Ontario is helping young entrepreneurs develop the skills they need to turn their business ideas into successful companies, supporting the creation of 400 new businesses and close to 2,000 jobs.
Through the Canadian Youth Business Foundation, Ontario's support will provide mentoring, business coaching, start-up loan financing and other resources for entrepreneurs aged 18-39 as they start and operate their own business. Successful start-ups supported by the foundation include:
- Dual Audio Services, a full service audio-visual company
- Toronto's eco-chic clothing line, Aime
- Avenir Medical, PelvAssist, which offers a cost effective, improved alternative to traditional hip replacement technology
- Paintlounge, a painting studio and cafe located in Markham
This builds on the support the McGuinty government provides young Ontarians through Ontario's Summer Jobs Strategy. Through the Summer Jobs Strategy, the government has helps students find a summer job, launch their own summer company, and offers employers a $2-per-hour hiring incentive.
Providing the right climate to attract investment and build business is part of the McGuinty government's plan to create jobs and strengthen the economy. A strong economy protects the services that mean most to families - health care and education.