Skyscraper

Signature Ad

Marlin Travel

Signature - McCullough

Badanai

Big Box - TB Television

Opinion
Click here to see more
Subscribe

Community Calendar
Click here for full listings.

Poll
A pro-waterfront event centre group plans to host a May 10 barbecue and boot hockey game at the Water Street bus terminal to show support for the downtown location. Will you attend this rally?



Total Votes: 402
View Results Past Polls

User Submitted Photo Gallery
Submit Your Own Photos
2011-05-27 at 9:00 AM

Editorial: Global Sticks is better late than never

tbnewswatch.com
NO FEE! NO FUSS!Finally... Prepaid credit cards with NO transaction fees! Find it at Xtra Cash!Click here for full list of services
Count us among those saying congratulations to Oliver-Paipoonge’s latest business success.

Although it took much longer than planned, on Tuesday Global Sticks shipped its first load of popsicle sticks, perhaps setting a precedent in the process.

The company, which originally operated out of China, made a bold move and transferred its operations overseas to Northwestern Ontario, a positive sign for an economy decimated by disappointment in recent years.

The decision, combined with Global?Sticks joining forces with Stormax, means up to 145 well-paying jobs for people in the Thunder?Bay area.

These are jobs that until recently had gone to underpaid workers in?Asia.?It goes to show that Canada, and Northwestern Ontario in particular, can compete in the global marketplace.

Yes, the province chipped in about $5 million to the project, but it’s a solid investment that should reap them dividends for years to come.

The sad news in all of this is the difficulty the company had securing financing.

Lending institution after lending institution turned them down, until they convinced two, including a local credit union, to take a chance. If the region is going to recover, we need more risk-takers to ensure it happens.


Click here to report a typo or error

Tbnewswatch.com(1)

iCar

Comments

We've improved our comment system.
hockeyskates says:
I will do my part by consuming many Popsicles this summer. If we get a summer.
5/27/2011 1:40:05 PM
Comments for this story are semi-moderated. Read our comment guideline.

Add a new comment.
You must log in to add comments.
Create a new account
Forgot password?
Log In
 
 
© 2014 Dougall Media.