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MEDIA RELEASE: Support for Women Critical to Canada’s Economic Recovery

FOR IMMEDIATE RELEASE 

Support for Women Critical to Canada’s Economic Recovery

 Ontario Chamber Network’s latest report offers timely solutions to confront the most pressing challenges currently faced by women

 

September 9, 2020 – Mississauga, Ontario –Today, the Mississauga Board of Trade and Ontario Chamber of Commerce released, The She-Covery Project: Confronting the Gendered Economic Impacts of COVID-19 in Ontario. This policy brief lays out a path to Ontario’s economic recovery offering practical recommendations to confront both immediate and longer-term challenges faced by women.

“With women’s labour force participation at a record low, decades of progress towards gender equality are at stake,” said Rocco Rossi, President and CEO Ontario Chamber of Commerce. “This is not only a watershed moment for women but for Ontario’s economy and society more broadly, as women’s participation in the labour market is a precondition to its fulsome economic recovery and future prosperity.”

“The economic impacts of the pandemic were direct and immediate for women in Ontario,” said David Wojcik, President & CEO, Mississauga Board of Trade. “Temporary business shutdowns during the state of emergency most severely affected sectors that predominantly employ women. Restrictions on schools and paid child-care facilities have shifted additional hours of unpaid family care onto parents, and this work has largely been taken up by mothers.”

Major takeaways from the report include:

  • Leadership and accountability begin with a commitment from stakeholders to set collective targets, reward diversity, include women in decision-making bodies, and apply a gender and diversity lens to their strategies, policies, and programs for recovery.
  • Child-care requires a short-term strategy to weather the pandemic and longer-term, system-wide reforms to improve accessibility and affordability.
  • Workforce development initiatives should focus on defining critical skills, accelerating women’s reskilling, and ensuring their skills are utilized – with a focus on increasing their participation in skilled trade, technology, and engineering roles in fast-growing sectors.
  • Entrepreneurship should be understood as a pathway to economic growth, and an inclusive ecosystem is critical to supporting women entrepreneurs.
  • Flexible work arrangements are one way to level the playing field for women and improve organizational outcomes.

Full Copy of the Report – https://occ.ca/wp-content/uploads/OCC-shecovery-final.pdf

 

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About the Mississauga Board of Trade

Since being established in 1961, MBOT has played an important leadership role serving and representing the interests of business of all sizes and sectors in our community.

Mississauga is Canada’s sixth largest city and third largest in Ontario – with a population of close to 800,000 residents and over 50,000 businesses employing over 440,000 people, including 60 Fortune 500 Canadian headquarters. Mississauga is where successful companies choose to do business.

MBOT’s large, diverse and active membership has made us one of the most vibrant business associations in Canada.

As the “Voice of Business” we advocate on policy issues that impact local business at all levels of government and are influential in helping to shape policy decisions. MBOT also offers a wide variety of valuable business services and professional development programs, networking events and marketing opportunities, to help business grow, prosper, and get connected.

 

About the Ontario Chamber of Commerce
For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.

 

Media Contact

Brad Butt, Vice-President, Government & Stakeholder Relations

Mississauga Board of Trade

[email protected]

647-745-9748

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