MAIN HEADING: Economic Development, Trade and Employment Program - VOTE 902

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Economic Development, Trade and Employment Program - VOTE 902

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 and championing economic development research; modernizing government and improving services to business through the enterprise-wide Open for Business initiative; working with partner ministries, agencies and stakeholders to promote social entrepreneurship in Ontario; 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; providing leadership in dispute management and international and inter-provincial trade negotiations; leveraging Ontario's 11 International Marketing Centres; developing investment opportunities through investment lead generation activities; supporting Ontario's high-performing small and medium enterprises through 12 regional Business Advisory Services offices; promoting entrepreneurship as a viable career option among Ontario's youth; making Ontario accessible by developing, reviewing and overseeing organizations' compliance with accessibility standards; forging strategic partnerships to promote accessibility initiatives; and providing public education, tools and resources for accessibility planning and programming, including promoting employment opportunities for people with disabilities.

Vote Summary
($)
ITEM # ITEM

Estimates
2014-15

Estimates
2013-14

Difference
Between
2014-15
and
2013-14

Actual
2012-13

  OPERATING EXPENSE        
13 Economic Development, Trade and Employment 419,209,200 356,331,000 62,878,200 256,509,318
15 Accessibility Directorate of Ontario 15,071,800 16,144,500 (1,072,700) 12,052,011
Total Including Special Warrants 434,281,000 372,475,500 61,805,500 268,561,329
Less: Special Warrants 52,000,000 - 52,000,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 382,281,000 372,475,500 9,805,500 268,561,329
Special Warrants 52,000,000 - 52,000,000 -
S Bad Debt Expense, the Financial Administration Act 1,426,000 1,946,000 (520,000) 10,742,850
  Total Statutory Appropriations 1,426,000 1,946,000 (520,000) 10,742,850
  Total Operating Expense 435,707,000 374,421,500 61,285,500 279,304,179
  OPERATING ASSETS        
14 Economic Development, Trade and Employment 38,603,000 50,504,000 (11,901,000) 21,353,122
Total Including Special Warrants 38,603,000 50,504,000 (11,901,000) 21,353,122
Less: Special Warrants 15,000,000 - 15,000,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 23,603,000 50,504,000 (26,901,000) 21,353,122
Special Warrants 15,000,000 - 15,000,000 -
  Total Operating Assets 38,603,000 50,504,000 (11,901,000) 21,353,122
  CAPITAL EXPENSE        
21 Economic Development, Trade and Employment 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 1,000 - -
S Amortization, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Capital Expense 2,000 2,000 - -
  CAPITAL ASSETS        
22 Economic Development, Trade and Employment 1,000 1,000 - -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 1,000 - -
  Total Capital Assets 1,000 1,000 - -




Standard Account by Item and Sub-Items
($)
VOTE-
ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
902-13 Economic Development, Trade and Employment      
      Salaries and wages     41,991,200
      Employee benefits     5,891,600
      Transportation and communication     5,181,400
      Services     42,160,300
      Supplies and equipment     2,268,400
      Transfer payments      
          Advanced Manufacturing Investment Strategy - Interest Incentives   250,000  
          Communities in Transition   2,000,000  
          Eastern Ontario Development Fund   20,000,000  
          Eastern Ontario Development Fund – Interest Incentives   100,000  
          Investment Ready: Certified Site   500,000  
          Jobs and Prosperity Fund   162,073,400  
          Next Generation of Jobs Fund   29,780,300  
          Sector Support Grants   19,635,000  
          Southwestern Ontario Development Fund   20,000,000  
          Southwestern Ontario Development Fund – Interest Incentives   100,000  
          Strategic Jobs and Investment Fund   35,920,000  
          Strategic Jobs and Investment Fund - Interest Incentives   1,680,000  
          Water Technology Acceleration Project   1,500,000  
          Institute for Competitiveness and Prosperity   1,000,000  
          Ontario Youth Entrepreneurship Fund   11,500,000  
          Social Enterprise Demonstration Fund   2,000,000  
          Student Entrepreneurship Experience - Summer Company   900,000  
          Youth Partnerships   1,380,500  
          Youth Skills Connections   12,500,000 322,819,200
  Subtotal     420,312,100
  Less: Recoveries     1,102,900
  Total Operating Expense     419,209,200
  Sub-Items:      
  Economic Development, Investment and Industry      
      Salaries and wages   21,087,200  
      Employee benefits   3,143,100  
      Transportation and communication   2,165,300  
      Services   7,847,400  
      Supplies and equipment   996,400  
      Transfer payments      
          Advanced Manufacturing Investment Strategy - Interest Incentives 250,000    
          Communities in Transition 2,000,000    
          Eastern Ontario Development Fund 20,000,000    
          Eastern Ontario Development Fund – Interest Incentives 100,000    
          Investment Ready: Certified Site 500,000    
          Jobs and Prosperity Fund 162,073,400    
          Next Generation of Jobs Fund 29,780,300    
          Sector Support Grants 19,635,000    
          Southwestern Ontario Development Fund 20,000,000    
          Southwestern Ontario Development Fund – Interest Incentives 100,000    
          Strategic Jobs and Investment Fund 35,920,000    
          Strategic Jobs and Investment Fund - Interest Incentives 1,680,000    
          Water Technology Acceleration Project 1,500,000 293,538,700  
      Subtotal   328,778,100  
      Less: Recoveries   202,900 328,575,200
  Policy and Strategy      
      Salaries and wages   9,887,000  
      Employee benefits   1,317,400  
      Transportation and communication   358,700  
      Services   4,465,700  
      Supplies and equipment   501,500  
      Transfer payments      
          Institute for Competitiveness and Prosperity 1,000,000    
          Ontario Youth Entrepreneurship Fund 11,500,000    
          Social Enterprise Demonstration Fund 2,000,000    
          Student Entrepreneurship Experience - Summer Company 900,000    
          Youth Partnerships 1,380,500    
          Youth Skills Connections 12,500,000 29,280,500  
      Subtotal   45,810,800  
      Less: Recoveries   900,000 44,910,800
  Trade and Marketing      
      Salaries and wages   11,017,000  
      Employee benefits   1,431,100  
      Transportation and communication   2,657,400  
      Services   29,847,200  
      Supplies and equipment   770,500 45,723,200
  Total Operating Expense     419,209,200
  Statutory Appropriations      
      Other transactions      
Statutory         Bad Debt Expense, the Financial Administration Act     1,426,000
902-15 Accessibility Directorate of Ontario      
      Salaries and wages     5,690,900
      Employee benefits     815,400
      Transportation and communication     143,000
      Services     6,683,700
      Supplies and equipment     238,800
      Transfer payments      
          Enabling Change     1,500,000
  Total Operating Expense     15,071,800
  Total Operating Expense for Economic Development, Trade and Employment Program     435,707,000
  OPERATING ASSETS      
902-14 Economic Development, Trade and Employment      
      Deposits and prepaid expenses     503,000
      Loans and Investments      
          Advanced Manufacturing Investment Strategy   5,500,000  
          Debt Service Guarantee   7,100,000  
          Eastern Ontario Development Fund   1,000,000  
          Southwestern Ontario Development Fund   1,000,000  
          Strategic Jobs and Investment Fund   23,500,000 38,100,000
  Total Operating Assets     38,603,000
  Total Operating Assets for Economic Development, Trade and Employment Program     38,603,000
  CAPITAL EXPENSE      
902-21 Economic Development, Trade and Employment      
      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, Trade and Employment Program     2,000
  CAPITAL ASSETS      
902-22 Economic Development, Trade and Employment      
      Land and marine fleet - asset costs     1,000
  Total Capital Assets to be Voted     1,000
  Total Capital Assets for Economic Development, Trade and Employment Program     1,000