Waterloo FAI organization closes its doors

Canada's Technology Triangle (COTT) has ceased operations and its activities promoting direct foreign investment will be assumed by the Waterloo Region Economic Development Corp. For 25 years, COTT was instrumental in attracting more than 100 firms to the region, including Rimowa GmbH of Cologne Germany, which opened a high-tech facility for manufacturing luggage. With a focus on smaller firms, funding was cited as the main reason for its closure. COTT received about $1 million annually from area municipalities...