Youth Jobs Strategy Gaining Momentum
Ontario Working with Partners to Create More Job Opportunities for Youth
Ontario is kicking-off consultations on the Youth Jobs Strategy to help connect young people with good jobs. Key youth, business, education, labour and non-profit leaders came together in Toronto to advise the government on ways to increase opportunities for youth employment and to encourage entrepreneurship and innovation.
Ontario's 2013 Budget introduced the government's Youth Jobs Strategy to help more young people find jobs or start their own businesses, while helping employers find the skilled workers they need to thrive in the global economy.
If the Budget is passed, the government would invest $295 million over two years to create employment opportunities for about 30,000 youth, while promoting innovation and entrepreneurship. The strategy would focus on four core programs, including:
- The Ontario Youth Employment Fund, which would create new job opportunities for youth across Ontario.
- The Ontario Youth Entrepreneurship Fund, which would support the next generation of entrepreneurs through mentorship, startup capital and outreach.
- The Ontario Youth Innovation Fund, which would help youth lead industrial research, development and commercialization.
- The Business-Labour Connectivity and Training Fund, which would bring together business, labour, educators and youth to identify and develop the skills young people need to succeed.
Helping youth succeed in a 21st-century economy is part of the new Ontario government's plan to build a prosperous and fair province.
- The $195-million Ontario Youth Employment Fund would be available as early as September 2013.
- The government will hold consultations on the Youth Jobs Strategy across the province throughout May.
- Ontario’s Summer Company program helped Ontario students launch more than 480 businesses in 2012.
- Since June 2009, Ontario has created 401,900 jobs, recovering all the jobs lost in the recession.
“Ontario youth are talented, capable and ready to put their world-class educations to work. We’re partnering with employers, educators, labour and non-profits to ensure that our economy benefits from the full participation of our young people. It’s important not only for our youth today, but for the future economic success of our province.”
Dr. Eric Hoskins
“Our goal – youth, government, the private sector, non-profits and institutions – is to work closely with one another to ensure that Ontario’s youth get the opportunities they need and the jobs that they deserve.”