Archived — 2015–16 Report on Plans and Priorities

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Minister of State's Message

Photo of the Honourable Gary Goodyear, Minister of State (Federal Economic Development Agency for Southern Ontario)

As the Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), it is a pleasure for me to present the Agency's 2015–16 Report on Plans and Priorities. This report provides a detailed account of FedDev Ontario's main priorities for the coming year and plans for contributing to strong economic growth and an innovative and knowledge-based economy.

Since its creation in 2009, FedDev Ontario has invested over $1.2 billion to support innovation, commercialization, productivity and communities in southern Ontario. This has resulted in partnerships with over 5,300 organizations and more than $1.5 billion in additional leveraged investments from almost exclusively non-government sources.

Canada's future economic prospects are being shaped by major and rapid global economic shifts, including increased competition and technological changes. A strong Canada depends on a responsive southern Ontario that is positioned to attract investment, encourage highly productive and innovative businesses, and support opportunities to expand and diversify markets at home and abroad.

Moving forward, FedDev Ontario will focus on: building on our successes; co-investing in world-class innovation platforms; commercializing market-relevant products and processes; creating an entrepreneurial environment with access to financing, including venture capital and angel investment; and creating prosperity by boosting productivity and diversification.

The Honourable Gary Goodyear
Minister of State (Federal Economic Development Agency for Southern Ontario)

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