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MBOT gives input at pre-budget consultation with Ontario Minister of Finance

Sheldon headshot 2014 webBy Sheldon Leiba

On January 28, I had the opportunity to represent MBOT at a pre-budget consultation meeting in Mississauga hosted by Ontario Minister of Finance and Mississauga South MPP, Hon. Charles Sousa.  Amrit Mangat MPP  Mississauga-Brampton South was also in attendance.

Thirty representatives from various leading stakeholder organizations in the community had an opportunity to speak for 3 minutes to present its input and policy priorities.   Notable speakers included: Mayor Bonnie Crombie; UTM Principal, Deep Saini; Trillium Health Partners, CEO Michele DiEmanuele; and United Way Peel CEO, Shelley White.

The meeting provided me the opportunity to hand deliver to the Minister a copy of MBOT’s policy priorities document “Mississauga Works”, summarizing top priorities of  our members and business community:
•    focus on economy, business growth and jobs
•    strong fiscal management, reducing provincial debt, strategic investments, and overall value for tax dollars
•    keeping taxes for business at a competitive level to stimulate business investment and job creation
•    reducing unnecessary red tape and business regulations
•    enhanced and better coordination of business supports, programs and services
•    addressing infrastructure, transportation and public transit deficit to improve people and goods movement
•    developing and connecting talent to labour needs of business
•    cooperation, commitment and action from all levels of government to address needs of communities and business across province

MBOT will be making a formal pre-budget submission to the provincial government.   The date for release of provincial budget has yet to be announced.

Sheldon Leiba is President and CEO of the Mississauga Board of Trade. He can be reached at [email protected]

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MBOT News

27

Sep 17

Extending Minimum Wage Implementation Will Slash Job Loss Risk by 74%: Economic Analysis Final analysis of Bill 148 reveals $12 billion economic problem that the Ontario Government must resolve

Wednesday, September 27, 2017: Today the Mississauga Board of Trade, in partnership with the Ontario Chamber of Commerce (OCC) and the Keep Ontario Working (KOW) Coalition, released two major reports that broadly capture the challenges associated with Bill 148 and the concerns of the employer community. The first report is the final economic impact analysis of Bill 148 by the Canadian Centre for Economic Analysis’ (CANCEA), which was peer-reviewed by Professor Morley Gunderson of the University of Toronto. CANCEA’s analysis reveals that if Government were to do nothing other than implement the minimum wage increase over five years instead of in the next 15 months, jobs at risk would decrease by 74 per cent in the first two years. The analysis also indicates that while the proposed changes will see $11 billion in wage stimulus flow into the economy in the next two years, a remaining $12 billion problem exists which will lead to jobs lost, added costs, and general damage to the Ontario economy. “Today’s final report by CANCEA is clear, while the Government is correct to say that there will be a stimulus from Bill 148, it does not cover the $23 billion cost challenge for business in the first two years – a substantial amount that poses great risk to our economy and cannot be resolved through offsets alone,” said Karl Baldauf, Vice President of Policy and Government Relations at the Ontario Chamber of Commerce. “More must be done. The Ontario Government must resolve the economic challenges presented in Bill 148 through a combination of slowing down the implementation period, amending the legislation, and offsets. Business and Government must work together to avoid unintended consequences and protect our most vulnerable.” “This report should be a great concern to Mississauga businesses,” said David Wojcik, President & CEO, Mississauga Board of Trade. “We call on our MPPs to heed this advice and slow down the pace of change through Bill 148.”
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