Canada, Ontario Invest in Toronto Colleges and Universities
Investment will create jobs, stimulate local economy
The Honourable Tony Clement, Minister of Industry, and the Honourable George Smitherman, Deputy Premier and Minister of Energy and Infrastructure, today announced an investment of $73.9 million to modernize facilities and boost research and training at Ryerson University, the University of Toronto and George Brown College.
The investments include:
- $32.9 million for the renewal of the Image Arts and New Media Teaching and Research Building, Ryerson University
- $30 million for research and skills training at the Centre for Health Sciences on Toronto Waterfront, George Brown College
- $11 million for the Innovation Centre for the Canadian Mining Industry, St. George Campus, University of Toronto
This investment is part of Ontario's 2009 Budget commitment to invest in Ontario's colleges and universities over two years and the federal government's two-year, $2 billion plan to repair and expand research and educational facilities at colleges and universities across Canada.
"Investing in the skills and knowledge of Ontarians is a cornerstone of our government's plan to strengthen the economy," said George Smitherman, Deputy Premier and Minister of Energy and Infrastructure. "By investing in these three great schools today, the Ontario government is supporting new construction and renovation projects which will create construction jobs in the short-term and provide more opportunities for our students to develop the skills they need for the jobs of the future."
"Our government's investment provides significant short-term economic stimulus in local communities throughout Ontario, while at the same time strengthening Canada's long-term capacity for research and innovation," said federal Industry Minister Tony Clement. "The renewal of college and university facilities will encourage more world-class researchers to work in Canada and give them the tools they need to make further discoveries that will benefit Canadians and people around the world."
These joint investments are to help provide economic stimulus and promote employment by creating construction jobs as well as employment for engineers, architects, other tradespeople and technicians. They are also helping to improve teaching facilities and generate the advanced technological infrastructure needed to keep Ontario's colleges and universities at the forefront of scientific advancement.
Demonstrating their commitment to stimulating the economy and creating jobs, both the Governments of Canada and Ontario are moving forward with a number of large-scale infrastructure programs to assist Ontarians when they need it most.