On January 7, 2015, Ontario launched the new Jobs and Prosperity Fund to stimulate Ontario's globally competitive business climate.

The Jobs and Prosperity Fund is providing $2.7 billion over 10 years to enhance Ontario's productivity, bolster innovation and grow exports.

The fund has three distinct streams:

  • The New Economy Stream: to build R&D capacity, improve private-sector productivity, performance and competitiveness, and support innovative businesses in expanding their market.
  • The Strategic Partnerships Stream: to help entrepreneurs, companies, research institutions, customers and investors work together to compete globally.
  • The Food and Beverage Growth Fund: to support food, beverage and bioproduct manufacturing projects that will strengthen supply chains, increase market access, and enhance innovation and productivity.

This incentive program demonstrates Ontario's long-term commitment to creating the right conditions for companies to succeed.

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January 7, 2015

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