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Ontario Continuing to Attract New Investments and Jobs

May 22, 2024

Ontario Continuing to Attract New Investments and Jobs

Province adds 25,000 new jobs in April

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on May 10’s employment release by Statistics Canada, which showed Ontario is leading the nation in job creation, adding 25,000 jobs in April, including 5,800 jobs in the manufacturing sector.

“For the fourth straight month, employment in Ontario has increased reflecting our government’s targeted and responsible approach to fostering good-paying jobs and economic growth across the province.

Despite ongoing economic headwinds, Ontario is creating the conditions to attract record investments from both domestic and international companies.

Last month, we welcomed a $15 billion investment from Honda Motor Ltd., and its joint venture partners, to build four new manufacturing plants in Ontario. This investment, the largest auto investment in Canadian history, will strengthen our electric vehicle supply chain and create thousands of good-paying jobs across the province.

Honda’s investment in Ontario’s auto sector represents yet another vote of confidence in our province’s competitive business environment, world-class workforce, reliable clean energy and dependable supply chains. Because of these advantages, our province has attracted over $43 billion in auto and EV-related investments over the past four years, helping to spur growth throughout our manufacturing industries.

Our government will continue working hard to rebuild our economy by attracting and supporting important investments in the province – investments that will create jobs and prosperity for generations to come.”

Source

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Ontario Investing in the Critical Minerals Supply Chain

The provincial government is investing over $4 million to help junior mining companies find the mines that will fuel the electric vehicle revolution. Funding through the Ontario Junior Exploration Program (OJEP) is part of the province’s Critical Minerals Strategy to drive long-term economic growth by creating jobs and prosperity, especially in northern and Indigenous communities.

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