2023 Ontario Pre-Budget Submission

Over the last 15 years:

• Investment increased by 36% in the US but fell by 15% in Ontario
• Real GDP rose 14% in the US but decreased 19% in Ontario
• Exports climbed 53% in the US compared to only 10% in Ontario

To reverse these long-term trends, the government must make an Advanced Manufacturing Strategy a key focus of the 2023 provincial budget, underpinned by the following three pillars:

1. Establish Competitive Investment Incentives to Address the IRA
2. Get the Workers We Need
3. Lower the Cost of Doing Business