Ontario Continues to Invest in Long-Term Growth and Job Creation

Government of Ontario Logo 300x150

July 11, 2022

 

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued this statement following today’s monthly employment release by Statistics Canada that showed employment in Ontario decreased by 24,700 in June.

“After several consecutive months of job growth, today’s news is a reminder that the government’s efforts to attract job creators to our province is now more important than ever.

Our government, led by Premier Doug Ford, will leave no stone unturned when it comes to building the infrastructure necessary to unlock the full potential of the province’s economy. This includes highways, transit and the road to the Ring of Fire.

Since taking office in June 2018 our government has added 531,000 jobs, but we still have work to do. With existing challenges, including an uncertain economic global climate, it’s all hands on deck. Now is the time for unity and working together.

By reducing the cost of doing business in the province by $7 billion a year and injecting hundreds of millions of dollars into Ontario’s venture capital ecosystem, we have created the best possible conditions for businesses to grow.

As a result, over the past 18 months Ontario has welcomed the highest amount of private-sector venture capital investment in our history. We’ve attracted over $2 billion from global biomanufacturers to produce next-generation medicines and vaccines, as well as $14 billon by global auto and electric battery manufacturers to build the car of the future.

Ontario will continue building on this momentum. We will continue to create the right conditions for businesses to innovate, grow and attract game-changing investments that are creating jobs – and building a better future for Ontario.”

 

 

Source

 

Related Articles


Latest Articles

  • Rockwell’s Three Smart Factory Trends that Pay Big Dividends

    February 13, 2025 Networked motor control center technology accelerates ROI, productivity, savings & safety. Rockwell Automation has seen manufacturers around the globe investing billions of dollars in smart manufacturing and production plants. Industry experts project the demand for smart factories will double by 2032 to $322 billion because of the increased return on investment. At the heart… Read More…

  • Tariffs – Can You Look Within? 

    February 12, 2025 OPINION By Swathi Mohan, Founder of Leanacle Inc. I was standing backstage at a company townhall, running through my talking points, but my mind was elsewhere. Will they be engaged? Will they relate to what I’m saying? What if I lose them halfway through?  The more I thought about it, the more anxious… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products

  • POSITAL Announces Ultra-Heavy-Duty Absolute and Incremental Rotary Encoders

    February 12, 2025 POSITAL has introduced a new series of IXARC rotary encoders designed for applications where high shaft loadings may be encountered. With heavy-duty housings and shaft bearings, these units are designed to withstand radial shaft loads of up to 350 N (80 pounds) and axial loads as high as 250 N (56 pounds),… Read More…

  • POSITAL Announces Upgrades to IXARC Incremental Rotary Encoders

    February 12, 2025 Higher resolution opens possibilities in new application areas POSITAL has enhanced its IXARC family of incremental magnetic encoders, increasing the maximum resolution to 32,768 pulses per revolution (PPR). This upgrade includes new phasing options, offering a choice of wider index (Z) pulses, making it easier to replicate the features of older encoders… Read More…