CIAC PLEASED ONTARIO BUDGET INCLUDES NEW INVESTMENTS FOR INFRASTRUCTURE AND INNOVATION
March 29, 2018
The Chemistry Industry Association of Canada (CIAC) congratulates the Ontario Minister of Finance on delivering the 2018-19 budget, making new investments in infrastructure, supporting innovation and increased opportunities for businesses to grow.
CIAC is very pleased to see the province commit an additional $900 million in funding for the Jobs and Prosperity Fund and make enhancements to support more research and development by business. We encourage the province to work with the federal government to assess the business investment implications of U.S. corporate tax measures.
Ensuring a competitive business environment is key to the province securing more investments such as NOVA Chemicals’ $2-billion expansion to its operations in Sarnia-Lambton. These investments create the economic growth that will deliver new jobs, generate the needed revenues to fund programs and provide greater prosperity for all Ontarians.
CIAC will continue to work with the province on priorities to support the chemistry sector such as modernizing Ontario’s regulatory system for the chemicals manufacturing sector and ensuring the chemistry sector is a priority in the province’s economic development strategy.