[We’re] investing in our manufacturing sectors. Since 2019, Ontario has provided companies with $74 million to help businesses expand operations and become more globally competitive through the Regional Development Program. This funding has helped to facilitate $804 million in investments for 71 projects that will create more than 1,425 jobs in the province.
To ensure we remain competitive, we have lowered taxes, reduced electricity costs, and cut red tape. Over the last two years, Ontario has attracted $16 billion in investments by global automakers and suppliers of electric vehicle batteries and battery materials, and nearly $3 billion in investments by global biomanufacturers.
We continue to invest in training to help more people launch rewarding careers in the skilled trades. Since the Skills Development Fund launched in February 2021, we have invested $660 million to deliver 388 training projects. These projects have helped more than 400,000 workers and jobseekers take the next step in their careers in in-demand industries.
Building Ontario means building a strong and resilient economy that can weather any storm. No matter what the future may hold, we will be ready. We are leaving no stone unturned as we continue to build a stronger Ontario and work to create new opportunities for the people and businesses across the province.”