The Government of Ontario has announced a new $650-million fund that will secure the next generation of high-paying jobs for Ontarians by developing green technologies and businesses in the province. Premier Dalton McGuinty wants to support companies that invest in the development of non-polluting fuels and vehicles as well as clean products and technologies.
| |
| Dalton McGuinty, Premier of Ontario. |
The fund will be modeled after the successful $500-million Ontario Automotive Strategy which has helped to leverage over $7 billion in total new auto investments in the province over the past four years. Clearly, this is a tried and true approach.Companies that wish to benefit from this fund will have to make a total commitment towards the environment and the society. They must :
- guarantee high-paying jobs for local workers;
- reduce greenhouse gas emissions;
- help Ontario become a leader in this emerging sector;
- specialize in fields where the province has a solid base in terms of research and marketing;
- and generate a synergy between researchers, business people and entrepreneurs.
photo: Gouvernement Ontario