V. Fedeli: Ontario took a significant step towards securing its economic future

"This morning, Ontario took a significant step towards securing its economic future by convening a roundtable discussion with technology leaders from Kanata, Canada's largest tech park. Mr Victor Fedeli, accompanied by Invest Ottawa colleagues, emphasized the importance of strengthening the semiconductor industry for economic resilience, security, and future job creation. The necessity of completing the semiconductor supply chain was underscored by all attendees, with a special appreciation extended to Jabil for providing a tour of their advanced packaging lab.

In light of the ongoing trade tensions, the Ontario government is committed to protecting jobs and industries from the impact of U.S. tariffs. To this end, the $1 billion Protect Ontario Financing Program has been established to support steel, aluminum, and automotive businesses, enabling them to retain workers and maintain vital supply chains.

Furthermore, the government is investing $75 million to train up to 7,800 students for in-demand positions in construction and urban planning. This initiative aims to develop the workforce required to construct homes, highways, and hospitals necessary for growing communities, thereby maintaining Ontario's economic competitiveness in the future.

By taking proactive measures to mitigate the effects of U.S. tariffs, Ontario is demonstrating its commitment to safeguarding its economy and ensuring a secure future for its citizens. The Protect Ontario Financing Program is a significant step in this direction, providing critical support to key industries and protecting jobs for Ontarians."

Victor Fedeli