Province highlights world-class workforce in meetings with U.S. companies
TORONTO — The Ontario government has concluded a successful business mission to New York City to promote the province’s financial services, information technology and life sciences sectors, and explore new opportunities for investment and job creation. The mission, led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, included roundtable discussions with American companies interested in expanding their presence in Ontario.
“This mission was a chance to meet face-to-face with companies in the U.S. to discuss opportunities for business expansion and collaboration across the border,” said Minister Fedeli. “New York City and Toronto are major financial and IT hubs. We’re building on our strong relationships to foster opportunities for companies on both sides of the border to grow and create more good-paying jobs.”
From April 10 to 12, Ontario met with leading companies in the financial services and information technology sectors, as well as several software development companies. This included meetings with Globant and Cockroach Labs, two New York-based software development companies that recently opened offices in Toronto. Both companies are growing their teams, with Globant’s expansion expected to add 200 highly-skilled jobs to the province.
“We were pleased to join Minister Fedeli in New York City to promote the Toronto Region and Ontario – North America’s fastest growing technology market – to international investors,” said Stephen Lund, CEO Toronto Global. “The relationships we have built here in-market have yielded thousands of jobs and significant investments to the regional economy, and we look forward to continuing to welcome these new, innovative companies to Ontario.”
Additional highlights from the trade mission included meetings with executives from Citi, Crowdbotics, Fever, ThoughtFocus, Justworks and Synechron, as well as a roundtable on foreign direct investment. The roundtable provided a key opportunity to strengthen existing relationships and foster new opportunities for investment. Last year, two-way trade between Ontario and New York was valued at close to $37 billion, with 300 New York-owned companies operating in Ontario.
With its competitive economy, world-class workforce, and state-of-the-art research and development facilities, Ontario continues to be a prime location for businesses to invest and grow.