03/26/2026
In a fiercely competitive global environment, FordNations Minister of Finance PPeter Bethlenfalvy respond positively to recommendations in support of community.
“We’ve got some of the greatest minds on the planet in technology right here in Ontario,” Bethlenfalvy told reporters.
“We provide a lot of funding for research, come up with great patents and intellectual property, and then investors come from around the world and buy up those patents, and move the offices to wherever, to the U.S., set up in Silicon Valley, move out of town. I want that to stay here in Ontario.”
The government says part of its plan going forward will be to invest in new technologies and industries, that advance its “long-term economic and strategic priorities.” It plans to do so by setting up a $4 billion “Protect Ontario Account Investment Fund.” The fund will invest up to $4 billion through a “best-in-class private investment manager,” a practice not normally used by the province, but which the government says will leverage “private sector expertise.”
The government will also be boosting a fund to support critical technologies like artificial intelligence (AI), life sciences, and advanced manufacturing by $107 million over three years, starting in 2027-27.