Watch this behind-the-scenes case study of Asahi Kasei building Canada’s first EV battery separator plant in Port Colborne, Ontario.

Source: Invest Ontario

November 14, 2024

Asahi Kasei breaks ground on electric vehicle battery separator plant in Port Colborne

Asahi Kasei breaks ground on Canada’s first EV battery separator plant in Port Colborne, Ontario

Source: Ministry of Economic Development, Job Creation and Trade

Asahi Kasei breaks ground on electric vehicle battery separator plant in Port Colborne
Asahi Kasei breaks ground on Canada’s first EV battery separator plant in Port Colborne, Ontario
Joint venture with Honda will strengthen Ontario’s end-to-end electric vehicle and battery supply chain PORT COLBORNE – The Ontario government is welcoming the start of construction on Asahi Kasei’s $1.7 billion manufacturing facility in Port Colborne to produce lithium-ion battery separators, a key component of electric vehicle (EV) batteries. The new plant, the first of its kind in Canada, is a significant part of Ontario’s growing end-to-end EV and battery supply chain, accelerating the production of Ontario-made EVs and creating better jobs with bigger paycheques in the Niagara Region. The start of construction on Asahi Kasei’s battery separator plant is a major step forward in building Ontario’s electric vehicle supply chain, connecting minerals in the north with electric vehicle battery makers and automakers across the province. This facility will help lay the groundwork to produce electric vehicles from start to finish by Ontario workers with Ontario-made components, bringing better jobs and bigger paycheques to communities across the province. Hon. Doug Ford Premier of Ontario The start of construction closely follows the recent announcement of a joint venture between Asahi Kasei and Honda Canada Inc. that will be established to oversee construction and production activities at the Port Colborne plant. Earlier this year, Honda announced plans to establish Canada’s first comprehensive electric vehicle supply chain with four new manufacturing plants including this separator plant in partnership with Asahi Kasei. With phase one expected to be complete in 2027, the separator plant is projected to produce enough material to supply approximately one million EVs annually and create more than 300 jobs in the region. Asahi Kasei’s investment in Ontario’s auto sector represents a clear vote of confidence in our province’s world-class workforce, dependable supply chains, competitive business environment and reliable clean energy. As our government continues to position Ontario as the epicentre of electric vehicle innovation, we look forward to seeing the partnership between Asahi Kasei and Honda come to fruition and bring economic growth and good-paying jobs to the Niagara Region. Hon. Vic Fedeli Ontario's Minister of Economic Development, Job Creation and Trade Since 2020, Ontario has attracted over $45 billion in EV and battery investments from companies including Honda, GM, Ford and Stellantis, along with key parts and component producers, helping to build-out the province’s end-to-end supply chain and solidifying the province as a leader in the EV sector.

October 28, 2024

Hanon Systems invests $155 million to build Ontario’s first-of-its-kind EV parts facility

Invest Ontario is supporting Hanon Systems’ $155 million investment in Woodbridge, Ontario to produce cutting-edge e-compressors for EVs

Source: Invest Ontario

Hanon Systems invests $155 million to build Ontario’s first-of-its-kind EV parts facility
Invest Ontario is supporting Hanon Systems’ $155 million investment in Woodbridge, Ontario to produce cutting-edge e-compressors for EVs
Invest Ontario supports company’s latest expansion, creating new manufacturing capacity of key EV component in North America WOODBRIDGE, Ontario, October 28, 2024 – Invest Ontario is supporting a $155 million investment by Hanon Systems, a global supplier of automotive thermal and energy management solutions, for the construction of a new facility in Woodbridge, Ontario to manufacture cutting-edge e-compressors for electric vehicles (EVs). The new facility will be North America’s first high displacement e-compressor plant, allowing world-class automakers in both Canada and the United States to meet their growing demand for critical high quality EV components from Ontario’s rapidly expanding EV supply chain. Headquartered in South Korea, Hanon Systems is the one of the world’s largest automotive thermal and energy management solutions companies. This investment is part of a firm-wide strategy to expand the company’s global e-compressor manufacturing capabilities. We are pleased to expand our manufacturing presence to increase proximity to vehicle manufacturers and better meet customer demand. This expansion also demonstrates our commitment to growth and proves customer confidence in our ability to deliver electric compressors to the market. Nurdal Kücükkaya President and co-CEO of Hanon Systems We investigated several locations for the new plant. Our partnership with the Government of Ontario and Invest Ontario has been a significant element in our decision. We are proud to foster local community development and the growth of its economy. Subu Nagasubramony President and co-CEO of Hanon Systems E-compressors (or electric compressors) are specially designed for EVs due to their lack of belt-driven engines. These components are vital to vehicle performance and safety as they form a critical part of the thermal management system. Hanon Systems’ heat pump system, equipped with these e-compressors, enhances thermal management in EVs, improving energy efficiency and driving range. Over the last four years, Ontario has attracted $45 billion in auto and EV‐related investments from global companies with the help of Invest Ontario. Boasting an end-to-end auto supply chain, a skilled workforce, a wealth of critical minerals, and a thriving tech ecosystem, Ontario has everything needed to build the cars of the future. Our province has all of the elements necessary to build the electric vehicles of the future, including leading global parts manufacturers like Hanon Systems who are continuing to choose Ontario to expand and grow their operations. Hanon Systems’ investment in Woodbridge will create hundreds of local jobs for our world-class auto workers and strengthen our reputation as a North American leader in automotive manufacturing. Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade Ontario is home to Hanon Systems’ first offshore manufacturing site, which commenced operations in 1989. It has since grown into a solid presence with over 970 employees across the company’s facilities in Belleville and Concord, supplying world-class automakers across North America. This investment is expected to create nearly 300 new skilled jobs by the end of 2026. Hanon Systems’ latest expansion, which adds to their decades-long success here, once again demonstrates why Ontario is the place for auto companies to grow and transition to an electric future. At Invest Ontario, we remain focused on supporting investors along their journey with expertise and services they need to ensure their project’s success. Michael Fedchyshyn Interim CEO of Invest Ontario Subject to reaching a definitive agreement, the Invest Ontario Fund will support the investment with a $10 million grant, reflecting its strategic importance in bolstering Ontario’s global competitiveness in the EV sector. For more information about Invest Ontario, please visit www.investontario.ca.

October 17, 2024

Omniabio: Road to Canada’s largest cell and gene therapy CDMO

With the support of Invest Ontario, OmniaBio has built a new biomanufacturing facility in Hamilton, Ontario with an overall project investment of over $580 million, creating 250 skilled jobs.

Source: Invest Ontario

Omniabio: Road to Canada’s largest cell and gene therapy CDMO
With the support of Invest Ontario, OmniaBio has built a new biomanufacturing facility in Hamilton, Ontario with an overall project investment of over $580 million, creating 250 skilled jobs.
New biomanufacturing facility in Hamilton helps take Ontario-made transformative therapies to the market At the frontier of biomedical innovation, cell and gene therapies (CGTs) hold the promise to revolutionize the treatment of a broad range of life-threatening diseases such as cancer, autoimmune diseases, neurological disorders, and numerous genetic conditions. While having the potential to transform lives and healthcare, fewer than a hundred CGTs had been approved for clinical use globally by the end of 2023. However, traction has been growing in recent years through new technical advances alongside the maturation of clinical trials in indications where CGTs have found their niche. The notable clinical pipeline is an indicator that the industry could experience explosive growth in the near future. Or as Mitchel Sivilotti, CEO of OmniaBio Inc., put it, “CGT is now an established pillar of medicine, and we can point to recent commercial successes like CAR T-cell therapies to provide the momentum for the next wave of innovation for the developers and patients we serve.” Transcript | Described VideoNew facility opened in October 2024 A subsidiary of the Toronto-based Centre for Commercialization of Regenerative Medicine (CCRM), OmniaBio is Canada’s largest commercial-scale contract development and manufacturing organization (CDMO) dedicated to CGTs. With the support of Invest Ontario, OmniaBio has built a new biomanufacturing facility in Hamilton, Ontario with an overall project investment of over $580 million, creating 250 skilled jobs. Launched in October 2024, it is the largest facility of its kind in Canada. By providing the missing infrastructure in biomanufacturing, OmniaBio will help CGT companies in Ontario – and from around the world – take their innovations to the global marketplace and capitalize on emerging opportunities, while bolstering Ontario’s presence in the global life sciences sector. Invest Ontario supports new biomanufacturing facility in HamiltonBridging the commercialization gap Since the discovery of stem cells by Ontario scientists in the 1960s, the province has emerged as a leader in life sciences research and development. Boasting Canada’s largest life sciences ecosystem with close to 2,000 firms, Ontario is home to a concentration of multinational pharmaceuticals and pure-play startups focused on making breakthroughs in innovative therapeutics like CGTs. However, the development and commercialization of CGTs face unique hurdles not seen in the conventional drug space. These include steeper regulatory, supply chain, and patient access challenges stemming from the inherent technical complexity, variability, and high costs of the technology. Throughout the cycle, the problem often comes down to manufacturing expertise and capacity. This is where OmniaBio steps in – and why it came into existence in the first place. “CGT companies often turn to CDMOs to outsource the highly specialized function of manufacturing these life-saving medicines,” said Sivilotti. “OmniaBio is ideally positioned to help meet this need.” Adding to its existing development and clinical manufacturing capabilities in Toronto, OmniaBio’s new facility in Hamilton will round out the company’s strategy to provide end-to-end services from preclinical process development and analytics to commercial supply in three key manufacturing platforms: induced pluripotent stem cell-based therapies, immune cell-based therapies, and lentiviral vectors. The company is also focused on manufacturing innovation, especially artificial intelligence and automation to optimize production, quality control, and supply chain activities to reduce cost and increase quality and throughput. “As an industry, we’re starting to harness the power of data and robotics to bring manufacturing efficiency to new levels, which will ultimately translate into improved patient access through lower costs,” Sivilotti added. Ontario Investment RoundupOntario: an enabler of growth and innovation Like every life sciences company in Ontario, OmniaBio benefits from access to a reliable source of highly skilled human capital (including over 70,000 STEM graduates every year) thanks to the province’s rich pool of talent coming from a network of world-class universities, colleges, and research and medical centres. Aside from talent, this dynamic ecosystem has enabled OmniaBio to build strong partnerships with leading equipment manufacturers, supply chain alliances, and therapy developers. Sivilotti also stressed the importance of the government’s role in fostering a business environment that promotes growth and innovation. This means a forward-looking vision like Ontario’s life sciences strategy, which aims to establish the province as a global biomanufacturing and life sciences hub. This also means having enabling policies and incentives in place, and government agencies such as Invest Ontario dedicated to supporting high-impact investments like OmniaBio’s. “Simply put, Ontario has the appetite to support and grow CGT companies,” said Sivilotti. In addition to providing a loan of up to $40 million through the Invest Ontario Fund to support OmniaBio’s project, Invest Ontario has helped raise awareness of the company among the industry and ecosystem, promoting local partnership opportunities. Invest Ontario’s support of OmniaBio has helped make our new biomanufacturing facility a reality. They worked with us on an innovative partnership to ensure OmniaBio’s extended impact would directly enrich the biotech and biomanufacturing ecosystems in Ontario and Canada. Invest Ontario has been a positive partner and we’re grateful for their ongoing support. Mitchel Sivilotti CEO, OmniaBio Inc. OmniaBio is collaborating with the Canadian Advanced Therapies Training Institute (CATTI), established by CCRM and Montreal-based CellCAN, to build a comprehensive training system to upskill and maintain their Good Manufacturing Practices (GMP) workforce.A “pivotal” moment It’s an exciting time to be in the CGT industry, according to Sivilotti. Over the past decade, only select CGTs have been approved for use by North American regulatory bodies. Now, Sivilotti is witnessing a growing number of CGT companies innovating and running clinical trials, which will lead to more commercial approvals and patients treated. “On a societal level, CGTs are only beginning to enter the mainstream consciousness. It’s a pivotal time to tell the story of regenerative medicine and the incredible impact it will have on patients’ lives around the world,” he commented. Once the project in Hamilton is completed, OmniaBio will begin to evaluate additional expansion plans in new geographies.

September 24, 2024

Jungbunzlauer invests $200 million to build Canada’s first xanthan gum manufacturing facility in Ontario

Invest Ontario is supporting Jungbunzlauer’s $200 million expansion in Port Colborne, Ontario to build Canada’s first xanthan gum manufacturing facility.

Source: Invest Ontario

Jungbunzlauer invests $200 million to build Canada’s first xanthan gum manufacturing facility in Ontario
Invest Ontario is supporting Jungbunzlauer’s $200 million expansion in Port Colborne, Ontario to build Canada’s first xanthan gum manufacturing facility.
Invest Ontario supports Jungbunzlauer’s expansion in Port Colborne, strengthening Ontario’s food supply chain and competitiveness in North American food manufacturing PORT COLBORNE, Ontario, September 24, 2024 – Invest Ontario is supporting a $200 million investment by Jungbunzlauer, a leading producer of high-quality, sustainable ingredients from natural sources, to build Canada’s first xanthan gum manufacturing facility in Port Colborne, Ontario. The expansion will create 50 high-paying jobs, representing a 30% increase in Jungbunzlauer Canadian workforce. The increased capacity will allow Jungbunzlauer to meet increasing demand for xanthan gum in North America, decreasing reliance on international imports. With proximity to the US market, this expansion benefits from Ontario’s strategic location for international companies looking to expand in North America. Subject to reaching a definitive agreement, the Invest Ontario Fund will support the investment with a $4.8 million grant, reflecting its strategic importance in bolstering North American capacity, allowing businesses in both the US and Canada to meet their growing need for a critical ingredient in food and beverage manufacturing from Ontario. Today marks a significant milestone for our North American business as we expand our Ontario facility here in Canada. This site not only reinforces our commitment to providing our partners with top-quality, natural bio-gums but also highlights our dedication to sustainability. I want to extend my deepest gratitude to everyone whose hard work and dedication made this expansion possible and a special mention to the City and people of Port Colborne, and Invest Ontario for their support. Bruno Tremblay CEO Jungbunzlauer The Port Colborne site will produce a high quality, food grade xanthan gum used to improve texture and thickness in plant-based foods, toothpaste, oil-based salad dressings, cosmetics, cleaners and more. Xanthan gum serves as an ecologically responsible alternative that uses sustainable and renewable resources. This expansion is part of the company’s strategy to grow their natural bio-gums and expand their support for North American customers. Thank you to everyone at Jungbunzlauer for your continued confidence in Port Colborne, Ontario workers and our province’s growing manufacturing sector. Our government was proud to support this investment as part of our plan to keep rebuilding Ontario’s economy, including our manufacturing sector, and bringing back better jobs with bigger paycheques for the workers of our province. Hon. Doug Ford Premier of Ontario Ontario is the manufacturing powerhouse of Canada with 20,000+ advanced manufacturing firms and 800,000+ manufacturing workers. With growing demand and limited xanthan gum supply, this investment addresses a gap in the North American market and up-values Ontario grown corn into a premium priced product. By lowering the cost of doing business in the province by $8 billion a year, we’re showing the world that Ontario is a top jurisdiction for multinational manufacturers to invest and expand their operations. We welcome Jungbunzlauer’s investment in Port Colborne, and thank them for their continued commitment to their talented workers. Hon. Vic Fedeli Ontario’s Minister of Economic Development, Job Creation and Trade Headquartered in Basel, Switzerland, Jungbunzlauer has been operating for over 150 years and employs nearly 1,400 people across four major manufacturing plants in Austria, Germany, France and Canada and offices in the US, Mexico, Japan, France, The Netherlands, Austria, Germany, India, and Singapore. Jungbunzlauer currently employs 165 people in a nearly 50,000 sq ft facility in Port Colborne and will engage with local universities and colleges to expand their co-op and research opportunities. Ontario’s skilled workforce is one of the leading factors for expanding their operations here. Jungbunzlauer’s expansion demonstrates that international companies who are looking for a strategic foothold in North America will find Ontario is the best choice. As a trusted partner to business, Invest Ontario continues to focus on transformative investments that boost Ontario’s supply chains and strengthen its economic resilience. Michael Fedchyshyn Interim CEO, Invest Ontario Invest Ontario employs a sophisticated evaluation process to identify and support investment projects that strengthen advanced manufacturing in Ontario across automotive, aerospace, advanced materials, chemical and food manufacturing sectors while bringing more high-quality, well-paying jobs to the province. Invest Ontario actively seeks investments that enhance Ontario’s supply chains with new capabilities and customers, delivering economic growth and benefits for all. For more information about Invest Ontario, please visit www.investontario.ca.

August 22, 2024

Senior Economic Officers Aaron Pinto and Chelsea Peet discuss Ontario’s key life sciences value propositions and what makes the province a leader in the sector.

Source: Maple Business Council

April 21, 2023

Volkswagen’s new Electric Vehicle Battery Plant will create thousands of new jobs

The plant, Volkswagen’s largest to date, will create up to 3,000 direct jobs and up to 30,000 indirect jobs. Once complete in 2027, the plant will produce batteries for up to one million electric vehicles per year, bolstering Canada’s domestic battery manufacturing capacity to meet the demand for electric vehicles now and into the future.

Source: Ministry of Economic Development, Job Creation and Trade

Volkswagen’s new Electric Vehicle Battery Plant will create thousands of new jobs
The plant, Volkswagen’s largest to date, will create up to 3,000 direct jobs and up to 30,000 indirect jobs. Once complete in 2027, the plant will produce batteries for up to one million electric vehicles per year, bolstering Canada’s domestic battery manufacturing capacity to meet the demand for electric vehicles now and into the future.
ST. THOMAS — From mining critical minerals to building batteries and cars, Ontario and Canada continue to attract historic, transformational investments across the electric vehicle supply chain to secure more good-paying jobs for workers today and for decades to come. Last month, Ontario and Canada secured a historic investment from Volkswagen, Europe’s largest automaker. Volkswagen is investing $7 billion to establish its first overseas electric vehicle battery manufacturing plant in St. Thomas, Ontario. This is the largest electric vehicle-related investment in Canadian history, signaling a strong vote of confidence in Ontario and Canada’s highly skilled workers, strong economies, and competitive business environments. Premier Doug Ford and Prime Minister Justin Trudeau were joined today by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, and the federal Minister of Innovation, Science and Industry, François-Philippe Champagne, to highlight this generational deal for St. Thomas, Ontario, and Canada’s entire electric vehicle supply chain. The plant, Volkswagen’s largest to date, will create up to 3,000 direct jobs and up to 30,000 indirect jobs. Once complete in 2027, the plant will produce batteries for up to one million electric vehicles per year, bolstering Canada’s domestic battery manufacturing capacity to meet the demand for electric vehicles now and into the future. The plant, which will generate about $200 billion in value, will be the largest manufacturing plant in Canada. Construction is expected to begin next year. To strengthen and grow St. Thomas and the surrounding communities, Ontario will invest in other important infrastructure projects across the region, including improvements to roads, highways, utility services, and police and fire services. Since 2020, historic new investments have been made in Ontario by global automakers and electric vehicle batteries and battery materials suppliers. From mining critical minerals to building batteries and electric vehicles, Ontario and Canada have the resources and skilled workers to continue leading the world. This means a strong economy, good-paying jobs, and clean air now and into the future.

April 19, 2023

In the final installment of his two-outlet mini-series, National Public Radio’s HJ Mai reports on Ontario’s transition towards electric vehicles and building on Canada’s automotive legacy.

Source: NPR

August 10, 2022

Invest Ontario strengthens the leadership team with appointment of two Vice Presidents

Today, Invest Ontario announces the appointment of two senior executives to the agency’s leadership team: Khawar Nasim and Michael Fedchyshyn.

Source: Invest Ontario

Invest Ontario strengthens the leadership team with appointment of two Vice Presidents
Today, Invest Ontario announces the appointment of two senior executives to the agency’s leadership team: Khawar Nasim and Michael Fedchyshyn.
Khawar Nasim as Vice President of Business Development and Michael Fedchyshyn, Vice President of Strategies and Business Solutions August 10, 2022 – Today, Invest Ontario announces the appointment of two senior executives to the agency’s leadership team. Khawar Nasim joins Invest Ontario from New York, where he was Canada’s Acting Consul General, working with businesses to grow their footprint in Canada. He brings over 25 years of international experience in both the private and public sectors. Nasim will be leading the agency’s specialized, business development sector-oriented teams in life sciences, advanced manufacturing and technology to ensure best-in-class investment attraction for Ontario. He will be responsible for investor care and be a key relationship builder on behalf of the agency. Michael Fedchyshyn brings years of experience in private equity, renewable energy development, waste-to-energy development, project finance and management consulting. He joins the agency from Infrastructure Ontario, where he created and led the Transit Oriented Communities Program. As the Vice President, Strategies and Business Solutions, Fedchyshyn will be responsible for establishing the agency’s strategic planning, transactional risk management and business intelligence functions. In addition, he will manage the long-term relationship with other provincial, regional and federal government stakeholders to develop a “Team Ontario approach” for successful investment attraction. “Invest Ontario was created to support economic development, resiliency and job creation in Ontario through strategic business deals and capital investments,” says Trevor Dauphinee, CEO of Invest Ontario. “I am delighted to announce the strengthening of our leadership team today. In our first year, we have already had some significant successes, and I know that Khawar and Michael will bring their networks and expertise to ensure we are delivering the best for investors.” As the province’s principal agency for new and expanding businesses and investors, Invest Ontario is uniquely positioned to attract strategic companies and capital that help build a stronger and more resilient Ontario.

July 20, 2022

In their op-ed for DOT Magazine, Kathrin Seitz, Ontario’s representative in Germany, and Philipp Kornitzky, Senior Account Executive for the Ministry of Economic Development, Job Creation and Trade, discuss the province’s robust cybersecurity ecosystem, and the opportunities the growing industry presents.

Source: DOT Magazine

October 14, 2021

Unleashing Ontario - Fall 2021

Unleashing Ontario is an official economic development newsletter from the Ontario Minister of Economic Development, Job Creation and Trade.

October 7, 2021

Your Future in Ontario: A Roadmap for Innovation and Collaboration at the Heart of North American Markets

In his feature article, Minister Fedeli sets out how Ontario is working proactively across industry sectors as forward-looking companies position for long-term growth in an economy shaped by technological disruption and the need for environmental sustainability.

Source: Trade & Industry Development Magazine

August 18, 2021

Ontario and Michigan Partnering on Cross-Border Transportation Technologies

Ontario and Michigan partnering on cross-border transportation technologies. Projects will help people and goods move safely and efficiently across the border by land, air and water.

Source: Ministry of Economic Development, Job Creation and Trade

Ontario and Michigan Partnering on Cross-Border Transportation Technologies
Ontario and Michigan partnering on cross-border transportation technologies. Projects will help people and goods move safely and efficiently across the border by land, air and water.
Cross-border testing environment will spur technology innovations and transportation solutions, enhancing crossings by land, air and water TORONTO, CANADA – Ontario and Michigan are expanding their longstanding collaboration through a new partnership to advance automotive, transportation and mobility technologies to help people and goods move safely and efficiently across the border by land, air and water. The Ontario government, through Ontario’s Autonomous Vehicle Innovation Network (AVIN), and the State of Michigan, through the Michigan Department of Transportation (MDOT), have signed a Memorandum of Understanding (MOU) to explore the implementation of a cross-border testing environment that will further support the commercialization and adoption of auto and transportation technologies in Ontario. Goals of the collaboration include: Identifying the potential economic, social and environmental benefits from increased collaboration in automotive and transportation technologies between Ontario and Michigan. Identifying issues and challenges for both people and goods related to specific types of border crossing (by land, air and water) and how transportation technologies could offer solutions. Exploring the regulatory and policy considerations involved. Developing a roadmap for implementation, including steps to establish cross-border pilots for transportation technologies. Combined, Ontario and Michigan are responsible for about 22 per cent of North America’s automotive output. The state and province share a highly integrated automotive supply chain, with vehicle parts crossing the border several times before rolling off the assembly line in finished vehicles. In addition, many companies operate on both sides of the border, with engineering expertise and technology innovation shared between the two autotech hubs. As a first action under the new MOU, a joint Request for Proposals (RFP) is now underway to study and analyze the economic potential of expanded border capacity and other benefits that can be achieved by leveraging advanced automotive and smart mobility solutions at international border crossings. The closing date for RFP submissions is September 13, 2021. For further information, please visit AVIN’s RFP page or MDOT’s eProposal site.

March 19, 2021

Ontario, Canada Appoints Board of Directors for Province’s new Investment Attraction Agency Invest Ontario

The Ontario government has appointed the first members to the Board of Directors of Invest Ontario, the new provincial agency focused on promoting the province as a key investment destination.

Source: Ministry of Economic Development, Job Creation and Trade

Ontario, Canada Appoints Board of Directors for Province’s new Investment Attraction Agency Invest Ontario
The Ontario government has appointed the first members to the Board of Directors of Invest Ontario, the new provincial agency focused on promoting the province as a key investment destination.
New agency will position Ontario as a top-tier destination for investment TORONTO, CANADA — The Ontario government has appointed the first members to the Board of Directors of Invest Ontario, the new provincial agency focused on promoting the province as key investment destination. The board will lead the new agency and will report to Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade and will advise on key opportunities to showcase the province’s unique value propositions in an increasingly competitive global marketplace. Heading the agency as Chair is Elyse Allan, an accomplished executive with experience in driving growth, technology and innovation. Board members Anna Barrett, Janet Ecker, Ernie Eves, Cecil Hawkins, Andrew MacLeod, Joseph S. Mancinelli, Gadi Mayman, Carmine Nigro, Ajay Virmani and James Wallace will bring extensive experience and expertise in advanced manufacturing, technology and life science sectors that serve as initial areas of focus for the agency. “Now more than ever, it's critical to position Ontario as a top-tier destination for investment. A key measure to support this objective is the creation of a new investment attraction agency, Invest Ontario,” said Minister Fedeli. “Invest Ontario will be supported by a team of business development executives who bring a private-sector approach to attracting large-scale, high-quality investments to help drive our economy forward and cement our position as the economic engine of Canada.” 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. “Ontario offers a wealth of opportunities for investors and businesses looking to grow. Our talented workforce, leading postsecondary institutions, strong innovation and manufacturing sectors and business-friendly climate are just a few of the attributes that make our province highly attractive,” said Elyse Allan, Board Chair of Invest Ontario. “Invest Ontario will promote these qualities and provide an all-in-one experience to prospective global investors that results in finding and closing the best deals to bring value and opportunity to the province.” 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.

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