Michelin Development Summary

 

After providing loans to 20 start-up, small- and medium-sized companies in the amount of $2,970,286, potentially creating 859 jobs in our community, the active phase of the Michelin Development Program, in the Waterloo Region, will be winding up on May 19, 2009 . We will continue to have a presence in the community and will continue to work with our partners and entrepreneurs in the coming years.

 

I am pleased to say that the community interest and involvement in this program has exceeded our expectations. On behalf of the Steering Committee of Michelin Development, I would like to thank all of our clients, partners and stakeholders for their strong support over the last three years. Our collaboration has achieved some amazing objectives as we focused on creating jobs and the economic well being for the Waterloo Region.

 

Best wishes for continued economic success and growth!

 

John D. Tully

Director, Michelin Development (Canada) Inc.

john.tully@ca.michelin.com