MAIN HEADING: ECONOMIC DEVELOPMENT AND TRADE PROGRAM - VOTE 902

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This program supports economic growth and job creation in Ontario by: providing leadership for the development of economic policies across the government; promoting community, sector and cluster development; attracting investment in strategic sectors; reducing the burden of government regulation on business through the enterprise-wide Open for Business initiative; supporting entrepreneurship and business start-ups; helping small and medium enterprises grow in domestic and international markets; addressing regional needs and building regional/local economic development capacity; and providing assistance to Ontario communities and industry sectors facing economic development challenges.

The program also promotes Ontario as a premier investment location and world class provider of goods and services by: providing site location services and detailed investment information to meet foreign investors’ needs; offering services to new business immigrants; branding and marketing Ontario internationally; providing programs to assist Ontario companies in developing new export opportunities; and supporting Ontario’s network of ten international offices and the operation of the Ontario Investment and Trade Centre.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2010-11

Estimates
2009-10

Difference
Between
2010-11
and
2009-10

Actual
2008-09

  OPERATING EXPENSE        
12 Economic Development and Trade 318,903,100 399,373,900 (80,470,800) 215,019,592
  TOTAL OPERATING EXPENSE TO BE VOTED 318,903,100 399,373,900 (80,470,800) 215,019,592
Statutory Bad Debt Expense, the Financial Administration Act 2,302,000 2,252,000 50,000 2,807,184
  Total Statutory Appropriations 2,302,000 2,252,000 50,000 2,807,184
  Total Operating Expense 321,205,100 401,625,900 (80,420,800) 217,826,776
  OPERATING ASSETS        
8 Economic Development 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
  Total Operating Assets 126,700,000 124,942,700 1,757,300 36,067,235
  CAPITAL EXPENSE        
7 Economic Development 1,000 2,000 (1,000) -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 2,000 (1,000) -
Statutory Amortization, the Financial Administration Act 1,000 2,000 (1,000) -
  Total Statutory Appropriations 1,000 2,000 (1,000) -
  Total Capital Expense 2,000 4,000 (2,000) -
  CAPITAL ASSETS        
10 Economic Development 1,000 2,000 (1,000) -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 2,000 (1,000) -
  Total Capital Assets 1,000 2,000 (1,000) -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
902-12 Economic Development and Trade      
  Salaries and wages     29,402,200
  Employee benefits     3,719,800
  Transportation and communication     4,171,500
  Services     58,974,000
  Supplies and equipment     1,675,600
  Transfer payments      
     Advanced Manufacturing Investment Strategy - Interest Incentives   12,470,000  
     Communities in Transition   2,000,000  
     Eastern Ontario Development Fund   13,500,000  
     Grants in Support of Economic Development   100,000  
     Institute for Competitiveness and Prosperity   1,000,000  
     Next Generation of Jobs Fund   162,958,200  
     Next Generation of Jobs Fund - Interest Incentives   100,000  
     Ontario Automotive Investment Strategy Fund   15,000,000  
     Grants in Support of Business Development   100,000  
     Ontario Craft Brewers Opportunity Fund   2,000,000  
     Ontario Small Brewers Strategy Fund   1,000,000  
     Ontario Wine Strategy Fund   3,000,000  
     Student Entrepreneurship Experience - Summer Company   750,000  
     Vintners' Quality Alliance Wine Support Program   6,000,000  
     Youth Partnerships   1,531,800  
     Grants in Support of Investment   100,000  
     Grants in Support of Trade Development   100,000 221,710,000
  Subtotal     319,653,100
  Less: Recoveries     750,000
  Total Operating Expense to be Voted     318,903,100
  Sub-Items:      
  Economic Development      
  Salaries and wages   9,537,200  
  Employee benefits   1,105,500  
  Transportation and communication   457,100  
  Services   8,681,000  
  Supplies and equipment   353,600  
  Transfer payments      
     Advanced Manufacturing Investment Strategy - Interest Incentives 12,470,000    
     Communities in Transition 2,000,000    
     Eastern Ontario Development Fund 13,500,000    
     Grants in Support of Economic Development 100,000    
     Institute for Competitiveness and Prosperity 1,000,000    
     Next Generation of Jobs Fund 162,958,200    
     Next Generation of Jobs Fund - Interest Incentives 100,000    
     Ontario Automotive Investment Strategy Fund 15,000,000 207,128,200 227,262,600
  Small Business and Entrepreneurship      
  Salaries and wages   8,203,100  
  Employee benefits   1,095,000  
  Transportation and communication   539,000  
  Services   8,838,100  
  Supplies and equipment   246,000  
  Transfer payments      
     Grants in Support of Business Development 100,000    
     Ontario Craft Brewers Opportunity Fund 2,000,000    
     Ontario Small Brewers Strategy Fund 1,000,000    
     Ontario Wine Strategy Fund 3,000,000    
     Student Entrepreneurship Experience - Summer Company 750,000    
     Vintners' Quality Alliance Wine Support Program 6,000,000    
     Youth Partnerships 1,531,800 14,381,800  
  Subtotal   33,303,000  
  Less: Recoveries   750,000 32,553,000
  Trade and Investment      
  Salaries and wages   11,661,900  
  Employee benefits   1,519,300  
  Transportation and communication   3,175,400  
  Services   41,454,900  
  Supplies and equipment   1,076,000  
  Transfer payments      
     Grants in Support of Investment 100,000    
     Grants in Support of Trade Development 100,000 200,000 59,087,500
  Total Operating Expense to be Voted     318,903,100
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expense, the Financial Administration Act     2,302,000
  Total Operating Expense for Economic Development and Trade Program     321,205,100
  OPERATING ASSETS      
902-8 Economic Development      
  Deposits and prepaid expenses     9,200,000
  Loans and Investments      
     Advanced Manufacturing Investment Strategy   100,000,000  
     Next Generation of Jobs Fund   17,500,000 117,500,000
  Total Operating Assets to be Voted     126,700,000
  Total Operating Assets for Economic Development and Trade Program     126,700,000
  CAPITAL EXPENSE      
902-7 Economic Development      
  Other transactions     1,000
  Total Capital Expense to be Voted     1,000
  Statutory Appropriations      
  Other transactions      
Statutory    Amortization, the Financial Administration Act     1,000
  Total Capital Expense for Economic Development and Trade Program     2,000
  CAPITAL ASSETS      
902-10 Economic Development      
  Land and marine fleet     1,000
  Total Capital Assets to be Voted     1,000
  Total Capital Assets for Economic Development and Trade Program     1,000