Experts warn of perils in federal-municipal funding arrangements

Many cities are trying to replicate the innovation boom that happened in California's Silicon Valley and, to a certain degree, in Ontario's Kitchener-Waterloo region.
While people like Ottawa Mayor Jim Watson are keen on getting access to federal funding for infrastructure and innovation, some experts are urging caution on funding arrangements between municipalities and the federal government.
When the federal government has money to spend on innovation, municipal leaders are often quick to vie for some of it in hopes of creating their own local hubs of innovation. Many cities are trying to replicate the innovation boom that happened in California's Silicon Valley and, to a certain ...

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