TORONTO, March 25 /CNW/ - The University of Toronto welcomed the
Government of Ontario's strong show of support for post-secondary education
and research in its 2008-2009 budget, released today.
"The Government of Ontario today pledged a range of helpful investments
in the university sector across the province - from infrastructure funding to
programs that will strengthen university research and student access to
universities", said President David Naylor. "We are certainly encouraged by
this government's understanding of universities' central role in the
province's global competitiveness."
The University heartily commends the government for its investment of
$200 million in incremental funds for the maintenance and renewal of
university facilities across the province. Universities across the province
will also benefit from $250 million that the Government of Ontario will invest
over the next five years in the Ontario Research Fund. These new funds will
help U of T and other universities recruit top researchers from around the
world, and retain them against growing competition from universities in other
The University of Toronto especially applauds the government's commitment
of $465 million to various programs aimed at further improving students'
access to post-secondary education. Separately, the announcement of a tax
incentive program for new corporations that commercialize research at Canadian
universities, colleges and research institutes will help campus-based
researchers deepen their links to competitive Ontario businesses.
Today's budget paid particular attention to the University of Toronto's
unique strengths in helping Ontario compete globally:
- The government also pledged $25 million that would lever other funds
in order to create a new Munk School of International Studies at the
University of Toronto. The school will build on U of T's existing
strengths in international studies, economics, business and political
science to educate Ontarians at a graduate level in the various
disciplines required for effective globalization.
- The budget announced that Premier Dalton McGuinty had asked
Richard Florida, Professor of Business and Creativity at the
Rotman School of Management and Roger Martin, Dean of the
Rotman School of Management, to study the changing composition of
Ontario's workforce and economy.
Such support will help ensure the University of Toronto can play its
leadership role as a unique asset for Ontario and Canada.
The University of Toronto has more researchers leading in more fields
than any other Canadian university. In classrooms and laboratories, those
professors are providing Canada's answers to the world's questions, and
teaching a generation of Ontarians to do the same.
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