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= NEWS AVID LEA lea@metroland.com a9 Ontario Premier Doug akville on ing provincial budget, was discussed during a news conference at local manu- facturer Oakville p- ufacturing companies an- other reason to invest in homegrown Ontario made and their o1 a etiane Oath here in Ontario," said Ford. “If passed, the Ontario- made manufacturing in- vestment tax credit will provide companies a 10 per cent refundable tax credit of up to $2 million a year on “KIDS NEED MORE qualifying investments in buildings, machinery and equipment." Ford said the tax credit would help local manufac- turing companies grow, in- novate, become more com- petitive and create good- paying job: The premier said the Ontario Made Manufé turing Investment Tax Credit would be available Canadian-controlled private corporations that ifyi invest- ments and that have a per- manent establishment in place of business including an office, factory or work- shop). The proposal comes as the province continues to navigate global economic uncertainty and challeng- es such as protectionist legislation in the United States. Ford said the proposed tax credit is just one of the ing manufacturers. things his government is doing to help local manu- facturing pusinesses. production “tacilities, like INVESTMENTS IN EDUCATION, 99 NOT LES Larry, Ontario Parent KNOW € 8 : 3 £& MORE.CA Catholic Teachers David Lea/Metroland Premier Doug Ford is joined by Oakville MPP Stephen Crawford, Oakville Mayor Rob Burton, Ontario Finance eis Peter Bethlenfalvy and Oakville North-Burlington MPP Effie about a proposed investment tax credit for this one, are the lifeblood of communities across the province and have been for decades," he said. "That's why since Day 1 we have been hard at work creating the conditions for manufacturing companies ofall sizes to grow and suc- ceed. We're tackling labour PREMIER PROPOSES 10 PER CENT INVESTMENT TAX CREDIT FOR MANUFACTURERS shortages with historic in- vestments in employment and training program: we're building roads and highways to keep people and goods moving; we're cutting costs, making elec- more affordable; cutting red tape; and we've kept taxes and fees low. The result is we have re- duced the cost of doing business in Ontario by $8 billion a year. That's mon- ey that goes back into busi- nesses sO they caninvestin growth and new jobs." Ford said his approach is getting results, noting that in 2022, Ontario se- cured more than 150 in- vestment deals froma wide range of sectors, including automotive, technology, manufact and sciences He said these invest- ments will contribute to the creation and retention of thousands of good-pay- ing jobs.