For Immediate Release
Toronto
09/28/2009

ONTARIO SIGNS MOU WITH GENERAL ELECTRIC CANADA: McGuinty Government Joins Forces with Global Giant

 

 

NEWS

Ontario signed a Memorandum of Understanding (MOU) with GE Canada today that could lead to substantial long-term investments and a strengthening of GEs footprint within the province.

According to the MOU’s terms, GE Canada will:

• Help small and medium-sized companies further develop and commercialize their innovative products and services;
• Provide GE management and leadership training to 200 Ontario government middle and senior level managers in the next five years; and
• Establish global centres of excellence within Ontario focusing on clean energy, water treatment, health care, information technology and state-of-the-art manufacturing sectors.

QUOTES

“The Ontario government values the important role GE continues to play in our economy. With the signing of today’s MOU, GE and Ontario have provided the basis for a cooperation-focused framework that will enhance economic development, create new jobs and promote research and development within the province.”
— Sandra Pupatello, Minister of Economic Development and Trade

"I'd like to congratulate the Province on its leadership in signing this MOU with GE. Businesses and governments have to partner to ensure the continued growth and prosperity of their economies. Ontario clearly recognizes this is what’s needed to compete globally."
— John Rice, Vice Chairman, GE and President and CEO, GE Technology Infrastructure

“With today’s announcement, GE and the Ontario government will work together to advance the province’s innovation and prosperity agenda,”
— Elyse Allan, President and CEO, GE Canada.

QUICK FACTS

• GE is one of the world’s largest companies, with 300,000 employees working in 100 countries.
• GE Canada has assets of $11.3 billion and employs 5,800 people in Ontario.
• GE also has MOU partnerships with China and Qatar.

LEARN MORE

• Find out more about GE at http://www.ge.com/ca

For more information:

Leigh-Ann Popek
Minister's Office
416-325-0362

Kim Warburton
VP Communications/Public Affairs, GE Canada
416-561-8316

ontario.ca/economy-news

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