreditation can be challenging, especially for internationally-trained dental professionals seeking to practice in Canada - Understanding the level of commitment required for this path is crucial.

As the dental industry in Mississauga continues to evolve, so does the demand for highly skilled professionals who can meet the needs of our growing community. However, navigating the journey of becoming a licensed dentist in Canada is marked by challenges, especially for internationally-trained dentists.

As a part of Prep Doctors, a leading institute specializing in preparatory courses for international dental professionals, one cannot help but acknowledge the intensity of this journey these individuals sign up for. Despite being marked by challenges and hurdles, it is very clear that taking this path is a testament to these individuals’ persistence, determination, and passion.

Furthermore, it is essential to recognize the contributions that internationally trained dentists bring. Not only are they influencing the healthcare landscape with their diverse backgrounds, unique perspectives, and values, but they are also improving our daily interactions beyond the confines of the healthcare community. By promoting empathy, respect, and diversity in both

PREP DOCTORS

professional and personal spheres, they are cultivating a more inclusive and understanding community.

In 2024, Prep Doctors proudly received the prestigious Business Award of Excellence for the International Trade Award from the Mississauga Board of Trade (MBOT). At Prep Doctors, we are honoured to be acknowledged for our commitment to driving innovation and fostering growth in the community. We are proud to be a leading dental preparatory institution, having had 10,000+ graduates since our establishment in 2011. As we look to the future, we remain optimistic about the opportunities that lie ahead for internationally-trained dental professionals in Mississauga. By continuing to invest in education, training, and professional development, we can ensure that such individuals are well-prepared to meet the evolving needs of our community and make a difference in the lives of those we serve.

In closing, we extend our heartfelt gratitude to the Mississauga Board of Trade for their ongoing support. Together, we can build a brighter future for the dental industry in Mississauga and beyond.

Welcome

NEW MEMBERS OF MBOT

Achilan Decor Construction and Renovations Inc.

Air Canada

AnsidCFO

ASL Consulting

ATS Traffic Ltd.

Bath Fitter

BioPed Mississauga North Footcare & Orthotics

BIT Incorporated

Brampton Venture Zone by TMU

Breakwater Vantage Inc.

BRKFREE

Building Bridges Psychotherapy

Cirque Du Soleil/ ECHO Tour

CostSense

eCycle Solutions

First Partner Commercial Realty Corporation, Brokerage

Gay Lea Foods

Godspeed Group

Hadidy Holding Company Ltd.

HBNG Holborn Group

High-Tier Construction Inc.

IRIS The Visual Group

JMR Personnel Services Ltd.

Keen Services Inc.

Kinga Sharma Mortgages

Lanware Solutions | 3S International

Leap Digital

Leo Pixel Studios (11844733 Canada Inc.)

Lexaltico LLP

Maharaja Bhog Restaurant

Marinkovski Insurance and Financial Services Inc.

Mississaugas of the Credit First Nation

MortgageswithAnsh

NORM Fasteners

Open Toronto

Paraffin Store Limited

Reasoned Strategy Law Firm

Rotman School of Management

Schooley Mitchell

Source Tech Canada

Superior Presentations

Tapas Bagchi c/o IG Wealth Management

Titan Tek Biz

Trexo Robotics

WHAT OUR FACTORING PROGRAMS DO FOR OUR CLIENTS:

•

Improve Cash Flow and Reduce Credit Risk

Reduce employee workload by outsourcing credit checking, invoice processing and collection duties

Receive invoice payments by direct deposit when money is most needed

Have ready and available cash to pay suppliers and efficiently grow the business

Since 1989

• Cash for Invoices in 24 Hours

• No Application fees or hidden fees

• Customized low rates

• Free credit checks on your customers

• Non recourse Program (Credit Guarantee)

• Dedicated Account Executives

• Real Time Online Access

J D Factors specializes but is not limited to the following industries:

Transportation

and

CIRQUE DU SOLEIL

ECHO

ONE-OF-A-KIND EXPERIENCE FOR YOUR GROUP

At Cirque du Soleil, dazzling patrons goes beyond the show – it starts from the moment you walk through the gates. Whether you are looking for an event to celebrate with your team, highlight the loyalty of a long-term client relationship or plan an unforgettable date – our dedicated team can assist you in the creation of a one-of-a-kind experience that will surprise you and your guests. From its beginning, Cirque always looked at ways to redefine circus arts and we see the planning of your event as a way to enhance your experience.

“Our VIP space can be adapted for tailored events and accommodate small to larger groups, starting when you step on our beautiful site,” said Duncan Fisher, President of the Touring Shows Division at Cirque du Soleil.

Watching a Cirque du Soleil performance creates excitement and anyone that has watched a performance will tell you – you must see it to believe it. But the “wow factor” begins with our customer experience. Cirque will provide the resources you need to design the VIP experience you want your guests to have. Our dedicated staff are experts in curating a bespoke experience, replete with signature cocktails, food prepared by our in-house chef, and unparalleled service. Additionally, Cirque can provide equipment and the technology you

Cirque du Soleil ECHO, its newest big top creation, is performing through August 4th, 2024. Packed with vibrant characters, inspiring music, astounding lights and projections, and never-before-seen acrobatics, ECHO brings audiences on a journey through a universe of color, wonder, and infinite possibilities. After opening with a sensational premiere run in Montreal, selling over 280,000 tickets, it is Toronto’s turns to enjoy all the magic the new Cirque du Soleil show has to offer – and all of which through its signature VIP experience.

need to make a speech or corporate presentation. The Cirque du Soleil VIP lounge is immersive from the decor and music to the food and drinks chosen to draw the attendees into the world of ECHO. The experience also includes visits from cast members and opportunities for selfies which helps bring the show off the stage and into the VIP area.

“The VIP lounge is an extension of what guests are experiencing on the stage,” explains Duncan Fisher. “As soon as guests enter the Big Top, they are surrounded by live entertainment. The VIP lounge further extends that.”

A VIP EXPERIENCE LIKE NO OTHER

We all want to live and experience unique moments to create fond memories, and Cirque knows how to entertain a crowd, especially when it comes to its VIP experience. The redesigned VIP tent can welcome your organization, partners and employees inside an airconditioned lounge space to celebrate, treat and delight your guests.

“There is no experience that replaces seeing and collaborating with your colleagues, partners, friends or loved ones (and showing them) how much they mean to you than by hosting an inperson event for them,” said Fisher.

The VIP experience will also allow you to taste locally-sourced food prepared by the Cirque touring chef, strike a pose with our artists in a beautiful setting, access the best seating which takes you close to the action, and inspire your team creatively in many ways.

THE LATEST BIG TOP CREATION

Cirque du Soleil brings modern and surprising twists under the Big Top with ECHO, a story of connection, intention, and the sacred bond between humans and the animal kingdom. When FUTURE (the protagonist) and her best friend the DOG stumble upon an enigmatic CUBE, they set in motion a journey of life, discovery, hope, and empathy, quickly learning how their actions have the power to shape this world.

As Author-Director Mukhtar Omar Sharif Mukhtar says, “I think it’s important when people come to ECHO to be blown away by the performances and acrobatics, and at the same time, I want them to leave feeling empowered.”

“It’s incredible to watch our performers accomplish such amazing acrobatic feats,” added Duncan Fisher. “The Big Top offers such an intimate setting that we immediately feel immersed into the world of ‘ECHO.’”

Come see for yourself - ECHO will be presented under the Big Top in Toronto through August 4th, 2024.

UNDER THE BIG TOP, LAKE SHORE BLVD WEST, TORONTO