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Ontario Government To Reduce Business 'Red Tape'

Web posted on March 12, 2014

Ontario is strengthening the province's business climate by introducing legislation that would, if passed, reduce red tape for business and create cluster development plans to help drive regional economic growth and create jobs. If passed, Ontario would join British Columbia and Saskatchewan as the only provinces to pass legislation around regulatory reform.

The legislation would, if passed, revise Ontario's Open for Business Strategy by:
--> Requiring every single ministry to eliminate at least one regulatory burden each and every year
--> Introducing mandatory review of high-impact regulations
--> Reporting annually on burden reduction

This would build on the government's previous success of saving businesses over $6 million and more than 150,000 hours of administrative work last year and the 80,000 regulatory burdens eliminated since 2008.

"I am proud of the work we are doing to improve Ontario's business climate by strengthening our partnerships with business. We know how important burden reduction is to our small and medium-sized businesses, and our strengthened Open for Business Strategy will help us save businesses $100 million in time and money. The legislation would help strengthen our partnerships with business whether it's building strong regional clusters or reducing burdens helping to create jobs and grow our economy in all areas of the province." Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment.

Ontario introduced the Business Info Line in 2010, making it easier for businesses to find the government supports they need in one place. The line receives over 1,800 calls per week and in 2012, saved businesses an estimated $1.3 million by reducing the amount of time lost searching for the right information or person.

The legislation would also require government, in consultation with business, academia, other levels of government, labour and non-profit organizations to develop plans for regional economic clusters. Through the creation of cluster development plans, Ontario would be better positioned to attract investment in key sectors from aerospace to food processing. The legislation would also require government to publicly release cluster development plans with a mandate to review every five years.

"A streamlined regulatory environment is crucial to helping businesses stay competitive in today's economy. The Ontario government is taking a step in the right direction with this proposed legislation and we look forward to seeing the ongoing benefits that these reduction measures have for our members." Plamen Petkov, Vice President, Ontario, Canadian Federation of Independent Business.

Helping businesses stay competitive and grow in Ontario is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.