TORONTO, May 29 /CNW/ - Ontario's colleges welcome the federal and
Ontario governments' announcement today of an additional $450 million to
improve colleges and universities, said Anne Sado, the chair of Colleges
Ontario and president of George Brown College.
"The funding allows college to make improvements in our facilities that
will strengthen the quality of education delivered to students," Sado said.
"These infrastructure projects will stimulate immediate job growth while at
the same time supporting the education and training of Ontario's workforce."
The governments have announced $450 million for improvements that include
modernizing facilities and boosting skills-training capacity at postsecondary
institutions. The announcement today is in addition to $1 billion for
infrastructure projects at colleges and universities that was announced
The investments leverage more than $2.1 billion over two years, including
$780 million in federal funding, $980.9 million in provincial funding, and
$356.1 million from other funding sources, including the private sector,
charitable contributions and the universities and colleges.
The funding for college projects will help to address the growing demand
for college education and training. For example, there was a 10 per cent
increase this year in the number of applicants for programs that start in
January, nearly double the 5.1 per cent increase in January 2008.
Sado said greater numbers of people are recognizing the value of higher
education in today's economy and want to pursue the career opportunities
available through a college education. The government's investments will help
those students to fulfil their ambitions.
"The governments recognize that an educated and skilled workforce is
essential to our long-term economic growth," Sado said. "We applaud the
governments for ensuring that higher education is a priority in Ontario and
throughout the country."
For further information:
For further information: Sally Ritchie, Senior Communications Officer,
Colleges Ontario, (416) 596-0744, ext. 242