ONTARIO ๐ง๐ Ontario Continues to Attract New Investments Across Key Sectors ๐ต
Friday, 09 February 2024 12:00.PM
- Province welcomes regional expansions and strengthens strategic partnerships abroad -
Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on todayโs monthly employment numbers released by Statistics Canada, which showed Ontario added nearly 24,000 jobs last month, including 9,700 jobs in the construction sector, leading the nation in job creation for January.
โAt a time when Ontario, Canada and jurisdictions around the world are facing economic uncertainty, our government is maintaining a targeted and responsible approach to attracting investments and creating more good-paying jobs for the people of Ontario. Across key sectors, companies are choosing Ontario as an ideal location to support their growth and innovation.
In January alone, six businesses announced $133 million in investments to expand operations, creating 152 new, good-paying jobs in regions across the province. These businesses include Kitchenerโs FluidAI Medical, Londonโs Starlim North America Corp. and Andriani Ltd., and Niagara Regionโs Stanpac Inc., AMSI Inc. and St. Davidโs Cold Storage. As part of these investments, Ontario is providing close to $12 million in funding through the the Regional Development Program and the Ontario Together Fund.
In January, Ontario delegations attended two successful trade missions promoting the provinceโs growing automotive, technology, life sciences, and manufacturing sectors in both the United States and Mexico. These missions provided an important opportunity to promote the provinceโs industrial might at some of the largest conferences in the world, including the Biotech Showcase in California, the Consumer Electronic Show in Nevada, and Expo Manufactura in Monterrey, Mexico.And, as part of Ontarioโs strategy for trade with the United States, Ontario and Indiana finalized a new Memorandum of Understanding (MOU) to promote increased trade and investments.
Our governmentโs responsible approach is creating more opportunities for people and businesses today, while laying the foundation for a strong and resilient economy for future generations. By connecting Ontario businesses to the international marketplace, the province continues to be positioned as one of the best jurisdictions in the world for companies to invest, grow and create jobs.โ
SOURCE: Ontario Ministry of Economic Development, Job Creation and Trade
-
Related materials:
- 26-Jul-2024 10:22 AM ๐ง๐๐ตโ๏ธSupporting Canada's Health Workers by Improving Health Workforce Research, Planning and Data
- 26-Jul-2024 08:21 AM ๐จ๐ฆ๐๐ต๐ง๐ Government Of Canada Helps Improve Women's Participation in The Mining Sector
- 25-Jul-2024 02:31 PM ONTARIO FLS Commissioner Urges Ontario to Respect Law; Make All Out-Of-Home Advertising Bilingual
- 25-Jul-2024 08:00 AM ๐ง๐ Student-Led Campaign Showcases Postgraduate College Education as Career Kick-Starter
- 24-Jul-2024 08:00 AM ๐ง๐๐ตNonprofit Tech Workers Earn 33 Per Cent Less Than Tech Workers in Other Industries
- 23-Jul-2024 02:23 PM ONTARIO ๐ง๐๐ตOntario Investing Up to $260 Million in New Funding to Train Workers
- 23-Jul-2024 10:22 AM ONTARIO ๐ง๐๐ต Ontario Supporting Innovation in the Life Sciences ๐จโ๐ฌ๐ฌโ๏ธ
- 23-Jul-2024 08:00 AM ONTARIO ๐ตโ๏ธ๐ง๐ Ontario Building New Hospital in Waterloo Region
- 22-Jul-2024 10:35 AM ONTARIO ๐ตโ๏ธ Governments Expanding Mental Health Supports for Farm Workers ๐พ๐๐
- 21-Jul-2024 06:31 PM ONTARIO ๐ต Ontario Expanding Seniors Active Living Centres