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Ont. Liberals – Our Province Second Only To California For Foreign Direct Investment

Today Minister of Economic Development and Innovation Brad Duguid announced that Ontario is partnering with companies for projects that will help create 550 new jobs and protect 1,056 existing jobs for families. The province is supporting company investments which will create new jobs for families, help spur growth and strengthen local economies.  These new jobs build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.

Ontario Helps Create Jobs
McGuinty Government Partners With Companies To Strengthen The Economy
NEWS October 27, 2011

Ontario is partnering with companies for projects that will help create 550 new jobs and protect 1,056 existing jobs for families.  The province is supporting company investments which will create new jobs for families, help spur growth and strengthen local economies.  These new jobs build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.
In the face of global economic uncertainty, Ontario continues to provide strong and stable business conditions which are helping companies create jobs with new
investments across the province. Partnering with local businesses and supporting business is part of the McGuinty government’s plan
Silo Direct Link to Ontario Government Budgets Website  in moving forward to create and support new and existing jobs across the province.

QUOTES
“The foundation of Ontario’s economy is our skilled workers and innovative companies.  Our government will continue its proactive approach to partner with business and industry. We will invest strategically to help companies grow, create jobs and help Ontario progress in this period of economic uncertainty.”
– Brad Duguid, Minister of Economic Development and Innovation
QUICK FACTS
*                     Since October 2003, Ontario has created 524,100 new jobs.

*                     In 2010, Ontario was named a top destination for foreign direct investment in North America, second only to California. The province attracted a total of 127 Foreign Direct Investment projects, which created more than 11,200 jobs.

*                     In June of this year, Ontario created more jobs than the rest of Canada and the United States combined.

*                     KPMG calculates that Ontario has an 11.3 per cent cost advantage for research and development relative to the United States.

*                     As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.

LEARN MORE

Read Ontario’s Progress Report 2011
Silo Direct Link to Ontario Governments Progress Report Website Check out government-funded programs and services.

Visit the Ministry of Economic Development and Innovation’s Silo Direct Link to Ministry of Economic Development and Innovation Website  website for comprehensive economic and trade news, including a toolkit for businesses.
Andrew Block, Minister Duguid’s Office, 416-276-0511
Neil Trotter, Communications Branch, 416-325-6716
Silo Direct Link to Ontario Governments Economy News Website

Disponible en français
NOUVELLES
Ministère du Développement économique et de l’Innovation

L’Ontario contribue à la création d’emplois
Le gouvernement McGuinty fait équipe avec des entreprises pour renforcer l’économie
NOUVELLES                                                                           Le 27 octobre 2011

L’Ontario fait équipe avec des entreprises en vue de réaliser des projets qui permettront de créer 550 nouveaux emplois et de protéger 1 056 emplois existants
pour les familles. La province aide les entreprises à faire des investissements qui créeront de nouveaux emplois pour les familles, stimuleront la croissance et renforceront les économies locales. Ces nouveaux emplois s’ajoutent aux quelque 97 700 nouveaux emplois nets qui ont déjà été créés en Ontario depuis le début de l’année.
Alors que la situation économique mondiale est incertaine, l’Ontario continue d’offrir aux entreprises un environnement solide et stable qui les aide à créer des
emplois en faisant de nouveaux investissements dans toute la province. Faire équipe avec des entreprises locales et donner du soutien aux entreprises sont
deux éléments du plan du gouvernement McGuinty de créer de nouveaux emplois et de maintenir les emplois existants dans la province.
www.fin.gov.on.ca/en/budget/ontariobudgets/2011/index.html
CITATION
« Les travailleurs spécialisés et les entreprises innovantes constituent le fondement de l’économie ontarienne. Notre gouvernement maintiendra sa démarche
proactive en faisant équipe avec les entreprises et l’industrie. Nous ferons des investissements stratégiques pour aider les entreprises à prendre de l’expansion, à
créer des emplois et à contribuer à la croissance de l’Ontario en cette période d’incertitude économique. »

– Brad Duguid, ministre du Développement économique et de l’Innovation

FAITS EN BREF
*                     Depuis octobre 2003, l’Ontario a créé 524 100 nouveaux emplois.

*                     En 2010, la province de l’Ontario figurait au deuxième rang des principales destinations pour les investissements directs étrangers en Amérique
du Nord, après la Californie. La province a attiré au total 127 projets d’investissement direct étranger qui ont créé plus de 11 200 emplois.

*                     En juin, l’Ontario a créé plus d’emplois que le reste du Canada et les États-Unis combinés.

*                     D’après KPMG, l’Ontario dispose d’un avantage de 11,3 % au niveau des coûts par rapport aux États-Unis en matière de recherche-développement.

*                     Par suite des modifications fiscales apportées en Ontario, les impôts sur les investissements des entreprises ont été réduits de moitié, ce qui rend la province plus compétitive et favorise la croissance des entreprises.
POUR EN SAVOIR DAVANTAGE
Consultez le Rapport d’étape 2011
http://www.ontario.ca/fr/initiatives/ProgressReport2011/ONT05_039201.html  de l’Ontario.
Renseignez-vous sur les programmes et services financés par le gouvernement http://www.ontario.ca/fr/business_program/index.htm  destinés aux entreprises
ontariennes.
Visitez le site Web du ministère du Développement économique et de l’Innovation http://www.ontariocanada.com/ontcan/1medt/fr/home_fr.jsp  pour obtenir des
nouvelles détaillées sur l’économie et le commerce, ainsi qu’une trousse destinée
aux entreprises.

Andrew Block, bureau du ministre Duguid, 416 276-0511
Neil Trotter, Direction des communications, 416 325-6716
www.ontario.ca/economie-nouvelles

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Comments

One response to “Ont. Liberals – Our Province Second Only To California For Foreign Direct Investment”

  1. Ernest Horvath Avatar
    Ernest Horvath

    Most foreign investment is in the “Environment” industry.
    The investments coming into Ontario to take advantage of selling you power at 3 to 15 times conventional rates is without a doubt enormous.
    But there is a reason.
    As a farmer , if you could sell your crops to Ontarians for 3 to 15 times the prices grocery stores sell it the public for and the public would have to purchase your product first above all others before they could buy the same product others sell…well you would have a pretty good deal going.
    That is the foreign investment going on and why there is foreign investment flooding Ontario.
    You have a captured market , in a monopoly , with protected sales above all others at inflated prices far above what the necessary product is sold for.
    No surprises here now is there?
    The problem with the investment flowing into Ontario is that it is a Vampire Economy. In order for this industry to survive it sucks the financial life out of other industries and the people that must buy the product while this industries grows fat and strong…at the end of the day taking the profits out of the country .
    It should also be for the good of the people that pay for it. Not just foreign corporations.
    You should also know that California went full steam ahead mirroring Ontario with their energy policy and is all but bankrupt.
    I am not against a good environmental policy , but it must be financially responsible , results based , transparent , void of PR spin , and not destroy more jobs than it can create.
    Unfortunately , 2-5 jobs are lost in traditional manufacturing for every job created in the alternate energy industry.
    Hundreds of Millions of dollars of your tax dollars have been redirected from important services they were intended for , to support and entrench the Environment Industry and for profit Energy Business.
    Not much to celebrate .
    It means prices are going higher , heat , power , gas and taxes will be more….
    All in a middle of a global recession when cost should be going down.
    Instead with all the touted foreign investment the Ontario Government is claiming….why is it everything keeps costing us more and more and more?
    Guess that’s why they call it a Vampire Economy.

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