Ed Clark Named as Premier's Business Advisor
Special Advisor Will Help Drive Initiatives to Grow a Vibrant and Dynamic Economy
Premier Kathleen Wynne has appointed Ed Clark to advise the government on how it can advance today's economy and prepare for the economy of tomorrow.
As the Premier's Business Advisor, Clark will provide advice on a strategic framework and cross-sectoral approach to growing a vibrant and dynamic economy in Ontario, as well as recommendations on how the government can do its part as the province moves toward a more knowledge-based economy. Clark will also identify key initiatives for an action plan focused on the government's commitment to foster an innovative and dynamic business environment. Key recommendations will be available next spring.
Clark, former Group President and CEO of TD Bank Group, also chairs the Premier's Advisory Council on Government Assets, which is expected to submit its final report this fall. The government is moving ahead on recommendations the Council made in April to unlock the value of certain public assets to help support the largest infrastructure investment in Ontario's history. The province is investing more than $130 billion over 10 years for roads, bridges, transit, hospitals and schools.
Creating a dynamic, innovative environment where business thrives is a key pillar of the government's four-part plan for Ontario. The plan also includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, and building a secure retirement savings plan.
- Clark will not receive any remuneration as the Premier’s Business Advisor. He will be reimbursed for reasonable expenses incurred in carrying out his duties in accordance with the Management Board of Cabinet’s Travel, Meal and Hospitality Expenses Directive.
- Support for the Premier's Business Advisor will be provided by the Ministry of Economic Development, Employment and Infrastructure, which will work cooperatively with other ministries as needed, as well as the Secretariat established to support the Premier’s Advisory Council on Government Assets.
- The government is implementing recommendations made by the Premier’s Advisory Council on Government Assets, chaired by Clark, including broadening the ownership of Hydro One, which will generate about $4 billion for investment in infrastructure. It is also changing the way beer is sold in Ontario by expanding the sale of beer to up to 450 grocery stores, strengthening the position of small and craft brewers, and piloting the sale of 12-packs of beer in 10 LCBO stores.
- The government is on track to balance the budget by 2017–18. The deficit for 2015–16 is forecast to be $8.5 billion, the lowest deficit forecast since the 2008–09 global recession.
“We know that government has an important role to play in creating the conditions for business to succeed. I am looking forward to Ed Clark’s recommendations on how we can foster a business climate that will strengthen our economy and support job creation, today and in the future.”
“I am delighted to work with the government to help recommend changes that will form the conditions necessary for the private sector to create jobs and improve productivity. These include examining ways in which governments can remove barriers to growth — including government-made impediments — and how the public and private sectors can work together to leverage their strengths.”