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The Ministry provides leadership in sustaining and enhancing the economic competitiveness and growth of Ontario businesses by: ensuring Ontario remains a leader in North American auto production; stimulating investment and attracting skilled jobs; forging stronger economic development partnerships with municipalities, the federal government and private sector business; reducing the burden of government regulation on business through the Open for Business initiative; supporting industries with high potential for creating sustainable, quality jobs in key sectors of the new economy, e.g. communications technologies, advanced health technologies, financial services, life sciences and other sectors; providing strategic support on inter-provincial / international trade negotiations; and supporting the growth of small business. The Ministry works with its network of Small Business Enterprise Centres and other key stakeholders across the province to provide programs and services to support business start-up and early stage growth, and to promote entrepreneurship as a viable career option among Ontario’s youth.

The Ministry is also focused on promoting trade and diversifying Ontario’s export markets. The Ministry plays a critical role in strengthening Ontario’s international profile as a premier location for investment and promoting Ontario’s world class goods and services by assisting Ontario exporters.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2010-11

Estimates
2009-10

Difference
Between
2010-11
and
2009-10

Actual
2008-09

  OPERATING EXPENSE        
901   Ministry Administration Program 14,813,400 16,948,800 (2,135,400) 14,707,256
902   Economic Development and Trade Program 318,903,100 399,373,900 (80,470,800) 215,019,592
  TOTAL OPERATING EXPENSE TO BE VOTED 333,716,500 416,322,700 (82,606,200) 229,726,848
Statutory Appropriations 2,399,360 2,381,028 18,332 2,916,250
  Ministry Total Operating Expense 336,115,860 418,703,728 (82,587,868) 232,643,098
   Net Adjustment - Ontario Immigrant Investor Corporation 13,723,000 10,629,400 3,093,600 12,449,000
  Total Including Consolidation & Other Adjustments 349,838,860 429,333,128 (79,494,268) 245,092,098
           
  OPERATING ASSETS        
902   Economic Development and Trade Program 126,700,000 124,942,700 1,757,300 36,067,235
  TOTAL OPERATING ASSETS TO BE VOTED 126,700,000 124,942,700 1,757,300 36,067,235
  Ministry Total Operating Assets 126,700,000 124,942,700 1,757,300 36,067,235
           
  CAPITAL EXPENSE        
902   Economic Development and Trade Program 1,000 2,000 (1,000) -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 2,000 (1,000) -
Statutory Appropriations 1,000 2,000 (1,000) -
  Ministry Total Capital Expense 2,000 4,000 (2,000) -
           
  CAPITAL ASSETS        
902   Economic Development and Trade Program 1,000 2,000 (1,000) -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 2,000 (1,000) -
  Ministry Total Capital Assets 1,000 2,000 (1,000) -
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 349,840,860 429,337,128 (79,496,268) 245,092,098

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA