Ontario Top Destination in North America for Foreign Direct Investment
Friday, September 27, 2019
News Release: Ministry of Economic Development, Job Creation and Trade
Most New Jobs Created from Foreign Direct Investment of Any State or Province
TORONTO — Ontario is the North American leader in the number of new jobs created based on foreign direct investment (FDI), according to a new report.
The Global Location Trends 2019 report by IBM shows that Ontario outpaced all other provinces and states with over 10,000 new jobs created from incoming FDI.
"Our government continues to make Ontario open for business and open for jobs, and this is more evidence our plan is working," said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. "Because of our work to reduce red tape and create the conditions needed for businesses to thrive and create good jobs, there has never been a better time to invest in Ontario than now. We will continue to showcase Ontario as the premier destination for investment."
Ensuring Ontario is the best place to invest and do business is a key part of the government's plan to make Ontario open for business and open for jobs.
- Since June 2018, Ontario has seen an increase in employment of 231,300.
- In 2019, actions taken by the government will result in savings for businesses of $5 billion.
- The United States continues to be the top investor into Ontario followed by Ireland, the U.K., Japan, China, and Germany.
- Ontario is leading a trade mission to Japan and South Korea from October 12-25, 2019 focused on agriculture, automotive, aerospace and other key emerging sectors. The trip will be led by Minister Fedeli, Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs, and Raymond Cho, Minister for Seniors and Accessibility.