leveraged over $485 million in investment across Eastern Ontario
Now, Ontario is attempting this economic balancing act: in order to create the new Southwestern Ontario Development Fund as well as make both the Eastern Ontario Development Fund and the Southwestern Ontario Development Fund permanent, the Attracting Investment and Creating Jobs Act must be approved and passed.
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.
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.