This program supports economic growth and job creation in Ontario by: attracting investment in key business clusters and sectors, and administering related funding programs; providing assistance to Ontario industry sectors and communities facing economic challenges; providing leadership in the development of economic policies across government; modernizing government and improving services to business through the enterprise-wide Open for Business initiative; promoting Ontario as a premier investment location and world class provider of goods and services; increasing Ontario’s trade by providing assistance to Ontario firms to begin exporting or expand into new markets; leveraging Ontario’s 10 International Marketing Centres and the Ontario Investment and Trade Centre to attract business immigrants, foreign companies and new investment to create jobs in key strategic sectors; supporting Ontario’s high-performing small and medium enterprises through 12 regional Business Advisory Services offices; providing programs and services that assist with business start-up and early stage growth through Ontario’s network of 57 Small Business Enterprise Centres; and promoting entrepreneurship as a viable career option among Ontario’s youth.
VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
---|---|---|---|---|
OPERATING EXPENSE | ||||
902-12 | Economic Development and Trade | |||
Salaries and wages | 30,767,000 | |||
Employee benefits | 4,000,200 | |||
Transportation and communication | 4,122,700 | |||
Services | 50,299,300 | |||
Supplies and equipment | 1,698,400 | |||
Transfer payments | ||||
Communities in Transition | 1,000,000 | |||
Eastern Ontario Development Fund | 15,800,000 | |||
Grants in Support of Economic Development | 400,000 | |||
Institute for Competitiveness and Prosperity | 1,000,000 | |||
Ontario Automotive Investment Strategy Fund | 15,400,000 | |||
Grants in Support of Business Development | 12,200,000 | |||
Student Entrepreneurship Experience - Summer Company | 750,000 | |||
Youth Partnerships | 1,380,500 | |||
Advanced Manufacturing Investment Strategy - Interest Incentives | 7,390,000 | |||
Grants in Support of Trade and Investment | 1,305,000 | |||
Next Generation of Jobs Fund | 125,129,400 | |||
Next Generation of Jobs Fund - Interest Incentives | 100,000 | |||
Strategic Jobs and Investment Fund | 25,000,000 | |||
Strategic Jobs and Investment Fund - Interest Incentives | 17,800,000 | 224,654,900 | ||
Subtotal | 315,542,500 | |||
Less: Recoveries | 750,000 | |||
Total Operating Expense to be Voted | 314,792,500 | |||
Sub-Items: | ||||
Economic Development | ||||
Salaries and wages | 8,639,900 | |||
Employee benefits | 1,125,200 | |||
Transportation and communication | 563,900 | |||
Services | 4,007,900 | |||
Supplies and equipment | 226,500 | |||
Transfer payments | ||||
Communities in Transition | 1,000,000 | |||
Eastern Ontario Development Fund | 15,800,000 | |||
Grants in Support of Economic Development | 400,000 | |||
Institute for Competitiveness and Prosperity | 1,000,000 | |||
Ontario Automotive Investment Strategy Fund | 15,400,000 | 33,600,000 | 48,163,400 | |
Small and Medium Enterprise | ||||
Salaries and wages | 8,471,600 | |||
Employee benefits | 1,109,800 | |||
Transportation and communication | 633,000 | |||
Services | 8,936,000 | |||
Supplies and equipment | 190,000 | |||
Transfer payments | ||||
Grants in Support of Business Development | 12,200,000 | |||
Student Entrepreneurship Experience - Summer Company | 750,000 | |||
Youth Partnerships | 1,380,500 | 14,330,500 | ||
Subtotal | 33,670,900 | |||
Less: Recoveries | 750,000 | 32,920,900 | ||
Trade and Investment | ||||
Salaries and wages | 13,655,500 | |||
Employee benefits | 1,765,200 | |||
Transportation and communication | 2,925,800 | |||
Services | 37,355,400 | |||
Supplies and equipment | 1,281,900 | |||
Transfer payments | ||||
Advanced Manufacturing Investment Strategy - Interest Incentives | 7,390,000 | |||
Grants in Support of Trade and Investment | 1,305,000 | |||
Next Generation of Jobs Fund | 125,129,400 | |||
Next Generation of Jobs Fund - Interest Incentives | 100,000 | |||
Strategic Jobs and Investment Fund | 25,000,000 | |||
Strategic Jobs and Investment Fund - Interest Incentives | 17,800,000 | 176,724,400 | 233,708,200 | |
Total Operating Expense to be Voted | 314,792,500 | |||
Statutory Appropriations | ||||
Other transactions | ||||
Statutory | Bad Debt Expense, the Financial Administration Act | 4,352,000 | ||
Total Operating Expense for Economic Development and Trade Program | 319,144,500 | |||
OPERATING ASSETS | ||||
902-8 | Economic Development | |||
Deposits and prepaid expenses | 500,000 | |||
Loans and Investments | ||||
Advanced Manufacturing Investment Strategy | 51,000,000 | |||
Strategic Jobs and Investment Fund | 50,000,000 | 101,000,000 | ||
Total Operating Assets to be Voted | 101,500,000 | |||
Total Operating Assets for Economic Development and Trade Program | 101,500,000 | |||
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 |