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FAST FACT
ONTARIO IS HOME TO ALMOST 40% OF ALL HEAD OFFICES AND 57% FOREIGN-CONTROLLED HEAD OFFICES IN CANADA.
With the rise of the global business model, Ontario, Canada, has emerged as an efficient, North American hub for advanced manufacturing, services and R&D.
Savvy multinationals have built Ontario operations to produce world-class products for global markets. Some examples?
Toyota’s Ontario plant is the only site outside Japan to produce the luxury Lexus.
Messier-Dowty manufactures landing gear systems in Ontario for some of the biggest names in aerospace including Boeing, Bombardier, Dassault and Raytheon.
GlaxoSmithKline produces medications worth billions each year in Ontario, 80% of which are exported to more than 70 countries.
More than 8 million people around the world use BlackBerry wireless devices invented, manufactured and marketed by Research in Motion (RIM) of Ontario.
World-leading companies have discovered that Ontario offers an exceptional business environment and a government that welcomes business innovation.
Come to where the partnership works smoothly.
Come to Ontario
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FAST FACT
ONTARIO’S ADVANCED MANUFACTURING INVESTMENT STRATEGY HAS SO FAR SUPPORTED SEVEN INNOVATIVE PROJECTS THAT WILL GENERATE MORE THAN $300 MILLION IN NEW INVESTMENTS AND SUPPORT THE CREATION OR RETENTION OF ABOUT 2,700 JOBS.
In today’s global business model, companies locate their manufacturing, R&D and service centres wherever they find the best combination of talent, cost-efficiencies and market access.
World leading companies in advanced manufacturing industries, life sciences, telecommunications and financial services have invested billions to start or expand their operations in Ontario. Companies like Denso, Honda, HBPO, Magna International, Bombardier, DuPont, MDS, sanofi pasteur, Nortel, IBM, Dell, Manulife, ING, Citibank and many, many more.
What’s behind Ontario’s success?
We offer:
Growth shaped by a sophisticated economic strategy
Just as companies compete for market share, the Ontario government has developed a sophisticated, competitive economic strategy with policies and programs that help companies innovate and grow.
Programs such as the Ontario Automotive Investment Strategy. Launched in 2004, has leveraged more than $6 billion in investments from world leaders such as GM, Toyota, Linamar and DaimlerChrysler by supporting skills training, innovation, public infrastructure, new environmental technologies and energy efficiencies.
Since 2003, companies have invested more than $126 billion to expand in Ontario. Why? Because it makes good business sense, both for today’s bottom line and tomorrow’s sustainable growth. During 2006–2007, corporate profits as a share of Ontario’s GDP rose to 11.6%, well above the historical average of 9.9%.
And those investments have been good for Ontario. Since 2003, more than 327,000 net new jobs have been created and personal incomes have increased by more than 14%.
Success in today’s fiercely competitive global marketplace calls for a partnership between business and government.
Come to where the partnership works smoothly.
Come to Ontario.
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As Canada's manufacturing, R&D and financial centre and a world leader in mineral production, Ontario's economy is deeply connected to global markets. Total trade between Ontario companies and their business partners around the world has reached $1 billion per day.
We're part of the affluent, $15+ trillion NAFTA market, which means that most Ontario products enter the United States and Mexico duty-free. We also have well-established and growing trade relationships with markets throughout Europe, Asia-Pacific and the rest of the world.
The interconnections between global markets and global business models become stronger every year. Made-in-Ontario products and technologies are welcomed in world markets. They are recognized for their exceptional quality, whether it’s Bombardier subway cars or DNA Genotek’s revolutionary DNA collection kit or Open Text’s enterprise content management software.
Companies come to Ontario because of the market access; they expand because of the quality. Toyota, for example, manufactures its luxury Lexus RX 350 here—the only place in the world outside Japan with a Lexus mandate.
Strengthening international relationships
International trade and investment play a vital role in our economy. Ontario's global marketing strategy is designed to keep those worldwide relationships healthy and strong.
We have opened Ontario marketing centres in New York, Los Angeles, Tokyo, Shanghai, New Delhi, Munich, London and in 2007 – Paris, Mexico City and Beijing. Staff in these centres connect Ontario exporters with new markets and multinational companies with investment opportunities in Ontario communities.
To further strengthen relationships with leaders in key markets, Ontario’s Premier has led high-level trade missions to China, Japan, India and Pakistan.
In recognition of his success as an international trade and investment ambassador, fDi (Foreign Direct Investment) magazine, part of the Financial Times group of London, selected Ontario Premier Dalton McGuinty as their "Personality of the Year 2006."
When companies come to Ontario, they discover a government that understands what it takes to compete and win in global markets.
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FAST FACT
WE SPEAK MORE THAN 100 LANGUAGES IN ONTARIO, WHICH MEANS WE CAN WORK WITH YOUR CUSTOMERS AND SUPPLIERS IN THEIR OWN LANGUAGE, ANYWHERE IN THE WORLD.
Innovation drives business growth. That simple fact seems to become more true with every passing year.
We have a rich history of producing innovations that change the world, from heart pacemakers to BlackBerry wireless devices to the Maya software that brings to life spectacular Hollywood movies such as Lord of the Rings and Star Wars.
Corporate and public sector researchers conduct more than $8.5 billion in R&D every year in Ontario. We are home to world-leading researchers who are exploring virtually every area of advanced manufacturing, life sciences and information and communications technologies.
That critical mass of research talent makes Ontario a destination-of-choice for both international buyers searching for innovative technologies and for international companies looking to develop their next breakthrough.
New ideas fuel Ontario’s knowledge economy
Recognizing that tomorrow’s economic growth depends on today’s investments, Ontario has developed an innovation strategy focused on rapidly commercializing new discoveries in priority growth sectors such as advanced materials, ICT and life sciences.
Our R&D tax incentive program is one of the most generous in the world. The after-tax cost of $100 in R&D spending can be reduced to less than $41.
The Ontario government has committed close to $1.4 billion over five years to support research and commercialization at our universities, colleges, hospitals and research institutes.
We’re investing in public-private sector projects such the MaRS centre in downtown Toronto, a state-of-the-art convergence centre that brings cutting-edge researchers, leading venture capitalists and growing life sciences companies together under one roof.
We’re helping companies adopt advanced production technologies that increase their global competitiveness. Ontario’s Advanced Manufacturing Investment Strategy has provided interest-free loans to, among others:
Ontario has the researchers and the know-how to develop breakthrough technologies and services. It’s no wonder buyers and investors worldwide keep Ontario on their short-list of jurisdictions to watch.
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FAST FACT
IN A SURVEY BY "The Scientist Magazine", 35,000 RESEARCHERS AROUND THE WORLD RANKED THE UNIVERSITY OF TORONTO AS THE BEST PLACE TO WORK OUTSIDE THE U.S.
Products, people and ideas flow smoothly in and out of Ontario.
Our transportation and telecom infrastructures are extensive, sophisticated and integrated with U.S. and global systems. They make supply chain management easier. Ontario businesses can meet demanding just-in-time delivery schedules whether customers are across town or around the world.
Fifteen road, rail and marine border-crossings provide access to the U.S. market. Business centres like Toronto, Hamilton, Ottawa, Thunder Bay and London are a two–to–three hour flight from major U.S. cities such as Chicago, Detroit, New York and Boston.
We have five international and more than 80 regional airports. Toronto’s Pearson International Airport—Canada’s premier air passenger and cargo gateway—is serviced by 75+ carriers offering same-plane service to 49 cities in the U.S. and 79 cities abroad.
Investing in critical infrastructure
Ontario’s five year, $25 billion infrastructure investment program has been carefully designed to provide a solid foundation for economic and business growth. It includes:
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FAST FACT
A HIGHER PERCENTAGE OF ONTARIO WORKERS HAVE COMPLETED THEIR POST-SECONDARY EDUCATION THAN IN ANY G7 COUNTRY.
FAST FACT
46% OF CANADA'S HIGHLY SKILLED LABOUR FORCE, THOSE WITH MASTERS OR Ph.Ds, RESIDE IN ONTARIO..
It takes specialized knowledge and sophisticated skills to produce the high-value products and services that Ontario exports to global markets.
Knowledge-based industries, whether they’re in advanced manufacturing, ICT development, life sciences or consulting services, need access to a large pool of educated, skilled and reliable workers. They find it in Ontario.
A network of 20 universities and 24 colleges trains students in every field from the skilled trades to the most advanced areas of science, engineering and business. Our universities and colleges produce more than 29,000 graduates a year in mathematics, engineering and science.
Developing a better-educated workforce
Ontario has an excellent post-secondary system. Universities like the University of Toronto, McMaster, Western, Waterloo and Queen’s are internationally recognized for the calibre of their programs and graduates.
The Ontario government has launched Reaching Higher, a $5 billion investment strategy to make the system even better.
The goal is to open the doors wider so more students can enrol and have access to the state-of-the-art equipment and lab facilities they need to make the next generation of research discoveries.
And to encourage students to pursue trades, create incentives for employers and help workers upgrade their skills, Ontario launched the $1.8 billion Jobs and Skills Renewal strategy. A key element of the strategy has been the new Apprenticeship Training Tax Credit that provides companies with a 25% refundable tax credit on salaries and wages paid to new apprentices. We’re on track to meet our goal of 26,000 new registered apprentices a year by 2007-08.
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When it comes to core operating costs, Ontario businesses have a solid advantage.
KPMG’s comprehensive 2006 Competitive Alternatives study of international business costs reported – once again – that Canada’s costs are the most competitive of the G7 countries with clear leadership in business-critical areas such as R&D, software development and corporate services.
Another international survey – this one conducted by Boyd Consulting, New Jersey – compared the cost of operating a biomedical research and product development facility in 50 North American and European cities. The result? Toronto was among the lowest-cost locations.
A corporate tax rate of 34.12% is just one of the elements that creates this competitive advantage. Salary expectations, utility rates, construction costs and other factors all help to keep costs low. And because of our publicly funded health care system, employee health care benefits cost Ontario employers about half as much as they cost their U.S. counterparts.
Sharpening Ontario’s competitive edge
Having highly competitive core business costs helps Ontario exporters win contracts in global markets and draws investors to the province.
Mindful of the need to maintain that competitive edge, the Ontario government has recently moved to cut Business Education taxes by more than $460 million over seven years and accelerate the elimination of the capital tax.
Ontario is also constantly streamlining regulatory systems wherever possible. Site permitting is much quicker in Ontario than in many jurisdictions. Business start-ups require only two simple steps
here, compared to as many as 20 needed in other industrialized countries.
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FAST FACT
ONTARIO'S NEW GREENBELT PROGRAM PERMANENTLY PROTECTS 1.8 MILLION ACRES OF ENVIRONMENTALLY SENSITIVE PARKS AND AGRICULTURAL LAND - AN AREA LARGER THAN PRINCE EDWARD ISLAND.
In Ontario, we have a business environment designed for global market success and the high quality of life that goes with it.
We’re a multicultural society that welcomes people from around the world. More than 100 languages are spoken in the streets of Toronto. No matter where you come from, you’ll find a community in which you will feel at home.
The UN consistently ranks Canada as one of the best places to live in the world.
The cost of living is lower in Ontario than in many comparable jurisdictions.
Our public education system is excellent. Canadian teens have scored some of the highest marks in mathematics, science and reading among OECD countries. Our universities and colleges are ranked among the best in the world.
Our publicly funded, universally accessible health care system includes some of the top specialists in cancer care, cardiovascular disease, paediatrics and other health fields.
And after-hours or on weekends, the choice of recreational pursuits is endless, from sophisticated urban nightlife to relaxing at a lakeside cottage.
It’s this combination of business advantages and quality of life that is leading more investors to choose Ontario for their global business expansion.
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There’s no better place in the world to do business.
We can help you quickly find the information you need.
Contact us for:
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1-800-819-8701 (North America)
00-800-46-68-27-46 (U.K. and Europe)
e-mail: info@2ontario.com
Ontario Investment and Trade Centre
250 Yonge Street, 35th Floor
Toronto, Ontario, M5B 2L7
CANADA
Tel: 416-313-3400
Fax: 416-360-1817
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