|

Ontario Creating Conditions for Job Growth

Fall Economic Statement includes an additional $100 million to attract new jobs to the province

November 6, 2023

Ontario Creating Conditions for Job Growth

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued this statement following a monthly employment release by Statistics Canada, which showed that while employment in Ontario decreased in October 2023, almost 160,000 jobs have been created this year. Nationwide, 40 per cent of new employment occurred in Ontario in the last 12 months.

“During a time of global economic uncertainty, Ontario has a plan to foster resiliency and stability by supporting growth in key sectors, reshoring manufacturing jobs and helping Ontario businesses access new markets.

Yesterday, our government provided an update on Ontario’s economic and fiscal outlook in the 2023 Fall Economic Statement. Building a Strong Ontario Together laid out how we are taking a responsible and targeted approach to building a strong and resilient Ontario for current and future generations. This approach has given our government the flexibility it needs to address the impacts of a slowing global economy, while continuing to make targeted investments to support our growing communities. These investments include an additional $100 million to the Invest Ontario Fund to help attract more leading companies to the province, further support businesses already here and create good-paying jobs.

To help Ontario’s businesses expand their global reach, we recently announced plans to open a new Ontario Trade and Investment Office in Singapore. The office will be the province’s first in the ASEAN region, a bloc of 10 states with a population of over 600 million and $4 trillion in GDP.

Closer to home, our government continues to support manufacturers across the province in expanding and creating good-paying jobs through our Regional Development Program. In October, we welcomed a $40 million investment by TNR Industrial Doors Inc. that will be used to build a new advanced manufacturing facility in Oro-Medonte. This past month, we also welcomed a $2.8 billion investment from Umicore Rechargeable Battery Materials Canada Inc. to build a new manufacturing plant in Loyalist Township. Over the last three years, Ontario has attracted more than $27 billion in automotive and EV battery investments.

With ongoing uncertainty impacting families across the province, the people of Ontario can have confidence that our government is making responsible decisions to support families and businesses today, while continuing to build a strong fiscal foundation for future generations.”

Source

Related Story

Ontario Welcomes $40 Million Manufacturing Investment

The Ontario government is welcoming a $40 million investment by TNR Industrial Doors Inc., a leading manufacturer of high-performance rubber, freezer and cooler doors. The investment will be used to build a new advanced manufacturing facility that will create 30 new, good-paying jobs in Oro-Medonte.

Related Articles


Latest Articles

  • Promise Robotics Transforms Automation in Homebuilding with Next-Gen Control Platform

    April 16, 2025 The AI-powered robotic system enables homebuilders to build more homes faster with less resources using flexible automation and distributed drive technology from Beckhoff Imagine a world where affordable, sustainable housing isn’t a dream, but a reality. This vision faces two significant hurdles: skyrocketing construction costs and a shortage of skilled labour. These… Read More…

  • How Omron Light Curtains Improve Machine Safety Compliance in Canada

    April 16, 2025 In Canadian industrial environments, safeguarding workers and ensuring machine safety compliance is both a regulatory requirement and a productivity necessity. At Proax, as an authorized distributor of Omron, they offer safety solutions engineered to meet and exceed modern compliance standards — including the CSA Z432 and Z434 requirements unique to Canada. Among these solutions, Omron’s Safety… 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

  • Visualize the Wireless Networks of Your AGV and AMR Systems with MOXA Solutions

    April 16, 2025 Ensuring Reliable Wireless Uptime for AGV and AMR Systems As the demand for automated material handling (AMH) systems continues to rise—driven by the expansion of e-commerce and smart factories—the importance of stable wireless networks in autonomous mobile robots (AMRs) and automated guided vehicles (AGVs) has never been more significant. With AMRs projected… Read More…

  • Seamless Automation Removes Technological Boundaries

    April 16, 2025 Consistency is what distinguishes Festo – in terms of technologies and the value creation process “No matter what movement task customers approach Festo with, we can solve it. We are the only supplier to combine electrical and pneumatic automation technology that fits together seamlessly,” explains Gerhard Borho, Member of the Executive Board… Read More…