Ontario ranks first in foreign direct investment (FDI) per capita among North American states and provinces, and this year's budget focuses on priority investments that will strengthen the competitive advantage of companies that locate here. The Ontario government has increased its commitment to the Jobs and Prosperity fund to $2.7 billion, is bolstering its support of education and skills training and pledging $130 billion over 10 years to public infrastructure –the largest such investment in Ontario's history.

Jobs and Prosperity Fund increased to $2.7 billion

Known as one of the best places in the world for entrepreneurs, Ontario is investing $2.7 billion over 10 years to help businesses scale up and achieve export growth. The Jobs and Prosperity Fund was launched on January 7, 2015 and aims to enhance productivity, promote innovation and grow exports. This incentive program establishes a long term commitment to helping businesses innovate, grow and succeed.

Ontario is investing in its highly skilled workforce

Ontario has one of the most highly skilled, talented and reliable workforces in the world. In order to continue to provide businesses with the talent they need, the government is supporting improvements to education and skills training. The Ontario Youth Jobs Strategy will receive an additional $250 million over the next two years; while investments in hiring incentives and funding for employer-led training will help businesses sharpen the skills of their staff.

Ontario infrastructure receives $130 billion investment

An investment of $130 billion over 10 years makes Ontario's investment in infrastructure the largest of its history. Ontario's ongoing and planned investments are renewing and expanding transportation and critical infrastructure including roads, bridges and transit. These investments will provide long-term benefits to businesses operating in Ontario.

Ontario is experiencing promising growth in high value sectors including advanced manufacturing, biotechnology and life sciences and information and communications technology. These are just a few of the investments that Ontario is making to continue to offer businesses with one the most attractive destination for investment in North America.

 

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