Turning Innovation Into Jobs
McGuinty Government Helps Create 20 New Jobs In Toronto
Ontario is helping a scientific research company - Integran Technologies - develop leading-edge technology and create 20 new jobs while supporting 29 existing positions in Toronto.
Integran Technologies is developing new metal coating technologies that will increase the reliability and durability of metal components used in airplanes, cars, and other manufactured goods. The new plating process is also better for the environment than conventional methods and produces lighter parts, resulting in better fuel efficiency.
Partnering with local business is a key component of the plan laid out in Ontario's 2011 Budget -- Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families and strengthen local economies.
- Ontario is providing a grant of nearly $4 million towards the $26.6-million project.
- Integran Technologies currently employs 47 people in Ontario.
- As a result of tax changes implemented in Ontario, taxes on business investment were cut in half, making the province more competitive and encouraging new business investments.
- So far, Ontario has recovered 93 per cent of the jobs lost in the recession.
“By partnering with cutting-edge innovators like Integran, our government is helping Ontario businesses grow and become more globally competitive. Strong businesses are the foundation of a strong job market, and that is why these investments are a vital part of our economic strategy which is working and helping Ontario turn the corner.”
“This is great news for the region. Ontario's investment in innovation and scientific research is helping businesses bring unique products to the marketplace. This is making Ontario an idea- and innovation-based economic powerhouse that is creating and growing new industries and new jobs.”
Shafiq Qaadri, MD
“We are very pleased to have this government support which will make it possible for us to advance technology and reduce the impact that aerospace and auto sectors have on the environment. This investment is a real win-win situation for the advancement of science and for the creation of jobs.”