A plan for economic development, inclusiveness and success
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Challenges
Demography
- Between 2006 and 2016, the population of Northern Ontario fell 3.8 percent, from 843,845 to 811,000
- Home to 105 of Ontario's 127 Indigenous communities, including 31 remote reserves of which 25 are diesel dependent. Positive natural growth is only occurring within the Indigenous population
- The population in Ontario's Francophone areas is expected to decline between 2011 and 2036
- The number of people leaving the region exceeds the number of individuals coming into the region
Infrastructure
- Many small and single-industry dependent communities have limited services and infrastructure to attract new business investment
- Many rural and remote areas lag in terms of access to broadband and some lack broadband altogether
Economy
- Current labour shortages and growing labour demand projections make workforce shortages one of the biggest challenges over the next three to five years
- Virtually all Northern Ontario businesses are small and medium-sized, employing less than 500 workers, most of them have been historically dependant on primary sectors such as forestry and mining
- Less than three percent of Northern Ontario small and medium sized enterprises ( SMEs ) are exporters
- The employment rate is below the provincial average
Business Development
- Businesses in small, rural and remote communities are isolated from the larger clusters and professional networks limiting their decision-making capacity, their access to corporate investments and their overall competitiveness
- Northern Ontario SMEs exhibit less business innovation activity (37%) compared to the rest of Canada (42%)
- Energy, transportation and financing costs are higher in Northern Ontario than the rest of the province