Over the past two-and-a-half years Ontario has attracted over $25 billion in auto and EV battery related investments. PHOTO courtesy General Motors.
While employment in Ontario decreased in May 2023, the manufacturing sector saw an increase of 20,100 jobs, points out Vic Fedeli, Minister of Economic Development, Job Creation and Trade for the province.
At a time when the country is still facing inflationary pressures, Fedeli boasted that Ontario’s economy is resilient and can weather any storm.
“We’re training a world-class workforce, cutting red tape and keeping taxes low, all of which are helping to attract new investments and jobs,” Fedeli said, pointing out that over the last two-and-a-half years alone, Ontario has attracted over $25 billion in auto and EV battery-related investments.
“We recently announced an investment of more than $4.7 million to help over 360 technicians and jobseekers gain the skills they need to transition and launch their careers in the automotive manufacturing sector and emerging EV field,” he added.