Mowat Centre and Ontario Chamber of Commerce Release New Economic Vision for Ontario

TORONTO, Jan. 26, 2012 /CNW/ - The Ontario Chamber of Commerce and the Mowat Centre at the University of Toronto have released a new, ambitious,and transformational agenda that will enable Ontario to rise above current economic challenges.

The new report, Emerging Stronger, identifies five key strategic priorities for Ontario, and the concrete steps necessary to make Ontario more competitive, productive, and globally connected.

"Ontario has an extraordinary economic future," says Len Crispino, President & CEO of the Ontario Chamber of Commerce. "To reach our full potential we must realistically identify the challenges we face, take leadership in advancing productivity, skills development and fiscal responsibility, and mobilize our enormous competitive advantages in the global economy."

The report comes at a time when Ontario faces a major turning point in its economic history. The economic downturn, high levels of government and consumer debt, the relative decline of the U.S. economy, and new patterns of global competition and cooperation pose a new set of challenges and opportunities for the province.

"We are transitioning away from many of the old industries that were the foundations of Ontario's prosperity for generations while the global economy is undergoing a geopolitical re-ordering," says Matthew Mendelsohn, Director of the Mowat Centre.

Neither consumer nor government spending in North America can be counted on to kick start to economic growth, adds Mendelsohn.

The report notes that federal and provincial governments, along with the private sector and other actors, must align their goals and focus on areas where Ontario holds competitive advantages in the global economy.

At a time when the Ontario government is looking to curb spending and implement reforms, the Ontario Chamber of Commerce and the Mowat Centre, supported by Leger Marketing, are pleased to add the voice of Ontario's business and civic leaders to the debate through this report.

Emerging Stronger is based on broad consultation with Ontario's business, government, and civic leaders, with feedback from participants at the Ontario Economic Summit.

To read the entire report, please click here: http://occ.on.ca/economic-vision/

About the Ontario Chamber of Commerce (OCC): The OCC is a network of 160 local chambers of commerce and boards of trade in the Province of Ontario, representing 60,000 businesses of all sizes, in all economic sectors and from every area of the province. Being recognized as the single, most influential and respected voice for business in Ontario, OCC's over-arching goal is to build a world-renowned business environment that creates a more competitive Ontario.

For further information or to schedule an interview, contact:

Jody Lundrigan
Manager of Media and Communications, Ontario Chamber of Commerce
P: 416-482-5222, ext 241 C: 416-605-8205
E: [email protected]

Laura Rosen Cohen
Communications Associate, Mowat Centre
P: 416-978-7081
E: [email protected]