News
For Immediate Release
Kingston
12/02/2011
Ontario Helps Local Company Create Jobs In Kingston: McGuinty Government Continues To Support Regional Economic Development
NEWS
Ontario is helping ESG Solutions expand its services while creating 12 new high-value jobs and protect 67 skilled workers in Kingston. The company is a world-leading manufacturer of high-tech equipment used to detect and analyze very small earth tremors.
With the province’s support, ESG Solutions will invest in new sensors to monitor and analyze micro-earthquakes, and train staff with technical and safety standards.
With the recent introduction of the Attracting Investment and Creating Jobs Act,Ontario would continue to support business investments through the Eastern Ontario Development Fund which has already been very successful to date with support to 12 projects in Kingston alone. Together, the projects have leveraged over $40 million in investment, created over 170 jobs and protected an additional 550 jobs for families living here in Kingston.
Partnering with local business and supporting innovation is a key component of the McGuinty Government’s plan to create and support new and existing jobs for Ontario families and strengthen local economies.
QUOTES
“This partnership between our government and ESG Solutions will secure quality jobs for Kingston’s workers while setting the stage for new hires and economic growth. We’re proud to work together with this company to position Kingston as a major research and development centre for microseismic monitoring solutions.”
― Minister John Gerretsen, MPP Kingston and The Islands
“As a government, we are committed to helping turn great ideas into great jobs. That’s why we are making the Eastern Ontario Development Fund permanent, to create more success stories like the one here at ESG Solutions.”
— Brad Duguid, Minister of Economic Development and Innovation
"ESG is an excellent example of a research and development company that has chosen to operate in Kingston yet undertakes business on a global scale. The mining sector within Kingston is emerging as a centre of excellence and we congratulate their team on their continued growth and investment in our city."
― Jeff Garrah, Chief Executive Officer, Kingston Economic Development Corporation
“The support from the Government of Ontario is helping us to expand our workforce and support our new service initiative. Our rapid growth means that we are on track to hire our projected number of new employees one full year ahead of schedule. By expanding our workforce, we are able to develop our operational and logistical capacity, meet growing demand for our products and services and ultimately, better serve our global clients.”
― Ken Arnold, President, ESG Solutions
QUICK FACTS
- ESG Solutions is the only microseismic monitoring manufacturer and service provider in Canada serving global customers.
- Since October 2003, Ontario employment has increased by 502,000 net jobs, more than 68 per cent of which were full-time.
- The Eastern Ontario Development Fund has already created and protected over 11,700 jobs and leveraged over $485 million in investment across Eastern Ontario.
- 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.
- 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
- See Ontario’s plan to support job creation.
- Take a look at the programs and services available to help your business grow.
- Read Ontario’s 2011 Progress Report.
For more information:
Andrew Block
Minister's Office
416-325-0362
Mark Ingram
Communications Branch
416-325-4776
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