Ontario Emplyment inflation. Image credit: Pixaby
Toronto/CMEDIA: Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued this statement following today’s monthly employment release by Statistics Canada that showed employment in Ontario increased by 62,800 jobs in January 2023, a news release said.
Ontario has seen an increase in new jobs for the fourth straight month with more than 600,000 jobs added, the province continues to lead the nation in job creation.
This is a evident that Ontario’s plan to build is working, nevertheless Ontarians cannot take anything for granted and continue with their hard work to build a stronger economy and create the conditions for jobs to grow and businesses to succeed.
“We’ve investing in our manufacturing sectors. Since 2019, Ontario has provided companies with $74 million to help businesses expand operations and become more globally competitive through the Regional Development Program. This funding has helped to facilitate $804 million in investments for 71 projects that will create more than 1,425 jobs in the province” said Vic Fedeli in a statement.
To ensure competiton, Ontario government has lowered taxes, reduced electricity costs, and cut red tape and has successfully attracted $16 billion in investments by global automakers and suppliers of electric vehicle batteries and battery materials, and nearly $3 billion in investments by global biomanufacturers.
To facilitate investment in training to help more people launch rewarding careers in the skilled trades, Ontario government had launched Skills Development Fund in Feb 2021.
In addition by investing $660 million to deliver 388 training projects, Ontario has helped more than 400,000 workers and jobseekers take the next step in their careers in in-demand industries.
“Building Ontario means building a strong and resilient economy that can weather any storm. No matter what the future may hold, we will be ready. We are leaving no stone unturned as we continue to build a stronger Ontario and work to create new opportunities for the people and businesses across the province,” said Vic Fedeli in a statement.
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