Ontario Helps Create Jobs
McGuinty Government Partners With Companies To Strengthen The Economy
Ontario is partnering with companies for projects that will help create 550 new jobs and protect 1,056 existing jobs for families.
The province is supporting company investments which will create new jobs for families, help spur growth and strengthen local economies. These new jobs build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.
In the face of global economic uncertainty, Ontario continues to provide strong and stable business conditions which are helping companies create jobs with new investments across the province.
Partnering with local businesses and supporting business is part of the McGuinty government’s plan in moving forward to create and support new and existing jobs across the province.
QUICK FACTS
- Since October 2003, Ontario has created 524,100 new jobs.
- 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.
- 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.
