Rebuilding Ontario’s Economy
Rebuilding Ontario’s Economy is the first pillar of the government’s plan. While Ontario lost 300,000 manufacturing jobs between 2004 and 2018, the government has a plan to help create jobs and build prosperity everywhere, for everyone.
Highlights include:
- Seizing Ontario’s critical minerals opportunity begins in the north. Critical minerals will become part of the future of clean steel, batteries and hybrid and electric vehicles as the next generation of automobiles are built in Ontario, by Ontario workers and sold across North America and the world. The government’s plan includes up to $1 billion for legacy infrastructure, such as all-season roads to the Ring of Fire, building the corridor to prosperity. The plan is also supported by a Critical Mineral Strategy and $2 million in 2022-23 and $3 million in 2023-24 to create a Critical Minerals Innovation Fund.
- Helping create good manufacturing jobs as Ontario becomes a North American leader in building the vehicles of the future. As of early April 2022, Ontario has seen more than $12 billion in new investments for vehicle production mandates and battery manufacturing over the past 18 months. Ontario is also supporting investments to help make the province a world-leading producer of clean, low-emission steel to help build automobiles in the province.
- Working to bring jobs at provincial agencies to communities across Ontario to help spur economic growth. This begins with exploring the relocation of the headquarters of the Workplace Safety and Insurance Board (WSIB) to London, working in close partnership with the agency and other partners, and identifying main street communities to headquarter new government agencies.
- Investing nearly $107 million over the next three years to help the province compete with jurisdictions in a global race to develop and own critical technologies.
- Nearly $4 billion to support high-speed internet access to every community in Ontario by the end of 2025.
