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

  • 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

  • New From SEW-EURODRIVE: WES Series Stainless Steel Drives

    April 22, 2025 New From SEW-EURODRIVE: WES Series Stainless Steel Drives SEW-EURODRIVE is proud to introduce the WES Series stainless steel gear unit, a compact, hygienic drive solution that runs cool – even under continuous operation. Unlike worm gear units that overheat, the WES Series integrates SPIROPLAN® right-angle gearing, ensuring smooth, reliable performance without excessive… Read More…

  • Kollmorgen Introduces New High-Voltage IC Ironcore DDL Direct Drive Linear Motor

    April 22, 2025 Kollmorgen Corporation, a global leader in motion control and automation systems, has introduced an addition to its IC Ironcore DDL motor family, expanding beyond 230 VAC products with a new capability to support 400/480 VAC-powered applications. Kollmorgen’s new direct drive linear motor delivers a continuous force range up to 8,211 N and peak… Read More…