Ontario Government for the People Protects Manufacturing Jobs in Northern OntarioPublished on January 14, 2019
Vaughan-Woodbridge — Ontario’s Government for the People has announced a major investment of $60 million in Algoma Steel, sending a strong message that Ontario is open for business.
“We know the kind of pressure Algoma Steel is feeling in Northern Ontario. Trade disputes, tariffs, and the threat of a federal carbon tax are making it difficult to compete,” said Michael Tibollo MPP Vaughan-Woodbridge. “Our government made a commitment to create and protect jobs. This investment does exactly that.”
Today’s announcement will help Canada’s second-largest steel producer maintain its significant economic footprint in Northern Ontario and beyond. Every year, Algoma spends over $1.2 billion on supplies, services, and raw materials—activity that has a positive economic impact in locales all across Ontario.
“Work in the steel industry creates thousands of jobs in Ontario, and is an essential part of our industrial and manufacturing sector,” said Greg Rickford, Minister of Energy, Northern Development and Mines. “Major employers like Algoma Steel are pillars of the community—creating positive economic ripple effects that extend far beyond just those on Algoma Steel’s payroll.”
“The investment announced today will help secure the future of Algoma Steel, its employees, and the broader community for many years to come,” said Minister Rickford. “Opening Ontario for business, creating and protecting jobs, and delivering on the promises we made to the people of Ontario is what our government is here to do.”