Expenditure Estimates for the Ministry of Economic Development, Job Creation and Trade (2022-23)
The 2022-2023 Expenditure Estimates set out details of the operating and capital spending requirements of the Ministry of Economic Development, Job Creation and Trade for the fiscal year commencing April 1, 2022.
Summary
The Ministry supports economic growth and job creation focussed on delivering value for money, enhanced accountability, and improved transparency for all Ontarians by:
- Helping companies launch, grow, scale up and harness the right talent
- Providing programs and services that help increase Ontario's overall productivity and competitiveness
- Developing and implementing cross-cutting policies and strategies to reduce burdens on Ontario businesses in the areas of regulatory innovation, compliance modernization and regulatory reform
- Partnering with ministries and other levels of government to develop policies, strategies, and solutions in support of small and medium-sized businesses
- Developing and implementing strategies, policies and programs that help small businesses to start, grow and drive the recovery from the COVID-19 pandemic.
The Ministry also ensures Ontario's interests are represented in domestic and federally led international trade negotiations and disputes, and in the implementation of trade agreements. It promotes Ontario as a top-tier investment destination, showing the world how we are making it easier to invest and do business in the province.
Ministry Program Summary
| Vote | Program |
Estimates |
Estimates |
Difference |
Actual |
|---|---|---|---|---|---|
Operating expense |
|||||
| 901 | Ministry Administration Program | $23,118,500 | $23,118,500 | - | $18,432,699 |
| 902 | Economic Development, Job Creation and Trade Program | $919,453,100 | $862,985,100 | $56,468,000 | $3,663,722,064 |
| Total operating expense to be voted | $942,571,600 | $886,103,600 | $56,468,000 | $3,682,154,763 | |
| Statutory appropriations | $829,565 | $529,565 | $300,000 | $211,324,236 | |
| Ministry total operating expense | $943,401,165 | $886,633,165 | $56,768,000 | $3,893,478,999 | |
| Consolidation Adjustment - Venture Ontario | ($1,278,800) | ($1,335,000) | $56,200 | $2,162,915 | |
| Consolidation Adjustment - General Real Estate Portfolio | - | - | - | ($116,388) | |
| Total including consolidation & other adjustments | $942,122,365 | $885,298,165 | $56,824,200 | $3,895,525,526 | |
Operating assets |
|||||
| 902 | Economic Development, Job Creation and Trade Program | $143,000,000 | $65,000,000 | $78,000,000 | $9,538,923 |
| Total operating assets to be voted | $143,000,000 | $65,000,000 | $78,000,000 | $9,538,923 | |
| Ministry total operating assets | $143,000,000 | $65,000,000 | $78,000,000 | $9,538,923 | |
Capital expense |
|||||
| 902 | Economic Development, Job Creation and Trade Program | $3,000 | $3,000 | - | - |
| Total capital expense to be voted | $3,000 | $3,000 | - | - | |
| Statutory appropriations | $1,000 | $1,000 | - | - | |
| Ministry total capital expense | $4,000 | $4,000 | - | - | |
| Total including consolidation & other adjustments | $4,000 | $4,000 | - | - | |
Capital assets |
|||||
| 902 | Economic Development, Job Creation and Trade Program | $2,000 | $2,000 | - | - |
| Total capital assets to be voted | $2,000 | $2,000 | - | - | |
| Ministry total capital assets | $2,000 | $2,000 | - | - | |
| Ministry total operating and capital including consolidation and other adjustments (not including assets) | $942,126,365 | $885,302,165 | $56,824,200 | $3,895,525,526 | |
Reconciliation to Previously Published Data
| Operating expense |
2021-22 |
2020-21 |
|---|---|---|
| Total operating expense previously published |
$886,633,165 | $3,894,721,399 |
| Government reorganization | ||
| Transfer of functions to other ministries | - | ($1,242,400) |
| Restated total operating expense | $886,633,165 | $3,893,478,999 |
Ministry Administration Program - Vote 901
This program provides financial, human resources, planning, legal, and other corporate services for the operational programs and certain agencies of the Ministry.
Vote summary
Standard account by item and sub-items
| Vote- Item number |
Standard account by item and sub-items | Amount | Amount |
|---|---|---|---|
Operating expense |
|||
| 901-1 | Ministry Administration | ||
| Salaries and wages | $14,014,400 | ||
| Employee benefits | $1,430,000 | ||
| Transportation and communication | $630,000 | ||
| Services | $6,590,000 | ||
| Supplies and equipment | $454,100 | ||
| Other transactions | $100,000 | ||
| Subtotal | $23,218,500 | ||
| Less: Recoveries | $100,000 | ||
| Total operating expense to be voted | $23,118,500 | ||
| Sub-items: | |||
| Main Office | |||
| Salaries and wages | $6,082,200 | ||
| Employee benefits | $562,300 | ||
| Transportation and communication | $185,000 | ||
| Services | $1,761,900 | ||
| Supplies and equipment | $75,000 | $8,666,400 | |
| Planning and Finance | |||
| Salaries and wages | $3,673,100 | ||
| Employee benefits | $428,300 | ||
| Transportation and communication | $350,000 | ||
| Services | $1,680,100 | ||
| Supplies and equipment | $192,500 | ||
| Other transactions | $100,000 | ||
| Subtotal | $6,424,000 | ||
| Less: Recoveries | $100,000 | $6,324,000 | |
| Human Resources | |||
| Salaries and wages | $1,069,400 | ||
| Employee benefits | $105,400 | ||
| Transportation and communication | $40,000 | ||
| Services | $183,000 | ||
| Supplies and equipment | $20,000 | $1,417,800 | |
| Communications Services | |||
| Salaries and wages | $3,154,700 | ||
| Employee benefits | $332,000 | ||
| Transportation and communication | $35,000 | ||
| Services | $700,000 | ||
| Supplies and equipment | $40,000 | $4,261,700 | |
| Legal Services | |||
| Salaries and wages | $35,000 | ||
| Employee benefits | $2,000 | ||
| Transportation and communication | $20,000 | ||
| Services | $2,265,000 | ||
| Supplies and equipment | $126,600 | $2,448,600 | |
| Total operating expense to be voted | $23,118,500 | ||
| Statutory appropriations | |||
| Statutory | Minister's Salary, the Executive Council Act | $47,841 | |
| Statutory | Minister without Portfolio’s Salary, the Executive Council Act | $22,378 | |
| Statutory | Parliamentary Assistants' Salaries, the Executive Council Act | $32,346 | |
| Statutory appropriations | |||
| Other transactions | |||
| Statutory | Bad Debt expense, the Financial Administration Act | $1,000 | |
| Total operating expense for Ministry Administration Program | $23,222,065 | ||
Economic Development, Job Creation and Trade Program - Vote 902
This program supports economic growth and job creation in Ontario by:
- Attracting and growing investment in key business clusters, regions, and sectors
- Delivering and managing related funding and business support programs
- Engaging with industry to support Ontario priorities and issues management
- Collaborating with partner ministries to develop policies and strategies to improve business competitiveness
- Ensuring Ontario's interests are well-represented in all trade matters and negotiations; developing investment and trade strategies to increase Ontario's competitiveness domestically and internationally
- Identifying potential sites well suited for major industrial investments and working with partners to make these sites investment ready
- Attracting, promoting, and facilitating exports and investment through Ontario’s international network of 15 Trade and Investment Offices
- Delivering export support programs and services to enhance the profile of Ontario SMEs around the world
- Providing broader investment services and valuable connections for investors looking to establish their businesses in the province.
Ontario’s new investment attraction agency, Invest Ontario, will play a pivotal role in the province’s economic recovery and growth. It will help secure anchor investments that will create jobs, diversify our economy, and create new opportunities across value chains.
The Ministry is developing strategies for priority industries in Ontario to ensure long-term competitiveness, job growth and investment; advancing Foreign Direct Investment in Ontario; and building strategic partnerships with leading companies and stakeholders within key sectors of Ontario's economy.
The Ministry is delivering technology adoption and talent programs that build strong relationships with members of the entrepreneurial and innovation ecosystem and to provide them with access to capital and services to scale-up their businesses and create jobs.
The Ministry also supports IPON, a new go-to resource that will help researchers and companies maximize the value of their intellectual property (IP) and strengthen their capacity to grow and compete in the global market.
The Ministry supports the development of regulatory compliance modernization initiatives as well as small business strategy and policy. The aim is to make government work better for businesses, including for-profits, not-for-profits and the broader public sector.
Vote summary
Standard account by item and sub-items
| Vote- Item number |
Standard account by item and sub-items | Amount | Amount | Amount | |
|---|---|---|---|---|---|
Operating expense |
|||||
| 902-13 | Economic Development, Job Creation and Trade | ||||
| Salaries and wages | $48,291,700 | ||||
| Employee benefits | $5,782,100 | ||||
| Transportation and communication | $4,283,700 | ||||
| Services | $25,831,200 | ||||
| Supplies and equipment | $2,075,400 | ||||
| Transfer payments | |||||
| 5G Wireless and Next Generation Networks | $6,976,000 | ||||
| Auto Assemblers Investments | $1,300,000 | ||||
| Automotive Plan | $7,050,000 | ||||
| Business Research Institution Tax Credit | $25,974,300 | ||||
| Commercialization and Innovation Network Support | $17,304,200 | ||||
| Communitech Hub | $3,900,000 | ||||
| Critical Technologies Initiative | $32,200,000 | ||||
| Enhanced Digital Mainstreet | $20,000,000 | ||||
| Futurpreneur | $2,000,000 | ||||
| Industrial Land Development | $85,950,000 | ||||
| Intellectual Property Ontario | $7,188,200 | ||||
| Invest Ontario Fund | $100,000,000 | ||||
| Invest Ontario Fund - operating | $7,310,000 | ||||
| Jobs and Prosperity Fund and other Business Support Programs | $165,819,700 | ||||
| Life Sciences Strategy | $5,000,000 | ||||
| Ontario Centre of Innovation | $16,532,900 | ||||
| Ontario Innovation Tax Credit | $181,795,900 | ||||
| Ontario Together Fund | $18,000,000 | ||||
| Ontario Vehicle Innovation Network | $16,770,000 | ||||
| Regional Opportunities Investment Tax Credit | $75,338,300 | ||||
| Sector Support Grants | $12,593,900 | ||||
| Small Business Digitization Competence Centre | $5,000,000 | ||||
| Small Business Enterprise Centres Entrepreneurship Programs | $10,901,000 | ||||
| Strategic Investments | $3,487,500 | ||||
| Toronto Global | $2,500,000 | ||||
| Trillium Network for Advanced Manufacturing | $500,000 | ||||
| Venture Ontario - operating | $2,000,000 | $833,391,900 | |||
| Subtotal | $919,656,000 | ||||
| Less: Recoveries | $202,900 | ||||
| Total operating expense to be voted | $919,453,100 | ||||
| Sub-items: | |||||
| Economic Development and Investment | |||||
| Salaries and wages | $18,840,200 | ||||
| Employee benefits | $2,403,600 | ||||
| Transportation and communication | $2,131,000 | ||||
| Services | $7,567,400 | ||||
| Supplies and equipment | $1,390,600 | ||||
| Transfer payments | |||||
| 5G Wireless and Next Generation Networks | $6,976,000 | ||||
| Auto Assemblers Investments | $1,300,000 | ||||
| Automotive Plan | $7,050,000 | ||||
| Critical Technologies Initiative | $32,200,000 | ||||
| Enhanced Digital Mainstreet | $20,000,000 | ||||
| Industrial Land Development | $85,950,000 | ||||
| Invest Ontario Fund | $100,000,000 | ||||
| Invest Ontario Fund - operating | $7,310,000 | ||||
| Jobs and Prosperity Fund and other Business Support Programs | $165,819,700 | ||||
| Life Sciences Strategy | $5,000,000 | ||||
| Ontario Together Fund | $18,000,000 | ||||
| Ontario Vehicle Innovation Network | $16,770,000 | ||||
| Regional Opportunities Investment Tax Credit | $75,338,300 | ||||
| Sector Support Grants | $12,593,900 | ||||
| Small Business Digitization Competence Centre | $5,000,000 | ||||
| Strategic Investments | $3,487,500 | ||||
| Toronto Global | $2,500,000 | ||||
| Trillium Network for Advanced Manufacturing | $500,000 | $565,795,400 | $598,128,200 | ||
| Strategy and Policy | |||||
| Salaries and wages | $7,534,700 | ||||
| Employee benefits | $916,900 | ||||
| Transportation and communication | $137,100 | ||||
| Services | $2,123,800 | ||||
| Supplies and equipment | $76,900 | ||||
| Subtotal | $10,789,400 | ||||
| Less: Recoveries | $202,900 | $10,586,500 | |||
| Start-ups and Scale-ups | |||||
| Salaries and wages | $6,800,000 | ||||
| Employee benefits | $885,000 | ||||
| Transportation and communication | $415,600 | ||||
| Services | $2,502,700 | ||||
| Supplies and equipment | $229,000 | ||||
| Transfer payments | |||||
| Futurpreneur | $2,000,000 | ||||
| Small Business Enterprise Centres Entrepreneurship Programs | $10,901,000 | $12,901,000 | $23,733,300 | ||
| International Trade | |||||
| Salaries and wages | $15,116,800 | ||||
| Employee benefits | $1,576,600 | ||||
| Transportation and communication | $1,600,000 | ||||
| Services | $13,637,300 | ||||
| Supplies and equipment | $378,900 | $32,309,600 | |||
| Innovation | |||||
| Transfer payments | |||||
| Business Research Institution Tax Credit | $25,974,300 | ||||
| Commercialization and Innovation Network Support | $17,304,200 | ||||
| Communitech Hub | $3,900,000 | ||||
| Intellectual Property Ontario | $7,188,200 | ||||
| Ontario Centre of Innovation | $16,532,900 | ||||
| Ontario Innovation Tax Credit | $181,795,900 | ||||
| Venture Ontario - operating | $2,000,000 | $254,695,500 | $254,695,500 | ||
| Total operating expense to be voted | $919,453,100 | ||||
| Statutory appropriations | |||||
| Other transactions | |||||
| Statutory | Bad Debt expense, the Financial Administration Act | $726,000 | |||
| Total operating expense for Economic Development, Job Creation and Trade Program | $920,179,100 | ||||
Operating assets |
|||||
| 902-14 | Economic Development, Job Creation and Trade | ||||
| Loans and Investments | |||||
| Invest Ontario | $100,000,000 | ||||
| Ontario Together Fund | $10,000,000 | ||||
| Strategic Investments | $3,000,000 | ||||
| Jobs and Prosperity Fund and other Business Support Programs | $30,000,000 | $143,000,000 | |||
| Total operating assets to be voted | $143,000,000 | ||||
| Total operating assets for Economic Development, Job Creation and Trade Program | $143,000,000 | ||||
Capital expense |
|||||
| 902-21 | Economic Development, Job Creation and Trade | ||||
| Other transactions | $3,000 | ||||
| Total capital expense to be voted | $3,000 | ||||
| Statutory appropriations | |||||
| Other transactions | |||||
| Statutory | Amortization, the Financial Administration Act | $1,000 | |||
| Total capital expense for Economic Development, Job Creation and Trade Program | $4,000 | ||||
Capital assets |
|||||
| 902-22 | Economic Development, Job Creation and Trade | ||||
| Investments in Tangible capital asset | $1,000 | ||||
| Land and marine fleet - asset costs | $1,000 | ||||
| Total capital assets to be voted | $2,000 | ||||
| Total capital assets for Economic Development, Job Creation and Trade Program | $2,000 | ||||
Updated: September 08, 2022
Published: September 08, 2022
Footnotes
- footnote[1] Back to paragraph Total operating expense includes statutory appropriations, special warrants and total operating expense to be voted.