Ontario invests in diversifying Windsor economy
McGuinty Government Stimulating Growth In New Sectors
WINDSOR - Windsor-Essex will use a grant from the provincial government to develop a "Virtual Incubator" to identify and support local businesses responsible for job creation.
The program will help the region respond to changes in the automotive industry and the affects of a high Canadian dollar - and make Windsor-Essex "investment-ready" for future opportunities.
Run by a not-for-profit corporation, the incubator will stimulate local economic growth and job creation. The province is providing $600,000 as part of its Communities in Transition program to get the incubator up and running.
The incubator will have board representation from the Odette School of Business, the School of Computer Science at the University of Windsor , Deloitte LLC, BMO/Bank of Montreal , Woodslee Credit Union and the WindsorEssex Development Commission .
- The Communities in Transition program helps communities attract new investments and retain existing businesses by becoming more "investment-ready."
- The Ontario government has invested over $1.7 billion in the Windsor region to help upgrade Casino Windsor, build better roads, schools and hospitals, and support economic initiative, including significant investments in Windsor automotive facilities through the Ontario Automotive Investment Strategy.
“Windsor-Essex has the skills and the resources to succeed. Our government is working in partnership to give this community the tools they need to create jobs for this highly skilled workforce.”
“This is great news for the people of Windsor-Essex. Our government's support will help give this community options and solutions moving forward.”
“This initiative plays a key role in creating new opportunities for our local economy. This announcement of the provincial government's support is welcome news.”