1 minute read

Supporting a Strong, Innovative Economy ONTARIO, CANADA:

Next Article
EXPANSION

EXPANSION

Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada’s most populous province accounting for 38.3 percent of the country’s population, and is the second-largest province in total area. Ontario is home to the nation’s capital city, Ottawa, and the nation’s most populous city, Toronto, which is also Ontario’s provincial capital. Ontario’s workforce exceeds six million. The region’s economic plan is to provide jobs, opportunity and prosperity for all Ontarians.

Located within a day’s drive of more than 40 percent of North America’s population, Ontario is home to one of the largest manufacturing sectors in North America, making it one of the top economic leaders on the continent. This central location, along with its competitive business costs and skilled workforce, make it attractive for industries including tourism, aerospace, automotive, chemical and biochemical, financial services, food and beverage manufacturing, life sciences, information technology and mining. Companies with significant operations in Ontario include Accenture, AIG, BASF, Labatt and Siemens.

Rapid changes in technology and globalization are reshaping Ontario’s economy. The $650-million Business Growth Initiative is the government’s new economic strategy to fast-track Ontario’s knowledgebased economy by tapping into its creativity, education and skills. Also the future of intelligent transportation is being built in Ontario. Between Detroit and Ottawa lies a 500-mile corridor with expertise in connected and autonomous vehicle technology, artificial intelligence, connectivity, cybersecurity and quantum computing.

Ontario offers funding, programs and federal tax incentives to help hire and train employees for employers in business, not-for-profit or public-sector organization. About 67 percent of Ontario residents between 25 and 64 have completed post-secondary schooling at one of the 20 public universities and 24 colleges located throughout the province.

This article is from: