Tag Archives: www.ontario.ca

Culture

Ontario takes actions to eliminate deficit- LCBO headquarters for sale, will end public funding of horseracing

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Ontario will end tax payers subsidy of horseracing and sell the LCBO headquarters in its efforts to combat the provinces deficit

Ontario’s newest actions to eliminate the deficit are critical to job creation and economic growth, says Minister of Finance Dwight Duncan. The Ontario government is moving forward with a responsible plan to eliminate the deficit so that more jobs are created and the economy continues to grow.

Since the introduction of the 2011 Budget, growth in the global economy has slowed. This means additional steps must be taken to slow down the rate of growth of government spending in order to keep the plan to eliminate the deficit on track.

Ontario Finance Minister Dwight Duncan outlined today the next steps in the government’s plan to eliminate the deficit. These steps will give Ontarians better value for money and lead to improved public services.

The LCBO headquarters, currently located on some of the most valuable, under-developed real estate in Canada, will be sold and redeveloped. A retail store will remain in the vicinity while the headquarters will be moved. The LCBO will realize ongoing savings and after the land is sold and a new, modern facility is built, it is expected to generate well over $200 million for taxpayers.

The government will move to greater involvement of the private sector in ServiceOntario through a strengthened public-private partnership. This will deliver better value for money and improve customer service for families.

Since 1998, Ontario taxpayers have been supporting horseracing with a subsidy of up to $345 million a year. The province will evaluate that subsidy given the need to continue to invest in health care and education.

Minister Duncan reiterated that the government is on track to meet its deficit target this year, and said these new measures will help ensure the government stays on track to eliminate the deficit by 2017–2018.

QUOTES
“Eliminating the deficit is essential to continued economic growth and job creation. A strong economy supports the schools and hospitals families rely on. Our plan will eliminate the deficit by 2017–2018.”
— Dwight Duncan, Minister of Finance

QUICK FACTS
 The LCBO property currently includes head office space and a large warehouse dating from 1954. It also contains a flagship store, which will be redeveloped nearby.
 About two-thirds of ServiceOntario’s in-person service locations are already operated by private sector partners.
 With 17 locations, Ontario has more racetracks and provides more public funding than any other place in North America. The cost of the current horseracing subsidy would pay for over 27,800 hip or knee replacement surgeries or provide over 9 million hours of home care.

LEARN MORE
Read about the revitalization of Ontario Place. Read http://www.ontario.ca/en/initiatives/progressreport2011/index.htm

FOR MEDIA INQUIRIES ONLY:
Aly Vitunski, Minister’s Office, 416-325-9819
Scott Blodgett, Ministry of Finance, 416-325-0324
www.ontario.ca/finance-news
*Disponible en français

Politics

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

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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