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  • Ontario’s 2022 Budget Must Focus on Business Predictability and Growth

  • MEDIA RELEASE

    Chamber: Ontario’s 2022 Budget Must Focus on
    Business Predictability and Growth

     
    FOR IMMEDIATE RELEASE
    April 11, 2022
     
    Sault Ste. Marie, ON / Toronto, ON - Ontario’s economic outlook remains uncertain for businesses and households as labour shortages, high energy costs, supply chain disruptions, and inflation continue to hit home. Ontario's business community needs a clear and predictable path forward to support economic recovery and growth. Today, the Sault Ste. Marie Chamber of Commerce (SSMCOC) joined the Ontario Chamber of Commerce (OCC) and Ontario’s Chamber network in releasing their 2022 Ontario budget submission with recommendations to the Government of Ontario to ensure a strong and sustainable recovery.
      
    “In the upcoming budget, we would like to see the government direct sufficient resources towards the hardest-hit sectors, while laying the groundwork for a sustainable and inclusive economy,” says SSMCOC President, Patricia Porco. “The submission notes that the crisis has created new problems and exacerbated pre-existing ones. Government must work to resolve these longstanding issues to ensure Ontario remains an attractive destination to start and grow businesses.”
     
    The OCC’s 2022 provincial budget submission provides recommendations to the Government of Ontario under the following categories: Economic Recovery; Resilient Communities; and Modernizing Regulation and Fiscal Policy. Some key highlights include proposals to: 
    • Support entrepreneurship and small business growth with targeted business supports and access to public sector procurement.

    • Strengthen Ontario’s workforce by boosting immigration and training programs.

    • Make housing more affordable through increased supply and regulatory reforms.

    • Advance regional transportation and broadband infrastructure projects.

    • Bolster our health care system and address major backlogs in diagnostics and cancer screenings.

    • Seize Ontario’s opportunity to lead in the global green economy.

    • Remove barriers to interprovincial trade and labour mobility.

     
    “The pandemic has made it clear that we cannot have a strong business community without a resilient health care system. Budget 2022 needs to focus on immediate measures that support business predictability and competitiveness while building health care capacity to withstand current and future challenges,” adds Rocco Rossi, President and CEO of the Ontario Chamber of Commerce.
     
    The recommendations outlined in the OCC’s budget submission were developed together with businesses, associations, post-secondary institutions, and the Ontario Chamber Network.  
     
    READ THE OCC’S BUDGET SUBMISSION HERE.
     
    About the Sault Ste. Marie Chamber of Commerce
    The Sault Ste. Marie Chamber of Commerce is a not-for-profit organization comprised of 700 plus businesses and agencies in Sault Ste. Marie and has been serving the needs of this community since 1889. The Sault Ste. Marie Chamber of Commerce will lead the way as the voice of business, advancing economic prosperity for its membership and the business community. Learn more about the SSMCOC at www.ssmcoc.com
     
    About the Ontario Chamber of Commerce
    For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.
     

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    SSMCOC Media Contact:
    Rory Ring
    Chief Executive Officer
    Sault Ste. Marie Chamber of Commerce
    E-mail: rory@ssmcoc.com

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