Open Ontario Plan Creates Jobs and Economic Growth
McGuinty Government Takes Measures to Help Families and Businesses
Ontario passed legislation that will advance its five-year Open Ontario plan to create new opportunities for jobs and growth.
Earlier today, the province passed the Creating the Foundation for Jobs and Growth Act, 2010, which includes measures announced in the 2010 Budget that support the Open Ontario plan. The Act also sets out the government's ongoing investments in health care, public education, skills training, infrastructure, a greener Ontario, support for key economic sectors and its tax plan for jobs and growth.
As part of the 2010 Budget, the province will invest $310 million annually in postsecondary operating grants, which will add 20,000 new spaces to colleges and universities starting this September. It also opens northern Ontario to new investment and jobs by creating a program to reduce electricity prices for qualifying large industries and promoting the north's Ring of Fire, reported to have the potential for a large deposit of chromite, as well as other minerals.
- The 2010 Budget lays out a balanced plan that continues to attract investment, create jobs and fund public services, while managing responsibly, by:
- Implementing full-day learning for four- and five-year-olds, beginning this September.
- Stepping in to fill the gap left by the federal government by investing $63.5 million a year to help fund child care.
- Creating and protecting more than 300,000 jobs over two years through investments in roads, bridges, public transit, energy retrofits and other infrastructure.
- Laying out a balanced plan to eliminate the deficit in eight years and to cut it in half in five years.
“The McGuinty government's Open Ontario plan supports job creation and enhances programs and services for Ontarians. Canada 's economic growth will lead the G7 out of the global recession and Ontario will lead Canada - our plan is working.”