Expert Panel Examining Business Support Programs
Review Will Focus on Enhancing Innovation, Productivity and Exports
Ontario has appointed a panel of experts to review the province's business support programs so Ontario companies have the best help possible to succeed and grow.
Panelists Dr. Margaret Dalziel (Chair), Dr. David A. Wolfe and Dr. Douglas Cumming will conduct the review. They will review and evaluate programs according to established criteria, including those put forward by the Jobs and Prosperity Council that focus on improving productivity, strengthening exports and increasing innovation performance.
Business support programs help companies by offering assistance in key areas like increasing competitiveness and attracting and sustaining a modern workforce. The panel is considering all forms of business support, including tax credits, grants and other direct support programs. It will report back to the province by the end of February 2014, in time to inform the 2014 Ontario Budget.
Providing Ontario businesses with the best support possible helps create a dynamic and innovative business climate in the province, one of the three pillars of the government's economic plan to create jobs and growth.
- The 2013 Budget announced that the government would establish a technical panel to review and evaluate Ontario’s business support programs.
- Ontario’s business tax reforms will deliver $8.5 billion in tax cuts annually to business, improving Ontario’s tax competitiveness and business investment climate.
- In addition to major business tax reductions, Ontario has also made significant improvements in tax administration that have reduced compliance costs for businesses by more than $635 million per year.
“This review will ensure that our business support programs, which help businesses create jobs and increase our productivity, are able to better attract strategic new investments to Ontario.”