Ontario's Future Prosperity Depends Upon Action by All Economic Players
TORONTO, Dec. 19, 2012 /CNW/ - Ontario must act quickly to become more competitive and seize opportunities in the new global economy or our prosperity will decline, according to Advantage Ontario, the report of Ontario's Jobs and Prosperity Council.
The report identifies five key areas for action: going global; driving productivity growth; unleashing innovation and entrepreneurship; capitalizing on strength in talent and delivering smart, efficient government.
Taken together, strong action on these economic priorities will propel Ontario's businesses to the forefront of the new global economy. The Council believes that the province can improve its performance in each area, but that it will require stronger leadership and cooperation among all economic players - public and private sector alike - and a sustained commitment by Ontario firms to take risks, invest and enter the global stage.
"Leadership cannot come from government alone. Ensuring Ontario's competitiveness and prosperity will require strong action from all sectors. Business will have a strong role to play," said Gord Nixon, Chair of the Council.
Advantage Ontario makes 14 recommendations for addressing key action areas and transforming Ontario into a global economic success story. Among other recommendations, the report states that to compete and win on the world stage, Ontario needs to:
"This is a crucial time for Ontario," said Council Vice-Chair Kevin Lynch. "We cannot be complacent and accept the status quo. Ontario has enviable advantages, and we face the future with clear strengths, but it's time to step up to the plate and seize the opportunity."
The Council proposes to reconvene in 12 months to review progress by government, business, academia and others and update Ontarians.
SOURCE: Jobs and Prosperity Council
For further information:
CONTACT:
Brigitte Marleau
Communications Branch
416-325-2479
Brigitte.marleau@ontario.ca
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