Proud of our accomplishments
With nine years in government, Ontarians can stand back and feel a confidence our achievements and the path we have set for future economic development in Ontario.
Despite the worldwide recession and local fiscal challenges, we have made significant advances in many sectors – advances that lay a solid foundation for the years to come. The economic indicators are there and Ontario has managed to recover, grow and come out on top.
2008 and 2009 were difficult years for both Canada and the province of Ontario with job losses in many of our key sectors we felt the pain of a serious recession. Ahead of our counterparts in the USA and the UK, Ontario has since recovered 130% of those lost jobs. In 2011 alone, 45% of all new jobs nationally were created in our province and RBC predicts that Ontario’s economy will grow faster than the national average this year. We continue to move forward. Our government has been committed to growing businesses across the province and investing in growth potential areas such as youth, clean energy and information technology and we are already seeing results.
We’ve partnered with the Canadian Youth Business Foundation to provide $4M over two years which will help launch 400 new businesses and 2000 jobs for young people.
Our government’s commitment to clean energy has seen 25,000 new jobs as a result and we are on track to double that number in the coming years. Ontario has the fastest growing clean energy sector in Canada and are leaders in North America – something for which I in particular am proud of as an advocate of conservation and environmental issues.
We’re ranked in the top 3 in the InformationCommunication Technology industry in North America. We also hold that rank for Agri-Food, Bioscience, and Film, Entertainment and Music – something which all Ontarians can be proud of.
Not only has our auto sector recovered from the recession in 2009, but achieved a record level of sales in October. Ontario’s auto companies have invested $2.3 billion in their assembly plants and have created nearly 10,000 new jobs since the recession.
Locally, the Ontario government has recently included the Eastern Ontario Development Fund to include the City of Ottawa. Previously, the fund only included rural areas and small-towns, but now Orléans’ entrepreneurs are eligible to apply for these grants that will help stimulate new jobs and opportunities.
In spite of the challenges we have faced and the challenges ahead, I am confident that we are making the right choices and have laid a solid foundation. I stand behind the work of the government in this respect and am very optimistic that we will continue to see growth and prosperity in Ontario.