Ontario Premier Kathleen Wynne tabled a budget Thursday that includes measures to support innovation and entrepreneurship, address youth unemployment and support small businesses.
If passed, the $127.6-billion plan would dedicate $295-million over two years to help young people find jobs. The Youth Jobs Strategy will help up to 30,000 youth across the province to start their own businesses, access mentorship, and would provide incentives for businesses to hire young people.
The Youth Job Strategy takes aim at reducing the youth unemployment rate, and includes:
- $45 million for a Youth Entrepreneurship Fund that would create up to 6,000 mentorship and job opportunities.
- $10 million to help post-doctoral fellows acquire the business skills they need to work in the private sector.
- $20 million to universities and colleges for entrepreneurial programs.
- $25 million to pilot projects that improve co-ordination between business, labour, youth and educators.
For more information on the Ontario budget, visit the Ontario Newsroom here.