Creating a Better Business Climate

Proposed Legislation Would Support Burden Reduction, Cluster Development

Wednesday, March 19, 2014

Ontario is introducing legislation today that, if passed, would create a better business climate by reducing burdens for business and driving regional economic growth by supporting the development of clusters.

The Better Business Climate Act, would, if passed, help reduce unnecessary regulatory burdens and practices that cost businesses time and money.

The proposed legislation would require the government to report annually on burden reduction activities.

The proposed legislation would also help create jobs and drive innovation and economic growth by supporting the creation of cluster development plans. If passed, the act would allow the government, in consultation with business, academia, labour and non-profits, to identify cluster opportunities that focus on regional competitive strengths.

The legislation would also require the government to publicly release cluster development plans with a mandate to review every five years.

Helping businesses stay competitive and grow 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. 

Read Ontario’s Open for Business Report: Fewer Burdens, Greater Growth.