The OINP allows the province in nominating economic immigrants to seek the permanent residence and also fill up the talent gaps to make economic growth. The government also aims to drive economic development through helping the provincial businesses, in meeting the labor needs that are not met locally, in the Northern areas where unique skills challenges exist. After this swift action the Northern Ontario will be open for business and create good jobs, as per the statement of Vic Fedeli, the minister of Economic Development.
Tailored solutions leading to economic immigration for the regions having specific labor requirements will help the economy and also bring the right talent.
Changes to the Program will support businesses in the North expand the worker types and also attract entrepreneurs. The incoming talents will help in the growth of the economy, create additional job opportunities, and new opportunities for the residents.
These changes follow announcement of reforms during the last month that allow businesses to nominate immigrants for PR in filling up labor gaps in personal support workers and the truck drivers. The Entrepreneur Stream was updated by changing the eligibility requirements. This measure will make it easy for global entrepreneurs in becoming job creators in Ontario. Ontario will be attractive to global entrepreneurs and can also compete with similar jurisdictions. The requisite investment threshold was lowered to $600,000 from $1 million in the Greater Toronto Area and to $200,000 from $500,000 outside this GTA.
The provincial investment threshold in the Information and Communication Technology Sector is $200,000. Ontario has adjusted the screening process of applicants to ensure that it attracts the best business people and entrepreneurs.
Additionally, the government will recruit more skilled talents in the Information and Communication Technology Sector. It aims to identify and target skilled people, possessing the technological skills required in making this sector successful.
Connecting talented workers with Northern businesses help to lay the foundation to develop a strong economy benefiting not only the workers but also job creators. There will be a streamlined and gainful opening in the business climate to help in the investment and, innovation of companies in Ontario.
As per a 2016 study by Canada, the Trucking industry will suffer from the shortage of 34,000 drivers in the next five years. The Nominee Program in Ontario has an allocation of 6,650 in the present year, and an allotment of 250 specific nominations for NOC level C jobs.
Ontario is seeking an increase in the nomination allocation for 2019 and will also discuss regarding the nomination allocation in 2020. Finally this will ensure that Ontario will meet the demand for the program, overall and also in the Northern regions.
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