Strengthening Ontarios Business Climate March 12, 2014 Government Would Further Reduce Burdens and Build Regional Clusters Ontario is strengthening the provinces business climate by introducing legislation that would, if passed, reduce red tape for business and create cluster development plans to help drive regional economic growth and create jobs. The legislation would, if passed, revise Ontarios Open for Business Strategy by: Requiring every single ministry to eliminate at least one regulatory burden each and every year Introducing mandatory review of high-impact regulations Reporting annually on burden reduction This would build on the governments previous success of saving businesses over $6 million and more than 150,000 hours of administrative work last year and the 80,000 regulatory burdens eliminated since 2008. The legislation would also require government, in consultation with business, academia, other levels of government, labour and non-profit organizations to develop plans for regional economic clusters. Through the creation of cluster development plans, Ontario would be better positioned to attract investment in key sectors from aerospace to food processing. The legislation would also require government to publicly release cluster development plans with a mandate to review every five years. Helping businesses stay competitive and grow in Ontario is part of the governments economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontarios greatest strengths - its people and strategic partnerships.
Posted on: Wed, 12 Mar 2014 14:17:31 +0000
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