Ontario Chambers of Commerce release report regarding the business climate in Ontario. Incorporated into the report, as reported in the Ottawa Citizen, is a list of recommendations for improving business in the Canadian province – listing crowdfunding as one of the objectives. This report is being released just as the Province is welcoming their new Premier, Kathleen Wynn.
The report concludes by making 43 wide-ranging recommendations, which include fostering entrepreneurship in the classroom, enabling better access to capital for startups and small businesses through crowd funding, encouraging businesses to hire more aboriginal peoples and people with disabilities, utilizing the province’s large immigrant population to forge connections with emerging markets, and opening up more government services to private-sector and not-for-profit delivery.
In a theme which would resonate south of the Canadian border the report states;
Industries that once made us strong are now struggling. Our finances are faltering under the weight of a massive deficit and nearly $300 billion in provincial debt. And half a million of us don’t have jobs.
A stated policy of Ontario’s new Premier is to … “work with financial institutions and government agencies to ensure that small and medium-sized enterprises have ease of access to capital required for expansion and innovation.”
PDF Document Emerging Stonger 2013
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