At the Peterborough Airport, “the longest runway between Toronto and Ottawa will fuel tourism and the local economy, bringing about countless new opportunities for local businesses to grow and create even more jobs,” said Dalton McGuinty, Premier of Ontario, in this video:
About 550 new jobs for Canadians will be created due to Ontario partnering with companies for projects and supporting their investments.
Here are the beneficial results of the Ontario government’s proactive approach to partner with business and industry:
- 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.
- In June of this year, Ontario created more jobs than the rest of Canada and the United States combined.
- KPMG calculates that Ontario has an 11.3 per cent cost advantage for research and development relative to the United States.
- Since October 2003, Ontario has created 524,100 net new jobs for Ontario families.
- So far, Ontario has created 97,700 net new jobs for Ontario families in 2011.
- 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.
These new jobs will be created by companies and businesses such as:
- Peterborough Airport Expansion is Completed Now and has created 80 new full-time jobs, and will create an additional 50 throughout the region.
- ViXS Systems Inc, a GTA (Greater Toronto Area) – based semiconductor solutions provider, develops new technology, while creating 107 new, highly-skilled jobs.
- Ontario is partnering with ViXS Systems Inc. to develop an energy-efficient network media processor that will help power multimedia platforms such as digital televisions, video recorders, set-top boxes and other products.
- Once enabled, these devices will stream content to multiple mobile devices, including iPads, tablets and smart phones.
- This innovative project will attract and retain world-class talent, commercialize cutting-edge R&D (Research & Development), and promote Ontario as a global Information Communications Technology (ICT) leader.
- McCloskey International Limited manufactures portable conveyors and screening equipment for use in the aggregate, landscaping and recycling sectors, while creating 60 new jobs.
- Ontario is partnering with the Peterborough-based company to enhance its facilities, expand its production capabilities and manufacture heavy equipment components in-house.
- McCloskey International Limited will also:
- invest in robotic welding technology
- develop a prototype cone crusher chamber, and
- install a new automated paint line system.
- Apex Fund Services (Canada) Ltd. expands and creates 50 jobs.
- Ontario is partnering with Apex Fund Services Ltd., a financial services provider, to expand its Canadian subsidiary and offer specialized fund services to Canadian fund managers such as:
- international best practices
- real-time middle office administrative services, and
- operation risk reporting services
- Celestica, based in Toronto, delivers innovative supply chain solutions to a number of markets and employs approximately 35,000 people around the globe, while “transforming its Toronto facility to focus on higher-growth markets, which will create and protect approximately 650 highly-skilled jobs positions.”
- Ontario is partnering with Celestica as the company continues to diversify its markets and maintain its competitiveness in the global marketplace by expanding its services to include:
- solar panel manufacturing for clean energy
- specialized electronics for aerospace and defence
- commercialization and after-market services, including tablets, smart phones, and other personal communication devices.
- Sysco Canada Inc. is improving its efficiency and increasing the demand for high-quality local food, which will create an estimated 35 new jobs.
- With support from Ontario’s Rural Economic Development Program, Sysco Canada will operate three Toronto food processing plants at a single new Vaughan location.
- This will allow Sysco Canada Inc. to:
- Increase its production capacity
- Double sales of local meat and produce
- Ontario has invested more than $167 million in 418 projects through the Rural Economic Development Program and generated more than $1.2 billion in new economic activity.
- The agri-food industry contributes more than $33 billion to the Ontario economy and employs about 700,000 people.
- Visit the Ministry of Economic Development and Innovation’s website for comprehensive economic and trade news, including a toolkit for businesses.
- 2011 Ontario Budget Has the Bull’s-Eye on Eliminating the Deficit While Protecting Education and Health Care
- For more information on how Ontario is revitalizing its infrastructure, visit ontario.ca/infrastructure.
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