A new labor-sponsored venture capital fund has been created in Saskatchewan.
The mandate of the Golden Opportunities Fund Inc. is to invest at least 75 percent of its funds in businesses in Saskatchewan.
It is the first fund of the type approved under the province’s Labor-Sponsored Venture Capital Corporations Act. It is sponsored by the Construction and General Workers’ Union, local 890.
Investments in the fund offer a 20 percent provincial tax credit (to a maximum investment of $5,000) and a 15 percent federal tax credit (to a maximum investment of $3,500.)
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New hog barn opens
Saskatoon newsroom
Horizon Pork Producers has opened a 2,400-sow farrow-to-finish hog operation at Dinsmore, southeast of Rosetown, Sask.
One site is composed of breeding, gestation and farrowing barns. Four nursery barns that will house 2,200 pigs each, have been built on a second site about eight kilometres away.
Horizon is a joint venture of local investors and Heartland Livestock, a subsidiary of Saskatchewan Wheat Pool.
The next project for Horizon will be to select the sites for its feeder barns. Two will be built, turning out a total of 55,000 commercial pigs a year, said Terry Blumer, chair of Horizon Pork Producers.
