News
For Immediate Release
St Thomas
01/27/2012
Building A Stronger Southwestern Economy: McGuinty Government Holds Consultation On Proposed New Fund
NEWS
Ontario is moving forward with plans to create a Southwestern Ontario Development Fund that will create and protect jobs for families in Windsor and across Southwestern Ontario.
Today, Chris Bentley, MPP for London West, met with local economic development partners, businesses and community members to receive their feedback and ideas on how the program should be designed. The new fund would build on the region’s strengths, address local economic development challenges and help create jobs in Southwestern Ontario.
The proposed fund would be modeled on the Eastern Ontario Development Fund, which has already helped create and protect over 11,900 jobs and leveraged over $488 million in investment across Eastern Ontario.
The proposed Attracting Investment and Creating Jobs Act is a key component of the McGuinty government’s plan to partner with business to create and protect new and existing jobs for Ontario families, and to strengthen local economies.
QUOTES
“Strategic investments with local businesses will build on our plan to keep jobs here, attract new ones and help Southwestern Ontario become a leader in the global economic market."
– Chris Bentley, MPP for London West
“Regional economic development programs have proven to be an effective tool in attracting investment and creating jobs. Consulting with local stakeholders will ensure we get the best possible return on the public’s investment and that the proposed Southwestern Ontario Development Fund meets the unique needs of the region.”
– Brad Duguid, Minister of Economic Development and Innovation
QUICK FACTS
- Ontario created 121,300 net new jobs created in 2011, more than 45 per cent of all jobs created in Canada last year.
- Ontario's Tax Plan for Jobs and Growth will cut taxes on business investment in half, making the province more competitive and encouraging new business investment.
- For those unable to attend a consultation session, comments on the proposed Southwestern Ontario Development Fund can be sent to the Ministry of Economic Development and Innovation at: swodf@ontario.ca
LEARN MORE
- Read the Southwestern Ontario Development Fund consultation paper.
- 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
416-326-4776
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