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Ontario invests $40 million in advanced manufacturing

Staff writer |
Ontario is making critical investments to support manufacturing, strengthen global competitiveness and help create high-value jobs across the province.

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Premier Kathleen Wynne addressed the Canadian Manufacturers & Exporters (CME) Industrie 2030 summit, where she discussed the province's $400 million Business Growth Initiative (BGI). CME is Canada's largest trade and industry association.

The BGI strategy supports Ontario's shift towards a high-growth innovation economy with initiatives such as a five-year, $35-million investment in the Advanced Manufacturing Consortium and a 10-year, $5-million investment to establish the Trillium Network for Advanced Manufacturing.

Both programs will provide support to traditional manufacturers to help them transform into more innovative, dynamic and productive companies.

The government has also created the Highly Skilled Workforce Strategy Expert Panel to help Ontario adapt to the demands of a dynamic, knowledge-based economy.

The panel will assess how well the workforce is positioned to meet the needs of Ontario's economy and will recommend an integrated approach for the government to bridge education, training and skills development with the demands of an evolving economic landscape.

Supporting the manufacturing sector is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs.

The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education.

The plan is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

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