TORONTO, Jan. 26, 2012 /CNW/ - The Ontario Chamber of Commerce and the
Mowat Centre at the University of Toronto have released a new,
ambitious,and transformational agenda that will enable Ontario to rise
above current economic challenges.
The new report, Emerging Stronger, identifies five key strategic priorities for Ontario, and the concrete
steps necessary to make Ontario more competitive, productive, and
"Ontario has an extraordinary economic future," says Len Crispino,
President & CEO of the Ontario Chamber of Commerce. "To reach our full
potential we must realistically identify the challenges we face, take
leadership in advancing productivity, skills development and fiscal
responsibility, and mobilize our enormous competitive advantages in the
The report comes at a time when Ontario faces a major turning point in
its economic history. The economic downturn, high levels of government
and consumer debt, the relative decline of the U.S. economy, and new
patterns of global competition and cooperation pose a new set of
challenges and opportunities for the province.
"We are transitioning away from many of the old industries that were the
foundations of Ontario's prosperity for generations while the global
economy is undergoing a geopolitical re-ordering," says Matthew
Mendelsohn, Director of the Mowat Centre.
Neither consumer nor government spending in North America can be counted
on to kick start to economic growth, adds Mendelsohn.
The report notes that federal and provincial governments, along with the
private sector and other actors, must align their goals and focus on
areas where Ontario holds competitive advantages in the global economy.
At a time when the Ontario government is looking to curb spending and
implement reforms, the Ontario Chamber of Commerce and the Mowat
Centre, supported by Leger Marketing, are pleased to add the voice of
Ontario's business and civic leaders to the debate through this report.
Emerging Stronger is based on broad consultation with Ontario's business, government, and
civic leaders, with feedback from participants at the Ontario Economic
To read the entire report, please click here: http://occ.on.ca/economic-vision/
About the Ontario Chamber of Commerce (OCC): The OCC is a network of 160
local chambers of commerce and boards of trade in the Province of
Ontario, representing 60,000 businesses of all sizes, in all economic
sectors and from every area of the province. Being recognized as the
single, most influential and respected voice for business in Ontario,
OCC's over-arching goal is to build a world-renowned business
environment that creates a more competitive Ontario.
SOURCE Ontario Chamber of Commerce
For further information:
For further information or to schedule an interview, contact:
Manager of Media and Communications, Ontario Chamber of Commerce
P: 416-482-5222, ext 241 C: 416-605-8205
Laura Rosen Cohen
Communications Associate, Mowat Centre