Cambridge Chamber of Commerce

Ontario’s economic outlook remains uncertain for businesses and households as labour shortages, high energy costs, supply chain disruptions, and inflation continue to hit home. Ontario's business community needs a clear and predictable path forward to support economic recovery and growth. 

 

In preparation of the budget’s release, the Cambridge Chamber of Commerce and Ontario Chamber of Commerce (OCC) released the 2022 Ontario budget submission with recommendations to the Government of Ontario to ensure a strong and sustainable recovery. 

 

“In the upcoming budget, we would like to see the government direct sufficient resources towards the hardest-hit sectors, while laying the groundwork for a sustainable and inclusive economy,” said Cambridge Chamber of Commerce President & CEO Greg Durocher. “The submission notes that the crisis has created new problems and exacerbated pre-existing ones. Government must work to resolve these longstanding issues to ensure Ontario remains an attractive destination to start and grow businesses.”

 

OCC’s 2022 provincial budget submission provides recommendations to the Government of Ontario under the following categories: Economic Recovery; Resilient Communities; and Modernizing Regulation and Fiscal Policy.

 

Some key highlights include proposals to:  

  • Support entrepreneurship and small business growth with targeted business supports and access to public sector procurement.
  • Strengthen Ontario’s workforce by boosting immigration and training programs.
  • Make housing more affordable through increased supply and regulatory reforms.
  • Advance regional transportation and broadband infrastructure projects.
  • Bolster our health care system and address major backlogs in diagnostics and cancer screenings. 
  • Seize Ontario’s opportunity to lead in the global green economy. 
  • Remove barriers to interprovincial trade and labour mobility.

 

“The pandemic has made it clear that we cannot have a strong business community without a resilient health care system. Budget 2022 needs to focus on immediate measures that support business predictability and competitiveness while building health care capacity to withstand current and future challenges,” added Rocco Rossi, President and CEO of the Ontario Chamber of Commerce.

 

The recommendations outlined in the OCC’s budget submission were developed together with businesses, associations, post-secondary institutions, and the Ontario Chamber Network.   

 

Read the submission: https://bit.ly/3usBZa9

 

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