News Release, July 8, 2020
As the province continues to reopen and the economy recovers, it's more critical than ever to position Ontario as a top tier destination for investment, domestic growth, and job creation. A key measure to support this objective is the creation of a new investment attraction agency, Invest Ontario.
Invest Ontario will promote the province as a key investment destination, making Ontario more competitive while sending a strong signal to investors that the province is open for business. It will be a "one stop shop" for businesses and investors. It will move at the speed of business and drive greater economic growth, support strategic domestic firms and attract business from around the world to create good jobs in Ontario. It will initially focus on three important sectors for COVID-19 recovery where Ontario has a globally competitive advantage: advanced manufacturing, life sciences, and technology.
Invest Ontario will include greater business development and deal structuring expertise and build on the many benefits of investing in Ontario, including: a good quality of life, a highly skilled talent pool, a strong and growing innovation sector, and a pro-job creation jurisdiction that can help businesses thrive.