Recommendations:

• Maintain the chemistry sector as a priority sector within the Province’s economic development strategy and actively engage with multinationals to raise Ontario’s profile as a leading chemical manufacturing jurisdiction;
• Implement a comprehensive investment attraction framework similar to Alberta and Pennsylvania to attract new chemistry sector investments that includes: Program timelines in place for 8-10 years to give project proponents the certainty and predictability to bring forward significant capital investments. Openness and transparency should be paramount, investment supports should be available to any project meeting pre-determined criteria to avoid the appearances of government picking winners and losers;
• Advocate for and match federal measures to extend the full 100% Accelerated Capital Cost Allowance with no phase-out to 2030 and consider making it permanent to offset the damage of the COVID-19 pandemic.