Comment 66507

By Mogadon Megalodon (anonymous) | Posted July 19, 2011 at 12:50:56 in reply to Comment 66396

Thank you for the links, Mahesh. I'm not saying that it's a foregone conclusion. I'm just saying that a company is not necessarily an unblemished good simply because it can lay claim to virtue-infused descriptors such as "educational" and "start-up". (NB: This is also true of established institutions – I'm sure there are prognostications about an "education bubble" somewhere on this site.)

Nor are they necessarily bedrock businesses: the Alexandrian Institute, which closed in the middle of a school term if I remember correctly, is best remembered as scabby residue on the face of the James/Main flank of the Sun Life building. Again, that sort of scenario is not necessarily a fait accompli, but it problematizes momentum, especially in an ecosystem that is not always kind to innovation, entrepreneurship or the constraints/dynamics of small businesses.

My earlier two more educational players downtown: the National Academy of Health & Business (12 employees, 40 students), the first applicant under the new Hamilton Downtown Office Tenancy Assistance Program; and Collège Boréal (25 employees, 125 students). But there's also no reason why these businesses would locate downtown without inducements from the government.

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