The federal budget, introduced on Tuesday, promises lots of government money to help businesses.
The manufacturing and resource extraction industries as well as small businesses will see most of that. There was little mention of the tech sector and startups.
Much the spending was announced with headline grabbing numbers: $1.23 billion over five years to encourage investment in the manufacturing sector, $1.35 billion over five years to support advanced research. However, most of that money isn’t set to start flowing for at least a year and some cases even longer.