Investing In Innovation For A Strong And Prosperous Ontario
$2.5-Billion Auto Investment Means Hundreds Of High-Skill Jobs
OSHAWA -- The Ontario government is committing up to $235 million to help bring the most comprehensive automotive investment in Canadian history to the province, says Ontario Premier Dalton McGuinty.
"To maintain our competitive advantage, we're strengthening our province by strengthening our people," said Premier McGuinty. "This investment is great news for our economy, our prosperity and for all Ontarians who will benefit from new jobs."
The $2.5-billion Beacon Project by General Motors of Canada Limited (GMCL) will create 500 new jobs in Ingersoll, Oshawa and St. Catharines.
"In today's economy, the best jobs go to the best workers and we want our workforce to be prepared to manage every generation of innovation," said Joe Cordiano, Minister of Economic Development and Trade. "It's great that our Auto Investment Strategy has helped to make this project happen in Ontario."
The project also establishes the Automotive Centre of Excellence (ACE) at the University of Ontario Institute of Technology in Oshawa, to better link auto suppliers, universities, researchers and students in the areas of automotive engineering, design and innovation.
Ontario's investment is part of the McGuinty government's $500-million Automotive Investment Strategy, which supports leading-edge auto manufacturing projects that are worth more than $300 million in investment or that create or retain more than 300 jobs.
Premier McGuinty and Cordiano joined GMCL executives, employees and the local community to celebrate today's announcement.
"We know that Ontario is a lap ahead in the race to attract the best people and to have the best-educated, most highly-skilled and productive workforce in North America," said Premier McGuinty. "By investing in our people, we can ensure that Ontario remains the place to be for years to come."