Ontario Newsroom

Ontario Creates Regional Development Funds

Archived News Release

Ontario Creates Regional Development Funds

McGuinty Government Gets Important Legislation to Create Jobs Passed

Ministry of Economic Development and Growth

Today, the Attracting Investment and Creating Jobs Act was passed, making the Eastern Ontario Development Fund permanent and creating the Southwestern Ontario Development Fund. These job-creating regional development funds for eastern and southwestern Ontario will soon be up and running to support local companies that generate local jobs. 



Since the Eastern Ontario Development Fund was established in 2008, it has helped create or retain over 13,200 jobs and leveraged over $595 million in investment across the eastern region. This successful model will now be applied in southwestern Ontario to continue driving job creation.

Attracting investment and building business is a key part of the McGuinty government's plan to create jobs and strengthen the economy. A strong economy protects the services that matter most to Ontario families: health care and education.

Quick Facts

Additional Resources

Quotes

Brad Duguid

“These funds are about creating jobs and driving the economic growth that community and business leaders know to be successful. Our government has listened. And today, we're moving forward with more strong action for Ontario's economy.”

Brad Duguid

Minister of Economic Development and Innovation

“We appreciate the Province's recognition of - and response to - the challenging economic circumstances and strong potential of the economy and communities that make up rural eastern Ontario. This fund can help change the course of economic and social development in our region.”

Mel Campbell

Chair, Eastern Ontario Wardens' Caucus

“We are delighted that the much-needed Southwestern Ontario Development Fund will be up and running, creating jobs and economic growth for the region. This fund marks the beginning of numerous potential wins and expansions within our communities.”

Peter White

Chair, Southwest Economic Alliance

Media Contacts

Share

Tags

Business and Economy Government Home and Community Jobs and Employment Rural and North Taxes and Benefits Aboriginal People Children and Youth Consumers Francophones Newcomers People with Disabilities Seniors Women