This program supports economic growth and job creation in Ontario by: providing leadership for the development of economic policies across the government; fostering innovation; promoting community, sector and cluster development; marketing Ontario as a premier investment location and working with investors to locate and expand in Ontario; attracting investment in strategic sectors, such as clean automotive and other green technologies, health and biotechnology research and development, creative industries like digital media and information and communication technologies, pharmaceutical research and manufacturing; increasing Ontario's global exports by working with Ontario small and medium-sized companies to expand their export potential worldwide; and increasing Ontario's international profile through representation in key markets around the world.
VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
---|---|---|---|---|
OPERATING EXPENSE | ||||
902-1 | Industry and Cluster | |||
Salaries and wages | 8,572,800 | |||
Employee benefits | 1,077,300 | |||
Transportation and communication | 1,117,900 | |||
Services | 15,760,400 | |||
Supplies and equipment | 455,600 | |||
Transfer payments | ||||
Advanced Manufacturing Investment Strategy - Interest Incentives | 17,690,500 | |||
Grants in Support of Industry Development | 100,000 | |||
Institute for Competitiveness and Prosperity | 1,000,000 | |||
Large Scale Strategic Investment Fund | 5,016,400 | |||
Next Generation of Jobs Fund | 125,900,000 | |||
Next Generation of Jobs Fund - Interest Incentives | 100,000 | |||
Ontario Automotive Investment Strategy Fund | 108,327,000 | |||
Ontario Automotive Investment Strategy Fund - Interest Incentives | 24,147,000 | |||
Regional and Local Economy Transformation Strategy | 2,000,000 | |||
Strategic Manufacturing Investment | 40,832,000 | |||
Strategic Skills Investment | 2,100,000 | 327,212,900 | ||
Total Operating Expense to be Voted | 354,196,900 | |||
Statutory Appropriations | ||||
Other transactions | ||||
Statutory | Bad Debt Expense, the Financial Administration Act | 2,000,000 | ||
902-9 | Investment and Trade | |||
Salaries and wages | 11,574,200 | |||
Employee benefits | 1,461,500 | |||
Transportation and communication | 6,708,400 | |||
Services | 42,284,200 | |||
Supplies and equipment | 2,470,200 | |||
Transfer payments | ||||
Grants in Support of Investment and Trade Development | 200,000 | |||
Total Operating Expense to be Voted | 64,698,500 | |||
Total Operating Expense for Economic Development and Trade Program | 420,895,400 | |||
OPERATING ASSETS | ||||
902-8 | Economic Development | |||
Deposits and prepaid expenses | 6,100,000 | |||
Loans and Investments | ||||
Advanced Manufacturing Investment Strategy | 100,000,000 | |||
Next Generation of Jobs Fund | 12,500,000 | |||
Ontario Automotive Investment Strategy Fund | 29,278,400 | 141,778,400 | ||
Total Operating Assets to be Voted | 147,878,400 | |||
Total Operating Assets for Economic Development and Trade Program | 147,878,400 |