The Ontario government announced today that it will launch a comprehensive Youth Jobs Strategy across the province.
This strategy will help more young people find jobs and enable employers to hire the skilled workers they need to thrive.
“Today’s young people will be tomorrow’s leaders in an innovative economy.” said Ontario Minister of Research & Innovation Reza Moridi. “This strategy would ensure that Ontario’s youth have the opportunities and support they need to succeed – it’s an investment in the future of our province.”
The strategy would focus on jobs, entrepreneurship and innovation for youth in Ontario and includes four main components:
- Ontario Youth Employment Fund – would create new job opportunities for youth across Ontario.
- Ontario Youth Entrepreneurship Fund – supports the next generation of entrepreneurs through mentorship, startup capital and outreach.
- Ontario Youth Innovation Fund – supports youth to lead and manage industrial research, development and commercialization. It would also support young entrepreneurs at universities and colleges.
- Business-Labour Connectivity and Training Fund to bring together business, labour, educators and youth to better prepare young people to develop the skills they need to succeed.
The entire strategy would be supported by a total investment of $295 million over two years, and would create 30,000 new job opportunities.