Globe & Mail: Atlantic R&D loans remain largely unpaid
“About 90 per cent of federal loans given to the first group of Atlantic technology firms under a highly touted assistance program announced a decade ago are unpaid.”
Governments should not be in the business of picking winners and losers (in this case mainly losers) in the market place. If the Government is the only one willing to invest in these businesses it is a clear sign that these are at a high risk to fail and tax dollars should not be put at certain risk. We have many of these types of wasteful assistance programs and I would guess that the track record is the same for most of them. Cut them all and then cut taxes accordingly.