Skip to content
Facebook Twitter LinkedIn Youtube
Ontario chamber of commerce logo.
  • Advocacy
    • Campaign Trail & Advocacy Updates – 2025 Federal Election
    • Ontario Competes
    • Our Publications
    • Ontario Economic Report
    • Ontario’s Mining Future 2030
    • Artificial Intelligence Hub
    • Economic Reconciliation Initiative
    • Housing Affordability Initiative
    • Policy Brief Series
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Achievement Awards
    • Ontario Business Advisory Council
    • Ontario Economic Summit
    • Smart Growth Symposium
    • Webinars
  • Programs
    • Grow Your Business Online
    • Talent Opportunities Program
    • Discover Ability Network
    • Canada United Small Business Relief Fund
    • Export and Trade
  • Membership
    • Affinity Programs
  • News
    • Media Releases
    • Policy Updates
    • Blogs
  • About
    • Contact
    • Board of Directors
    • Staff
    • Employment
    • Strategic Plan
A magnifying glass icon on a white background.
x
x
  • Advocacy
    • Campaign Trail & Advocacy Updates – 2025 Federal Election
    • Ontario Competes
    • Our Publications
    • Ontario Economic Report
    • Ontario’s Mining Future 2030
    • Artificial Intelligence Hub
    • Economic Reconciliation Initiative
    • Housing Affordability Initiative
    • Policy Brief Series
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Achievement Awards
    • Ontario Business Advisory Council
    • Ontario Economic Summit
    • Smart Growth Symposium
    • Webinars
  • Programs
    • Grow Your Business Online
    • Talent Opportunities Program
    • Discover Ability Network
    • Canada United Small Business Relief Fund
    • Export and Trade
  • Membership
    • Affinity Programs
  • News
    • Media Releases
    • Policy Updates
    • Blogs
  • About
    • Contact
    • Board of Directors
    • Staff
    • Employment
    • Strategic Plan
A man is riding a bike on a hill.

OCC Calls for Forward Looking Investments in Budget 2024 Amidst Economic Challenges

COVID-19 Information Tariff Resources
Navigating U.S. Tariffs
Become a Member
Become a Member >
Facebook Twitter LinkedIn Youtube

Media Release

OCC Calls for Forward Looking Investments in Budget 2024 Amidst Economic Challenges

November 20, 2023

(Toronto – November 20, 2023) – In the wake of the Province’s Economic Outlook and Fiscal Review, Rocco Rossi, President and CEO, Ontario Chamber of Commerce (OCC), is calling on the Ontario government to prioritize strategic, long-term investments in the upcoming 2024 budget:

“Ontario’s business community continues to grapple with challenges ranging from labour shortages to inflation to broader economic uncertainty. In Budget 2024, the Ontario government needs to focus on measures that not only support immediate growth but also lay the groundwork for sustainable long-term economic expansion.”

The OCC’s membership encompasses a wide range of industries, each with its unique needs and challenges. However, there are crucial areas where the government’s focus in the 2024 budget can make a significant impact across all sectors. These include:

  1. Investing in Workforce Development: To address critical labour shortages, investments to resolve skills mismatches are vital. These initiatives should be designed to close the gap between current workforce skills and the evolving demands of Ontario’s labour market.
  2. Enhancing Infrastructure: Strategic investments in infrastructure, including transportation and digital connectivity, can boost immediate economic activity while supporting long-term growth. This includes expanding broadband access in rural and remote areas and upgrading public transit and road networks.
  3. Fostering a Business-Friendly Environment: Implementing policies that reduce red tape and create a conducive environment for business growth is essential. This includes reviewing and streamlining regulatory processes, providing tax incentives for businesses looking to expand or relocate to Ontario and targeted supports for indebted small business.
  4. Supporting Innovation and Technology: Encouraging the adoption of new technologies and supporting innovation can help Ontario businesses remain competitive in a global market. This includes providing incentives for research and development and supporting technology-driven sectors.

“The OCC welcomes the Province’s commitments in its 2023 Ontario Economic Outlook and Fiscal Review across crucial policy areas, including housing, health care, investment attraction, workforce, and infrastructure, which will have positive implications for the economy. Notably, the new Ontario Infrastructure Bank (OIB) has the potential to unlock private investment in infrastructure, including affordable housing, which has been indicated as a top priority for the bank.”

The OCC remains committed to working collaboratively with the government and its members to advocate for policies that bolster the province’s economic health and ensure a prosperous future for Ontario.

 

-30-

About the Ontario Chamber of Commerce
The Ontario Chamber of Commerce (OCC) is the indispensable partner of business and Canada’s largest, most influential provincial chamber. It is an independent, not-for-profit advocacy and member services organization representing a diverse network of 60,000 members. The OCC’s mission is to convene, align and advance the interests of its members through principled policy work, value-added business services and broad engagement to drive competitiveness and economic growth in the province.

For more information, please contact:
Andrea Carmona
Manager, Public Affairs,
Ontario Chamber of Commerce
andreacarmona@occ.ca | Mobile: (647) 234-0255

Previous

FES 2023 Leaves Small Businesses Behind, Ontario Chamber

Next

Prime Minister of Canada, Premier of Ontario and Mayor of Toronto Commit to Partnerships for Prosperity at 2023 Ontario Economic Summit

Follow Us

Facebook Twitter LinkedIn Youtube

Site Nav

  • Advocacy
  • Events
  • Programs
  • Membership
  • News
  • About
  • Contact

Receive Updates

Subscribe to our mailing list and stay up to date on everything with the Ontario Chamber of Commerce

Subscribe Now
PREMIER MEMBERS
A purple and green logo on a black background. Atkins reals logo on a white background. A green logo on a black background. A teal color with a white background. A blue and green logo with a cross in the middle. A blue bell logo on a white background. Rbc bank of canada logo. A blue and white logo with a black background. A blue and gray logo with a blue and gray background. Rr america logo on a black background. The cn logo on a black background. A logo with a red, orange, and yellow background. Mccarthy tetrault logo on an orange background. The meridian logo on a black background. A black and white photo of a man and a woman. A blue and red logo with the word mcdonald's. Bruce power innovation at work logo. A red and black logo on a black background. The logo for the ontario medical association. The power corporation of canada logo. The lily logo on a black background. A colorful logo with the word mcdonald's on it. A black and yellow logo with a yellow arrow. Waste Connections of Canada A blue logo with the word cogeco on it. A blue and orange logo with the number 5 on it. The canadian maple leaf logo on a black background. A logo with an orange and black background. A logo with a red and gray background. The university of cleveland college of business and economics logo. The logo for luna feel the power. A red and black logo on a black background. The logo for strategim. Tln media group logo. 404 etr express rail route logo. The logo for accerta on a black background. The logo for rothman, beshish & hedges, inc. The logo for astrezeca. Biomarin logo on a black background. A logo with the letter a on it. The logo for the board of canadian registered safety professionals. A blue and white logo with a blue background. Magna logo on a black background. Pfizer logo Canada life logo on a black background. Northbridge insurance logo on a black background. A green logo with the word mnp. Tc energy logo on a white background. Destination northern ontario logo. The interac logo with a hand on it. A thin red line on a black background. The cadillac fairview logo. Meta logo. Beer canada logo on a white background. The logo for port montreal. The federation of rental housing providers of ontario logo. The logo for bennett jones. Agnico eagle logo. Leger 360

Ontario Chamber of Commerce © 2025 | Privacy Policy | Service Standard | Employment Opportunities
The OCC is an accredited chamber of commerce