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\Ljununuod horn W 1) pension. and for legal costs arising from mergers or acquisi- nuns. The federal govern- ment will also provide Interest-free loans of up to Mt per cent of eligible expansion costs including the at» quisition. construction, expansion. modifiea, tion or conversion of machinery. equipment or buildings. To qualify for loans under ILAP, Koski said, total eligible capi- tal and pre-production expenses must be at least $t00,000. Assistance is avaii- able through the pro- gram to firms in diffi- culty due to production or market decline or inefficient production methods; to companies wishing to expand operations to take ad- vantage of new mar kets; and to firms out, side the K-W area wishing to establish operations in the Twin Cities. Projects eligible for assistance must show financial viability. offer benefit to the area. and must be such that they could not be carried out if govern- ment assistance were not available. lLAP will not "set up a firm that would only compete with another firm in KW" already adequately serving the existing market and "will not give aid to start up companies in an industry sector which is already operating at overea- pacity in the country." said Koski. City firms get boost Companies interest- ed in this program must fill out an appli- cation form, available By Karla Wileeler As the old adage sctri. nothing is as constant ah change. And this is exactly what urganizvrs of the city"s anniversary year oslebratiom, have been experiencing lately The committee was wt up last year to r0 ordinate the many special activities planned fur 1932. the. 12sth anniversary of when Waterloo ugh declared a muniu pality _ A thumb also the committee publisht'd and distributed u mlvndar of "vents. and already therv have ln-vn many change, Just recvruly. a major blow struck the l25lh plans with the annuunrvmrnt that thc wu-n day Canadsan Hot Air Balloon Championships, \I'Iu‘dulc-d In takc plan- in Waterloo this August, had In lw run cvlled “I was disappotrutsd." said “rm r Lumsdrn, ('hnlrman of thc co uranium”: ICs final The Canadian Hot Air Balloon Championships will not he held this August in Waterloo. as previously planned by the 125th anniversary ("in or dinaling committee According to Jack Middlemass of the Waterloo Chamber of Commerce, “it was just a tragedy of circumstances" that caused the cancellation The chamber had established a special organization, the Waterloo Lighter Than-Air Associa lion. to (worse-e arrangements tor the own! As many as so balloonists were oxpect ed to participate in tho 's6'VPtt day cham piomihips. and local omcialr, ostimated the national event would draw anywhere from 200.000 to 350.000 people Balloon championships cancelled 125th events: the list keeps growing at the program's tem- porary quarters in the Kitchener Chamber of Commerce, 67 King St. E., and present a busi- ness plan outlining the scope of the project and potential markets. The final decision on whether a project is approved will be made by a special industry and Community Devel- opment Panel of the Enterprise Develop- ment Board. In all instances. Koski said, the board is looking for projects where the sponsor con tributes one third of costs. The Department of Industry, Trade and Commerce anticipates that one job will be created by every $20,000 of funding pro- vided. According to Koski, the federal government will not ask for loan repayment until the company “can com- fortably carry it." For loans covering consultation costs. he said, it could take be- tween four to six weeks from the time the ap- plication is submitted for approval to be granted. Loans relating to capital expansion, on the average, require three to three and a half months to be pro- cessed. Koski expects that the program "will get hit with a heavy rush tri applications in the next three months. "K-W has the strong- est starting base of any ILAP community to dale." he commented. Loan money, Koski added. will be allocat, ed on a "first-come, first-serve basis," and Kitchener-Waterloo firms have an equal vommittee "it would have been a spectacular thing. ICs [on had it had to be squashed. BT Howtsvor, as Lumsden quickly pointed out, “it will still be a gond year," and changes to the ralendar of events ior the remaining months of 19tt2 include many more additions than ranrellations “I am just amazed at the ideas (for community (Arms) that keep bubbling forth from everyone." he null'd "itrte' of the "tings the committee wanti-d lo do is 511-! peurple involved It Just lumulvs my mind that people arr picking up on that from individuals l0 orKanLrations." he ootinued Some of the major changes arid additions lo the "vents' schedule begin In May Fur mstitnce. the University of Waterloo ll'WL which n "clcbratinp, its 25th annuu-rxary this yvar, is hosting att International Children's Festival from Hut as the Lighter Than Air Axun'lil tmn began finalizing plans, it became "xtremely difficult to find sponsors, Middlemass said. “I am not pointing the finger at any one." he explained, "but an event like that costs approximately 875,000 And there was no great rush of money com "In " Corporate sponsors became reluctant to commit themselves. he noted. after area farmers registered their concerns about having balloons flying near their livestock Financing the event would have re quired one major sponwr and many other companies' support as well "W0 tested the waters" for corporate support, chance with the other eight designated enm- munitles new Can- ada at the $125 motion. The second compo- nent, the labor assis» tance program, is geared to the automo- tive industry and will provide help to local workers currently un, employed because of cutbacks in the indus, try, Companies designat- ed to participate in the program are rubber and glass firms im volved in the auto in dustry and companies manufacturing motor vehicle parts and no cessories. The program. ex- plained Bill Clarkson, ILAP field co-ordina- tor. Hmployment and Immigration Canada, offers a portable wage subsidy, using a 12- Carroll said that from Waterloo*s point of view it is impossible for the route to be in service this year. - (Continued from page 1) vials believed the route to be "stalled" after the last committee meeting. "As far as we were concerned the report had been put on the shelf." she said. "But, all of a sudden there it is." "We took the money out of the budget," she explained. "As far as We are con- cerned there is no money in the budget for this route in '82. Even ifthe money were there, the mayor said, it is "debatable" whether the route would receive Waterloo's support. As proposed. Carroll maintained. Route 14 "didn't look feasible." The length on one trip, estimated to be 30 minutes, she said. would actually discourage ridership. "There is no question there is going to have to be transit service on the west side of the city," she said. "but whether through that route, is debatable." John Webster. commissioner of trans portalion services for Kitchener Transit will appear before Waterloo council ttext Monday to discuss the proposed Route It, Bus route month, $2-per-hour voucher payable to an employer hiring unem- ployed area auto workers;' funding for projects to provide meaningful employ- ment for people who have exhausted unem- ployment insurance benefits; early retire- ment for those unem- ployed between the ages of 54 and 65 at time of layoff who have exhausted unemploy- ment insurance bene, fits and job retraining. Employers interest ed in these programs should contact the ILA? co-ortiinator at the Cana.da Employ- ment Centre, 232 King St. N., Waterloo, “The program should put a lot of people back in the workplace." said Clarkson. This eight-day feast of childrvrt's I-n tertainment will feature 3t perfor mances, many ot which will be open free of charge to the public During the holiday weekend, UW's Campus will be transformed into what organizers call "a festive pleasureland for kids and fami lies." As _ " has formed the Walt-rum ('I-lvhrutiun Theatre Company (WCTC). which will he active In the rmumuniI} from May until Nun-mbvr hoping to gr! ahout $730 from many oNppanivs who would put their corporate name on a balloon." But the response "was not that great." he added. May 1926. “It could have been very exciting lo have hosted this event." Middlemass said. "The co-operation within the city would have been excellent." The WCTC will perform the historical play Emma Orr as well ax Anrw Chisslett's Ituict in the Land Ciept 2.l 2.5). and pn-wnl an original play written by And if the Lighter Than Air Assoria tion had more time, “we could have overcome the farmers' rum-ems and problems." he maintained "We Just ran out ot time.“ he added, “If we were tn give other centres which were interested in hosting the event an opportunity at running with it, we couldn't wait 'til August I (to hack out) Canadian playwright James Rvaney alum! Watvrloo Ctutrrty"s history Also in May. who”! rhildn-n thrmmh uul th" city will rt'H-Iw- " H'MHIH‘Q'x Warning kit containing various informa Dean Nadan, representative of the University at Waterloo Federation of Students, receives a big thank you from Bunny Waechter of the Ontario March of Dimes tor the federtttiort'tt help in financing a second printing of a March of Dimes pamphlet on Travel Tips tor individuals confined to wheelchairs. Since its publication last year orders for the pamphlet, which was quickly sold out, have been received from across North America and from as far away as Australia. (Photo by Melodee Martinuk) STUDENTS HELP our WATERLQQ QIQNICLE Wanted a parade organizer If you know “mu-om- with organizational skills who has time lo spar" and a desire to provide a service to the community. the city's 125th (“nominating committee wants to hear from 'ou Bruce Lumsden. committee chairman, said in a recent interview that the parade which was lo kick off Waterloo Days in June in now "up in the air because we are having trouble getting a person to head it up Many local organizations are interest ed in providing bands ur floats for the parade. Lumsden said, but "we have to tell them we think it's on .. we're not sure." since an organizer hasn't yet been found. tion about Waterhto's history. Lumstivn said "it's a way to not information into the schools. to involve the children" in litoth activities. t'hildren's art depicting the rily‘x heritage will be displayed in merchants' windows during May ax Wo-ll. l.umsdvn said H yr' mun-d 'u Lmuv al, The job of pulling the parade together is a big one, said Lumsden, involving logistics such as “obtaining permits. clearances and organizing people tt Anyone interested in tackling the job should contact Waterloo Alderman Jim Erb. chairman of the l25th special events sutrcommittee Parade organizer needed BE QNQQAL APR»; 21,3981 1855:? (Luv "mu-d m mun 4’