Friday, May 11, 2012

FW: Strong Appointment Action For Ontario's Economy

 

 

From: Ontario News [mailto:newsroom@ontario.ca]
Sent: Friday, May 11, 2012 10:34 AM
To: mbannerman@arcstarenergy.com
Subject: Strong Action For Ontario's Economy

 

Strong Action For Ontario's Economy

May 11, 2012

McGuinty Government Appoints Jobs and Prosperity Council Chair

The McGuinty government has appointed Gordon Nixon, President and CEO of the Royal Bank of Canada, as Chair of the Jobs and Prosperity Council.

As announced in the 2012 Budget, the Council will be composed of leaders from business, labour, academia, government and non-government organizations and will report directly to the Premier. The Jobs and Prosperity Council will generate new ideas and approaches aimed at improving Ontario's long-term productivity and competitiveness.

Providing the right climate to attract investment, create jobs and grow the economy is part of the McGuinty government's plan to create a vibrant economy.  A strong economy creates jobs for Ontarians and protects the services that matter most to Ontario families -- health care and education.

QUOTES

"Gordon Nixon gets it: strong action for Ontario's economy means that everyone has to work together to embrace the challenges before us. He is a recognized business leader, and has my trust and confidence to lead the Jobs and Prosperity Council. With his help, we will all be rowing in the same direction to face our common goal of increasing productivity and creating jobs."

 – Dalton McGuinty
Premier of Ontario

"I am optimistic about Ontario's economic future, and we look forward to the advice we will receive from the Jobs and Prosperity Council. Gordon Nixon is a strong and innovative leader, with a broad range of experience and we will benefit tremendously from his leadership in this role."

 – Brad Duguid
Minister of Economic Development and Innovation

"By bringing together a diverse group of leaders, the Jobs and Prosperity Council is uniquely positioned to advise the government on job creation and productivity. That the Premier has established this Council reflects his understanding that we must all work together to address our current economic challenges."

 – Gordon Nixon
President and CEO of the Royal Bank of Canada

QUICK FACTS

  • The 2012 Budget takes strong action to eliminate Ontario's deficit by 2017-18 while protecting health care and education, all of which is essential to creating jobs and growing the economy.
  • Ontario's economy is projected to grow at 1.7 per cent in 2012, 2.2 per cent in 2013 and 2.4 per cent in 2014.
  • In 2011, Ontario ranked first of all major jurisdictions in North America in foreign direct investment per capita, according to fDi Intelligence (Financial Times Ltd).
  • Ontario attracted 840 foreign direct investment projects between 2003-2011, accounting for about $50 billion and over 97,500 jobs, according to fDi Intelligence (Financial Times Ltd).
  • In 2011, more than 121,000 jobs were created in Ontario -- with full-time employment increasing by 123,400.
  • Ontario has cut taxes on business investment in half, making the province more competitive and encouraging new business investments.



Office of the Premier
ontario.ca/premier

 

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