Ontario's Digital Economy Driving Growth

 
Ontario's Digital Economy Driving Growth
 
 
 

February 14, 2012 10:30 AM

McGuinty Government Building Strong Economy, Creating Good Jobs For Families

Ontario's digital economy is growing and creating the next generation of jobs for families.

Premier Dalton McGuinty toured Xtreme Labs in Toronto today, a company that develops mobile applications for smart phones and digital tablets. The Premier spoke with employees about his government's plan to eliminate the deficit and continue improving Ontario's competitiveness. Steady, relentless progress will lead to more jobs, a stronger economy and even better public services.

The Premier also thanked the company for helping to grow Ontario's digital economy. Xtreme Labs also created Extreme Venture Partners, a company that funds and mentors technology start-ups.

Fostering innovation and creating the right environment for businesses to thrive is part of the McGuinty government's plan to strengthen Ontario's economy and create good jobs for families.

QUICK FACTS

 
  • Xtreme Labs was founded in 2007 and today employs approximately 200 people.
  • The Ontario government reduced the tax rate on new business investment by nearly half and eliminated 80,000 business regulatory requirements to ease the way for jobs and growth.
  • According to a report released by TD, Ontario's long-term economic growth is expected to grow faster than the Canadian average (2.1 per cent vs 2.0 per cent).



Office of the Premier
ontario.ca/premier


 
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"Success stories like what we've seen at Xtreme Labs are helping to move Ontario in the right direction. We want to see more of this. By staying on track to eliminate the deficit, Ontario will have more jobs and a stronger economy that protects the schools and hospitals our families rely on."

 – Dalton McGuinty
Premier of Ontario

 
 
 
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