Prosperity and Growth Strategy for Northern Ontario

A plan for economic development, inclusiveness and success

Opportunities for Growth

Innovation and Technology Adoption:

  • Businesses in mining, forestry, steel, agriculture and tourism sectors are transitioning to become a knowledge-based and innovation-focused economy in response to growing global demand
  • Advanced technologies, including those of digitization and automation, help manufacturers reduce production costs, improve productivity and international competitiveness, and generate demand for new skills and employment opportunities
  • The regional innovation ecosystem is successfully bringing people, institutions, businesses, and government together to move ideas to market and support economic growth
  • Emerging innovation clusters of post-secondary institutions, entrepreneurs, researchers and capital in health sciences and bio-medicine will require access to capital to grow

Entrepreneurship, Trade and Digital Economy:

  • New Information and Communication Technology (ICT) systems are available to bridge geographic and technological barriers
  • Entrepreneurship training for: 1) women, 2) trades people and 3) older workers is an opportunity for growth and for creating and transitioning businesses in smaller communities
  • Whole-of-government approach to access export markets and business development through new high growth trade agreements that support both export and domestic growth opportunities
  • New growth opportunities in existing sectors such as agriculture that leverage private investments for innovative ideas like greenhouse technologies

Building Stronger Communities:

  • Municipalities and Indigenous communities are prepared to take a leadership role in developing their economies to attract new business investment
  • Major transformative projects like the Ring of Fire and regional energy and road infrastructure to connect remote First Nations and provide economic opportunities for generations to come
  • The growing Indigenous population and residents currently not participating in the labour force provide a potential pool of existing resources to help address skill shortages
  • Leverage the Federal Action Plan for Official Languages
Date modified: