master deck - 2015-09-30.pdf
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WHY
ONTARIO?Prepared by:Global Competitiveness UnitResearch and Analysis BranchPolicy and Strategy DivisionMinistry of Economic Development, Employment
and Infrastructure / Ministry of Research and Innovation
September 30, 2015
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2 WHY ONTARIO?
TABLE OF CONTENTS
1 | ECONOMIC PROFILE
Ontario as a Percentage of Canada GDP Comparison with US States GDP Comparison with Other Countries Ontario's Regional Industrial Strengths Toronto Financial Services Ontarios Share of ForeignHeadquarters in Canada
Ontario's Economic Outlook
2 | COMPETITIVE ADVANTAGES
Location Advantage Transportation Infrastructure Educational Attainment Ontario's Strong EducationalInfrastructure
Ontario's People Risk Index and GlobalComparison
Research Infrastructure Cost of Doing Business Healthcare Costs
Corporate Income Tax Rate Comparisoni. Competitive Corporate Taxes on
Manufacturingii. Globally Competitive Corporate Taxes
Marginal Effective Tax Rate Comparisonwith OECD Countries
R&D Tax Credit
Sources of Ontarios Foreign DirectInvestment Projects
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3 WHY ONTARIO?
TABLE OF CONTENTS (contd)
3 | INTERNATIONAL TRADEPROFILE
Ontario's Goods-and-Services ExportIntensity
Exports and Imports, by Country Exports and Imports, by Product Canadas Trade Agreements
4 | LIVING IN ONTARIO
Quality of Life Languages Spoken Ethnic Diversity
5 | GOVERNMENT OF ONTARIO'SINVESTMENT AND TRADEPROMOTION
International Representation Ontarios Plan for Jobs and Growth Recent Initiatives for Investment Program Initiatives
i. Competitive Business Taxii. Opportunities for Businessesiii.Modern Infrastructureiv.Highly Skilled Workforcev. Promoting Entrepreneurship and
Innovationvi.Helping Social Enterprises Grow
and Create jobsvii.Going Global
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4 WHY ONTARIO?
ECONOMICPROFILE
1
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5 WHY ONTARIO?
Ontario: Canadas Economic Powerhouse
Ontario as a Percentage of Canada, 2014
37% GDP
39% Population
38% Primary household income
45% Financial services employment
48% ICT employment
46% Production of manufactured goods
36% Goods exports
Sources: Industry Canada, Statistics Canada, and Ontario Ministry of Finance with data from Statistics Canada, 2015
ECONOMIC PROFILE > Ontario as a Percentage of Canada
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6 WHY ONTARIO?
Ontario: The Eighth Largest Economy in North America
Top Ten by GDP, 2014 (Billion US$)
2,312
1,648
1,405
840746 663
583 572 549 483
Note: Figures in current US$. Ontarios GDP listed at PPP. Ontarios GDP at PPP was estimated as a percentage of Canadas.
Source: US Bureau of Economic Analysis, Ontario Ministry of Economic Development, Employment and Infrastructure with data from StatisticsCanada, and OECD, 2015.
ECONOMIC PROFILE > GDP Comparison with US States
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7 WHY ONTARIO?
Ontarios GDP is Larger than that of Many Countries
GDP for Ontario and Select OECD Countries, 2014 (Billion US$)
943 803
572
480 473437
397 394333 320 295 286
272 253 241 221 218
Note: Figures in current US$. GDP at PPP for all countries. Ontarios GDP at PPP was estimated as a percentage of Canadas.
Source: Ontario Ministry of Economic Development, Infrastructure and Employment with data from Statistics Canada, and OECD, 2015.
ECONOMIC PROFILE > GDP Comparison with Other Countries
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8 WHY ONTARIO?
Diverse Geographic Landscape withCompetitive Regional Industries
Ontarios RegionalStrengths
Northwestern Ontario
1% of total employment
10% of paper manufacturing
6% of mining and oil and gas extraction
2% of construction employment
6.2% unemployment rate
Southwestern Ontario
11% of total employment
63% of petroleum and coal products manufacturing
37% of agriculture employment
33% of transportation equipment manufacturing employment
6.4% unemployment rate
Northeastern Ontario
4% of total employment
57% of mining and oil and gas extraction
23% of wood product manufacturing
15% of primary metal manufacturing
7.7% unemployment rate
Eastern Ontario
13% of total employment
20% of management, scientific, and technical services
16% of paper manufacturing employment
15% of computer system design services employment
6.9% unemployment rate
Central Ontario
23% of total employment
52% of primary metal manufacturing employment
38% of machinery manufacturing employment
37% of non-metallic mineral product manufacturing
5.7% unemployment rate
Greater Toronto Area
48% of total employment71% of finance employment69% of computer system design services employment44% of manufacturing employment7.4% unemployment rate
Source: Statistics Canada, Labour Force Survey, August 2015
ECONOMIC PROFILE > Ontario's Regional Industrial Strengths
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9 WHY ONTARIO?
Toronto: The Canadian and a Global Hub forFinancial Services
TORONTO IS:
Location of 83% of the foreignbanks in Canada
Headquarters for Canadas fivelargest banks
Headquarters of seven FortuneGlobal 500 companies
Ranked fifth in North Americaand eleventh globally incompetitiveness ratings of globalfinancial centres
Home to the eighth largest stock
exchange in the world based ondomestic equity marketcapitalization
Sources: The Global Financial Centre Index 17, World Federation of Exchanges, 2015.OneSource.com, Fortune Global 500 Companies, Canadian Bankers Association, Office ofSuperintendent of Financial Institutions Canada; 2015
ECONOMIC PROFILE > Toronto Financial Services
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10 WHY ONTARIO?
Ontario is Home to the Majority ofForeign-Controlled Head Offices in Canada
Foreign Head Office Distribution in Canada, Dec 2014
Ontario64%
Rest of
Canada36%
Source: Statistics Canada, 2015
COMPETITIVE ADVANTAGE > Ontarios Share of Foreign Headquarters in Canada
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11 WHY ONTARIO?
Posit ive Economic Growth is Projected for Ontariofor the Next Few Years
Ontarios Economic Outlook (Per Cent)
2015p 2016p 2017p 2018p
Real GDP Growth 2.7 2.4 2.2 2.1
Employment Growth 1.1 1.3 1.4 1.3
CPI Inflation 1.2 2.0 2.0 2.0
Note: p: projected
Source: Ontario Ministry of Finance, 2015
ECONOMIC PROFILE > Ontario's Economic Outlook
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12 WHY ONTARIO?
2 COMPETITIVEADVANTAGE
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13 WHY ONTARIO?
142 Million Consumers within a Days Drive
Daily Two-way GoodsTrade between Ontario-
USA for 2014 Valued atC$844 million
Sources: Industry Canada, Statistics Canada and US Census Bureau, 2015
COMPETITIVE ADVANTAGE > Location Advantage
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14 WHY ONTARIO?
Ontario has a Modern, Efficient and Widely NetworkedTransportation System
Ontario TransportationInfrastructure
Airport
Border Crossing
Road
Ontario Road
Railroad
ECONOMIC PROFILE > Transportation Infrastructure
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15 WHY ONTARIO?
Ontarians are Highly Educated
Post-secondary Educational Attainment [Select Markets, 2013 (Age 25-64)]
Overall, 66% of Ontarios adult
population has completed post-
secondary education
University: 32%
College: 27%
Apprenticeship: 7%
66% 64%
55%
47%44% 42%
36%32%
19%
Note: Not all jurisdictions count apprenticeship as post-secondary education
Sources: Statistics Canada and OECD, 2015
COMPETITIVE ADVANTAGE > Educational Attainment
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16 WHY ONTARIO?
Ontarios Strong Educational InfrastructureOrganization for Economic Co-operation and Developments (OECD)Programme for International Student Assessment, 2012
Reading Scores
PISA 2009 Score
528 523
505498 496 494
Ontario Canada G8 Avg. USA OECD Avg. EU15 Avg.
Mathematics Scores
PISA 2009 Score
518 514501 496 494
481
Canada Ontario G8 Avg. EU15 Avg. OECD Avg. USA
Science Scores
PISA 2009 Score
527 525
511504 501 497
Ontario Canada G8 Avg. EU15 Avg. OECD Avg. USA
Canada is among the highest ranked jurisdictions inthe OECDs assessment of students reading, math,and science skills.
Note: OECDs Programme for International Student Assessment (PISA) compares standardized test results of 15 year-olds in 65 countries. It isconducted every three years.
Sources: OECD and Statistics Canada, 2013
COMPETITIVE ADVANTAGE > Ontario's Strong Educational Infrastructure
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17 WHY ONTARIO?
Ontario is a Leader in Recruiting and Retaining a HighlySkil led Workforce
Overall People-Risk Rankings, 2013
Rank City
1 New York City
2 Singapore
3 Toronto
4 London
5 Montreal
6 Los Angeles
7 Copenhagen
8 Hong Kong
9 Zurich
10 Vancouver
Out of 138 global cities examined, Toronto ranked third forlow risks associated with employment and redeployment.
Canadas strengths are derived from strict enforcement ofequal opportunity laws, clear government-mandated healthand retirement benefits, low levels of corruption, and thehigh quality and broad availability of training facilities.
Source: AON Consulting, 2014
ECONOMIC PROFILE > Ontario's People Risk Index and Global Comparison
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18 WHY ONTARIO?
Government Supported R&D Centres Located throughout Ontario
Medical Related Services
Centre for Excellence for Mining Innovation
Bio Energy Research Centre
Networks of Centres of Excellence (NCE)
Ontario Centres of Excellence (COE)
National Research Council Institute (NRC)
COMPETITIVE ADVANTAGE > Research Infrastructure
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19 WHY ONTARIO?
Competitive Business Costs
Overall Business Costs Index (US=100)
88.5 89.1
91.692.3
93.1 93.4 93.594.2
100
Source: MEDEI/MRI analysis, prepared using CompetitiveAlternatives.com Cost Model, 2014 version, accessed August 27, 2015
COMPETITIVE ADVANTAGE > Cost of Doing Business
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20 WHY ONTARIO?
Lower Healthcare Costs for Employers Compared to the US
Employer Health Costs for a Typical Firm (Thousands US$)
980
457
US Ontario
Average cost to employers in the USis about twice as much as it is inOntario
Note: Typical firm defined as having approximately 91 employees
Source: MMK Consulting, 2014 (Special run for MEDEI/MRI)
COMPETITIVE ADVANTAGE > Healthcare Costs
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21 WHY ONTARIO?
Competitive Corporate Taxes on Manufacturing
Combined Federal and State/Provincial Corporate Income Tax Rate in Manufacturing (Per Cent)
25.0%
32.0% 32.5%35.3% 35.6% 35.9% 35.9% 36.0% 36.3% 36.4% 37.7% 37.9% 38.0% 38.0% 38.5%
Source: Ontario Ministry of Finance, based on information as of Dec 19, 2014.
COMPETITIVE ADVANTAGE > Corporate Income Tax Rate Comparison
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22 WHY ONTARIO?
Globally Competitive Corporate Taxes
Combined National-Subnational General Corporate Income Tax (CIT) (Per Cent)
The combined federalOntariogeneral CIT rate is significantly lowerthan the average federalstate CIT
rate in the United States Ontariosmajor trading partner.
Source: Ontario Ministry of Finance, and KPMG International, based on information as of Feb 27, 2015
COMPETITIVE ADVANTAGE > Corporate Income Tax Rate Comparison
26.5% 28.2%
31.5%
39.0%
Ontario G20Average G7Average USAverage
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23 WHY ONTARIO?
Marginal Effective Tax Rate (METR) on New BusinessInvestment Lower than US and OECD Averages
Ontarios Tax Competitiveness (Per Cent)
34.7%
20.2%
16.3%
US Average OECD Average Ontario
Notes: The marginal effective tax rate (METR) takes into account federal and provincial/state corporate income taxes, capital taxes and sales taxes.The OECD METR is the average for OECD member countries excluding Canada.Sources: Finance Canada, and Ontario Ministry of Finance, based on information as of September 30, 2015.
COMPETITIVE ADVANTAGE > Marginal Effective Tax Rate Comparison with OECD Countries
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24 WHY ONTARIO?
Ontarios R&D Cost Advantage
R&D Cost Advantage (Per Cent)
28.1%
23.9%
23.3%
18.0%
17.3%
14.2%
14.1%
13.9%
0%
Netherlands
Ontario
France
Australia
Italy
United Kingdom
Germany
Japan
US
Ontario has a 23.9%cost advantage
relative to the US
Source: MEDEI/MRI analysis, preparedusing CompetitiveAlternatives.comCost Model, 2014 version. Based oninformation as of September 15, 2015.
After-Tax Cost of $100 R&D ExpenditureSmall and Medium Sized Manufacturers
R&DExpenditure
(general)
R&DExpenditure
(at eligibleOntario research
institutes)
Gross
expenditure $100.00 $100.00
Actual af ter-taxexpenditure
$54.79 $42.62
Note: based on information as of September 30, 2015.
Sources: Ontario Ministry of Finance and Canada Revenue Agency
COMPETITIVE ADVANTAGE > R&D Tax Credit
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25 WHY ONTARIO?
Ontario Attracts Investors from Many Countries
Foreign direct investment projects in Ontario by source country, 2014
COMPETITIVE ADVANTAGE > Sources of Ontarios Foreign Direct Investment Projects
US,45.13
UK,12.39
Germany,
7.08
France,
6.19
China,
3.54
India,
3.54
Denmark,
2.65
Switzerland,
2.65
Japan,2.65
Sweden,2.65 Other,11.53
Source:fDiIntelligence,April2015.
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26 WHY ONTARIO?
3 INTERNATIONALTRADE PROFILE
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27 WHY ONTARIO?
Goods and Services Exports are a Key Part of Ontarios Economy
Goods and Services Export Intensity, 2014
Gross Domestic Product
International33.6%
Interprovincial18.6%
0%
20%
40%
60%
80%
100%
International exports areequivalent to around 34% ofOntarios GDP
Note: 2014 GDP is $720,981 million
Source: Ontario Ministry of Finance, April 2015
INTERNATIONAL TRADE PROFILE > Ontario's Goods-and-Services Export Intensity
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28 WHY ONTARIO?
Ontario Trades with the World
Top Ten Trade Partners, 2014
Note: Figures for 2014. Export figures are domestic exports only (does not include re-exports)
Source: Industry Canada with data from Statistics Canada, 2015.
INTERNATIONAL TRADE PROFILE > Exports and Imports, by Country
Exports
Rank Country % Share in Total
1 United States 79.3%
2 United Kingdom 6.4%
3 Hong Kong 1.8%
4 China 1.2%
5 Mexico 1.2%6 Japan 1.1%
7 Norway 1.0%
8 Germany 0.6%
9 Italy 0.6%
10 Switzerland 0.6%
Imports
Rank Country % Share in Total
1 United States 56.4%
2 China 11.7%
3 Mexico 7.6%
4 Japan 3.0%
5 Germany 2.6%6 Korea, South 1.6%
7 United Kingdom 1.3%
8 Italy 1.1%
9 Switzerland 1.0%
10 Taiwan 0.8%
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29 WHY ONTARIO?
Ontario Trades in a Variety of Goods
Top Five Product Categories, 2014
Exports
34%
11%
9%4%
4%
38%
Motor Vehicles
Metals and PreciousStones
Machinery & Mech.
Appliances
Plastics
Electrical Equipment
Others
Imports
21%
15%
11%
4%4%
45%
Motor Vehicles
Machinery & Mech.Appliances
Electrical Equipment
Metals & PreciousStones
Pharmaceuticals
Others
Source: Industry Canada, Trade Data Online (data from, Statistics Canada, November 2014)
INTERNATIONAL TRADE PROFILE > Exports and Imports, by Product
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30 WHY ONTARIO?
Canadas Trade Negotiations and Agreements
INTERNATIONAL TRADE PROFILE > Canadas Trade Agreements
Countries with CompletedFree Trade Agreements
Countries with Free TradeAgreements Being Negotiated
Countries with Free TradeAgreements in Explo ratoryDiscussions
Al l o ther countries w ithoutFree Trade Agreements w ithCanada
Note: FTA coverage does not include WTO Agreements. The Canada-EU trade agreement (CETA) negotiations concluded in August2014 and is awaiti ng ratif ication. If approved in 2015 the CETA could be applied in 2016.
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31 WHY ONTARIO?
4 LIVING INONTARIO
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32 WHY ONTARIO?
Ontarians Enjoy a Good Quality of Life
Mercer 2015 Quality of Living Survey Index, Top Cities in North America
Rank City Country
5 Vancouver Canada
15 Toronto Canada
16 Ottawa Canada
24 Montreal Canada
27 San Francisco United States
33 Calgary Canada
34 Boston United States
36 Honolulu United States
43 Chicago United States
44 New York City United States
44 Seattle United States
Source: Mercer - Quality of Living, 2015
LIVING IN ONTARIO > Quality of Life
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33 WHY ONTARIO?
Ontarians Speak Many Different Languages
Select Languages Spoken by Ontarians
93,080 128,440 133,390140,805 140,315 147,723 178,335
251,330
499,380
685,193
1,426,540
Russian Polish Arabic Filipino German Portuguese Spanish Italian Major Chinese
languages
Majorlanguagesspoken in
India
French
Ontarios population was 12.85 million in 2011.
Source: National Household Survey (NHS), Statistics Canada, 2013 (data for 2011).
LIVING IN ONTARIO > Languages Spoken
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34 WHY ONTARIO?
Ontario is Ethnically Diverse
Ontarios Immigrant Population by Place of Birth
Asi a44.8%Europe
33.4%
United States3.2%
Americas16.1%
Africa5.4% Oceania
and other0.3%
Sources: Statistics Canada, 2013. National Household Survey (NHS)
LIVING IN ONTARIO > Ethnic Diversity
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35 WHY ONTARIO?
5 GOVERNMENTOF ONTARIOS
INVESTMENTAND TRADEPROMOTION
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36 WHY ONTARIO?
Government of Ontarios Presence Abroad
GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > International Representation
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37 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Ontarios Plan for Jobs and Growth
Ontarios Plan for Jobs and Growth
Launched in Budget 2013, OntariosEconomic Plan for Jobs and Growth is
supporting economic renewal andpositioning the province to continue itsglobal economic leadership through the21st century.
It builds on Ontarios strong economicfundamentals to focus governmentpolicy and investments in priority areasthat will drive economic developmentand job creation. This includes building
the talent and skills of Ontariosworkforce, building modern
infrastructure and supporting adynamic and innovative businessclimate.
The 2015 Budget expands on thisplan. The government will continue towork hard to ensure Ontario is well-positioned for continued economicgrowth over the next 10 years.
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38 WHY ONTARIO?
Recent Initiatives Encouraging Investment
Has eliminated the capital tax,
reduced corporate income tax ratesand has passed the Supporting SmallBusiness Act, increasing theexemption for the Employer HealthTax for small businesses.
Has announced the Going GlobalTrade Strategy to help morecompanies export to global markets,helping to create jobs in Ontario.
Has invested in key sectors and
regions of the economy, and inpromoting research, innovation andcommercialization.
Is extending the Ontario Youth JobsStrategy by $250 million for two more
years, that has helped over 29,000young people gain the benefit of on-the-job workplace experience over thelast two years.
GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Recent Initiatives for Investment
The Ontario Government:
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39 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Competitive Business Tax
Improving Business Tax Competitiveness
The government has fundamentallyrestructured the tax system to improveOntarios business tax competitiveness andenhance Ontarios advantages in sustaininglongterm economic growth and job creation.
These measures include:
Replacing the Retail Sales Tax with theHarmonized Sales Tax (HST), a more modernvalueadded tax;
Eliminating the Capital Tax, which corporationspaid whether or not they had a profit and was asignificant disincentive to investment;
Cutting Corporate Income Tax (CIT) rates forsmall and large businesses; and
Streamlining CIT and sales tax administration,which is saving businesses over $635 million peryear in reduced compliance costs.
Ontarios business tax system is one of themost competitive internationally. Since 2009,the marginal effective tax rate on new businessinvestment has been cut in half.
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40 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Opportunities for Businesses
Provincial Initiatives
The new province-wide, 10-year, $2.5 billion Jobs
and Prosperity Fund (JPF) will partner with businessto attract investments, strengthen Ontarios strategicsectors and support the provinces future economicgrowth.
The new fund will secure business investments thatfocus on jobcreating innovation, productivity and
going global, and will invest in Ontarios key sectors.
The government has committed over $110 million inregional economic development through both theEastern Ontario Development Fund andSouthwestern Ontario Development Fund,leveraging a total investment of over $1 billion.
These regional programs support economic
development initiatives to businesses, municipalitiesand not for profit associations.
The Better Business Climate Act, 2014 requires thegovernment to publish an annual report highlightingthe governments burden reduction activities.Ontarios new burden reduction strategy will savebusinesses and stakeholders over $100 million by theend of 2017.
Through the act, which went into effect in December2014, Ontario will work with business and otherpartner leaders to develop cluster development plansthat identify key polices to support cluster growth andpromote stronger collaboration.
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41 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Modern Infrastructure
The province plans to invest more than $130billion in public infrastructure over ten years,inc luding $24 bil lion by 2015-16.
Infrastructure investments would remainfocused on the most cr itical areas such astransportation, health care and education.
Transportation Infrastructure: $31.5 billion overten years to improve transportation
infrastructure, including $2.5 billion in 2015-2016 for highway rehabilitation and expansionprojects across the province.
Education Infrastructure: to provide over $11billion over ten years in capital grants to schoolboards that will help build new schools in areas
of high growth and improve the condition ofexisting school facilities. As of the spring of2015, nearly 100 major capital projects are
either in planning or underway across theprovince.
Postsecondary Infrastructure: to provide morethan $900 million for infrastructure in collegesand universities.
Health Infrastructure: to invest over $11 billionover ten years in capital grants to hospitalsover three years. Across Ontario,approximately 40 major hospital projects areunder construction or in various stages ofplanning.
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42 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Highly Skilled Workforce
Ontario has made signi ficant investmentsto build the knowledge and skil ls of itspopulation, ranging from full-day
kindergarten to postsecondary education.
Youth aged 15 to 29 account for 35 per cent ofparticipants in Employment Ontario, theprovinces $1 billion system of employmentand skills training programs and services.
Ontario is renewing its Youth Jobs Strategythat will provide an additional investment of$250 million over two years to prepare up to150,000 of Ontarios youth with the right skillsfor employment opportunities in growingindustries.
Since 200203, there are over 170,000additional students enrolled at Ontario collegesor universities, an increase of 43 per cent.
Since 200203, Ontario has created almost16,000 new graduate spaces, an increase of58 per cent.
66 per cent of adults in Ontario had apostsecondary credential in 2013, up from 56
per cent in 2002 and higher than any country inthe Organisation for Economic Co-operationand Development.
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43 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Promoting Entrepreneurship and Innovation
The Government of Ontario offers programsand funds to promote entrepreneurship andinnovation such as:
Commercialization and Innovation Voucher PilotProgram: helping entrepreneurs and smallbusinesses to access innovation, productivityand commercialization services offered byOntarios research institutions.
Northleaf Venture Catalyst Fund: a $300 millionfund in partnership with the federal governmentand the private sector.
The Ontario Brain Institute: supporting medicaldiscovery by committing $100 million to theOntario Brain Institute over five years.
The Youth Jobs Strategys YouthEntrepreneurship Fund and Youth Innovation
Fund are providing young entrepreneurs withtraining, resources, mentorship and capital andhelping develop Ontarios future businessleaders
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44 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Helping Social Enterprises Grow and Create Jobs
The Government of Ontario has launched a newSocial Enterprise Strategy that will help socialenterprises start and grow their businesses
while supporting the creation of 1,600 new jobsin the sector by focusing on four key areas:
Connecting, co-ordinating and communicatinginformation to, and about, social entrepreneurs,including exploring new ways to help create'hybrid' corporations that reinvest profits in a social
purpose
Building the social enterprise brand by increasingawareness of the sector using tools like aninteractive web portal where social entrepreneurscould meet and connect with investors, andaccess services.
Creating a vibrant social finance marketplacethrough various initiatives, including implementinga new $4 million Social Enterprise
Demonstration Fund to improve access to capitalfor high-growth social enterprises. In February2015, the government announced support for 11social finance organizations through the SocialEnterprise Demonstration Fund.
Delivering other innovative supports, like a pilot
program to help social enterprises be part ofprocurements related to the 2015 Pan
Am/Parapan Am Games
Our goal is to make Ontario the number onejur isdiction in North America for socialenterprise.
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45 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives
Going Global
Ontario is helping expand the province'spresence in global markets, grow the
economy and create jobs through a newtrade strategy. As part of Ontarios Planfor Jobs and Growth, the Going GlobalTrade Strategy will :
Already helped exporters with over 90
outbound missions in priority sectors.Streamline export programs and resourcesfor businesses so they can more easilyaccess the supports they need to go global.
Increase support for more Ontario
companies to export their products orservices.
Strengthen trade corridors with the UnitedStates.
Work with the federal government to pursuenew trade agreements
Maximize the benefits from the Canada-EUTrade Agreement.
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46 WHY ONTARIO?
Ministry of Economic Development, Employment andInfrastructure / Ministry of Research and Innovation
Please contact us for assistance with:
the latest information on our economy and business climatecomprehensive profiles of Ontario municipalities
province-wide site searches of available industrial land and buildings
liaising of site selection and community visits throughout the province
contacts with federal, provincial and municipal officials, as well as utilities, transportation firmsand business facilitators.
GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Contact Information
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Prepared by:Global Competitiveness UnitResearch and Analysis BranchPolicy and Strategy DivisionOntario Ministry of Economic Development,Employment and Infrastructure / Ministry ofResearch and Innovation
900 Bay Street, 7th FloorToronto, OntarioM7A 2E1
Phone: 416-325-0078
InvestInOntario.com
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