Prosperity and Growth Strategy for Northern Ontario - 3

This page has been archived on the Web

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Archived

This page has been archived on the Web

A plan for economic development, inclusiveness and success

Opportunities for Growth

Innovation and Technology Adoption:

  • Businesses in mining, forestry, steel, agriculture and tourism sectors are transitioning to become a knowledge-based and innovation-focused economy in response to growing global demand
  • Advanced technologies, including those of digitization and automation, help manufacturers reduce production costs, improve productivity and international competitiveness, and generate demand for new skills and employment opportunities
  • The regional innovation ecosystem is successfully bringing people, institutions, businesses, and government together to move ideas to market and support economic growth
  • Emerging innovation clusters of post-secondary institutions, entrepreneurs, researchers and capital in health sciences and bio-medicine will require access to capital to grow

Entrepreneurship, Trade and Digital Economy:

  • New Information and Communication Technology (ICT) systems are available to bridge geographic and technological barriers
  • Entrepreneurship training for: 1) women, 2) trades people and 3) older workers is an opportunity for growth and for creating and transitioning businesses in smaller communities
  • Whole-of-government approach to access export markets and business development through new high growth trade agreements that support both export and domestic growth opportunities
  • New growth opportunities in existing sectors such as agriculture that leverage private investments for innovative ideas like greenhouse technologies

Building Stronger Communities:

  • Municipalities and Indigenous communities are prepared to take a leadership role in developing their economies to attract new business investment
  • Major transformative projects like the Ring of Fire and regional energy and road infrastructure to connect remote First Nations and provide economic opportunities for generations to come
  • The growing Indigenous population and residents currently not participating in the labour force provide a potential pool of existing resources to help address skill shortages
  • Leverage the Federal Action Plan for Official Languages
 Report a problem
Date modified: