Ontario releases fall economic statement

Ontario makes strategic investments to driving growth in the life sciences sector.

Ontario’s 2024 Fall Economic Statement outlines new investments to strengthen the province’s economy, create jobs and improve public services. Key initiatives include funding for infrastructure projects, expanding healthcare access, supporting workforce development and enhancing economic growth across such sectors as manufacturing, technology and health sciences. This plan aims to foster long-term prosperity and provide Ontario residents with improved services and opportunities.

“Ontario’s $146-million commitment to life sciences signals a major boost for entrepreneurs and the entire health innovation ecosystem. With enhanced support for research infrastructure and commercialization pathways, Ontario is laying the groundwork for life sciences ventures to scale rapidly and compete globally. At MaRS, we’re eager to help these innovators transform ambitious ideas into real-world health solutions. This investment from the government is a step to strengthening Ontario’s standing as a leader in health innovation, and we look forward to building on this momentum.”
– Alison Nankivell, CEO MaRS Discovery District