News
For Immediate Release
Peterborough
12/15/2011
Ontario Helps Peterborough Company Create New Jobs: McGuinty Government Supports Local High Tech Sector
Ontario is helping Labotix — a Peterborough based automation company — develop the next generation of its automation systems for clinical laboratories and create 8 new jobs.
With the province’s support, Labotix will work to design and create innovative technology that helps laboratories reduce costs and increase efficiency by automating repetitive tasks, while freeing up technicians to handle more complex responsibilities. The company will also begin testing new types of automation systems that will increase their global competitiveness.
Ontario is providing a strong and stable environment for businesses to grow and create good jobs for families in the face of global economic uncertainty. These new jobs build upon the 124,800 net new full time jobs that have already been created in Ontario so far this year.
Partnering with local businesses and supporting made-in-Ontario technologies is part of the McGuinty government’s plan to make innovation a driving force of economic growth and create jobs for Ontario families.
QUOTES
“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 Labotix.”
— Brad Duguid, Minister of Economic Development and Innovation
“Our support will help Labotix to attract new customers from around the world while creating good jobs right here in Peterborough. Today’s announcement also builds on our government’s efforts to diversify the local economy by attracting and expanding high-tech companies within the region.”
—Jeff Leal, MPP for Peterborough
“The support from the Government of Ontario allows us to strengthen our competitive advantage. Continually investing in the development of new products is essential for Labotix to attract new customers and remain at the forefront of our industry.”
— John Gustafson, President and CEO, Labotix
QUICK FACTS
- Labotix’s automation systems are currently in use in several countries around the world, including Belgium, Israel, and the United States.
- Ontario recently introduced the Attracting Investment and Creating Jobs Act that, if passed, would make the make the Eastern Ontario Development Fund permanent and create the new Southwestern Ontario Development Fund.
- 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.
- 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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