New agency will position Ontario as a top tier destination for investment

TORONTO, CANADA — The Ontario government has appointed the first members to the Board of Directors of Invest Ontario, the new provincial agency focused on promoting the province as key investment destination.

The board will lead the new agency and will report to Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade and will advise on key opportunities to showcase the province’s unique value propositions in an increasingly competitive global marketplace.

Heading the agency as Chair is Elyse Allan, an accomplished executive with experience in driving growth, technology and innovation. Board members Anna Barrett, Janet Ecker, Ernie Eves, Cecil Hawkins, Andrew MacLeod, Joseph S. Mancinelli, Gadi Mayman, Carmine Nigro, Ajay Virmani and James Wallace will bring extensive experience and expertise in advanced manufacturing, technology and life science sectors that serve as initial areas of focus for the agency.

“Now more than ever, it's critical to position Ontario as a top tier destination for investment. A key measure to support this objective is the creation of a new investment attraction agency, Invest Ontario,” said Minister Fedeli. “Invest Ontario will be supported by a team of business development executives who bring a private-sector approach to attracting large-scale, high-quality investments to help drive our economy forward and cement our position as the economic engine of Canada.”

Invest Ontario will include greater business development and deal structuring expertise and build on the many benefits of investing in Ontario, including: a good quality of life, a highly skilled talent pool, a strong and growing innovation sector, and a pro-job creation jurisdiction that can help businesses thrive.

“Ontario offers a wealth of opportunities for investors and businesses looking to grow. Our talented workforce, leading postsecondary institutions, strong innovation and manufacturing sectors and business friendly climate are just a few of the attributes that make our province highly attractive,” said Elyse Allan, Board Chair of Invest Ontario. “Invest Ontario will promote these qualities and provide an all-in-one experience to prospective global investors that results in finding and closing the best deals to bring value and opportunity to the province.”

Invest Ontario will promote the province as a key investment destination, making Ontario more competitive while sending a strong signal to investors that the province is open for business. It will be a "one stop shop" for businesses and investors. It will move at the speed of business and drive greater economic growth, support strategic domestic firms, and attract business from around the world to create good jobs in Ontario.

Quick Facts

  • Learn more about Invest Ontario Board of Directors
  • Invest Ontario was established in July 2020
  • Board members are part-time and paid on a per diem basis in accordance with the Agencies and Appointments Directive. In lieu of a per diem, the Chair will earn a salary of $90,000 for conducting business related to Invest Ontario. They are subject to Public Sector Salary Disclosure Act, 1996.
  • The government may appoint up to 13 board members.

Additional Resources

Media Contacts

Rebecca Bozzato
Minister Fedeli’s Office
rebecca.bozzato@ontario.ca

Lauren Nucciarone
International Marketing Unit
lauren.nucciarone@ontario.ca

Sector/subsector: 

March 19, 2021
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