Ontario’s advanced manufacturing industry is a top driver of Canada’s economic performance. In 2015 alone, manufacturing sales in Ontario contributed nearly $290 million in GDP and sustained nearly 800,000 high-quality jobs. One of the reasons for this success is because Ontario government funding supports manufacturing investments that lead to productivity improvements, innovation, and international exports….
Canada’s leading advanced technology businesses continue to thrive because of constant investments into innovative R&D. In 2015 alone, the Canadian technology industry contributed more than $9.1 million towards innovative research and development initiatives. This is a calculated approach to growth, since research typically leads to innovation and to international competitiveness. As one of the world’s…
Technology firms are among the largest and fastest growing companies in Canada. In 2015 alone, Canada’s advanced technology industry consisted of over 71,000 firms who contributed over $117 billion in economic output. This is largely based on their willingness to take risks and invest in research and development activities. There are, however, some regions in…
In order for Canadian businesses to develop innovative products and processes, a generation of skilled researchers and labourers must be raised. But despite the clear connection between research, engineering, and success in globally-competitive industries, 35% of Canadian manufacturers and exporters are unable to find and retain skilled labour. This disconnect is limiting growth potential and…
Ontario is positioned to become a leader in advanced marine technologies. Not only do Ontario-based companies have access to skilled employees, but our proximity to the Great Lakes region supports better product testing and commercialization opportunities. The government realizes this opportunity and has begun investing in marine technology companies. On November 8, 2016, the Ontario…
The Kultrun World Music Festival is a free, two-day community event held in Kitchener, Ontario. For the past three years, the festival has celebrated world music and cultural diversity by showcasing a variety of musicians and other performers. To deliver this festival for free, event organizers Neruda Arts used corporate sponsorships and Ontario government grants…
Ontario’s economic health is largely affected by manufacturing exports. In 2015, Ontario manufacturers generated nearly $290 billion in revenue; approximately $197 billion of this was from international customers. Manufacturers who export their products play a valuable role in boosting the province’s economy, from creating high value jobs to generating wealth that fuels future investments. But…
To stay competitive in the automotive industry, manufacturers must find innovative solutions to differentiate themselves and their products. Investing in new research and technology developments can enable both small and large manufacturing businesses to achieve higher profits, and become more competitive. In support of this ideology, Magna International Inc. has invested in the development of…
Every day, Canadian hospitals create environmental and health and safety hazards by expelling destructive greenhouse gases (GHGs) into the atmosphere. Surgical operations requiring the use of halogenated anaesthetic drugs release alarmingly high amounts of carbon dioxide emissions. With approximately 54,000 operating facilities in Canada, GHGs produced could soon exceed amounts comparable to two million vehicles….
The economic development of northern Ontario is extremely important to all levels of government. To grow and sustain businesses in the region, government grants and loans can be obtained to offset a portion of project costs. This funding is allocated by governments on a regional basis, and is usually determined on population or development potential….