The Ontario investment advantage

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1 The Ontario investment advantage 2015

2 North America s number one location Ontario is North America s number one location for producing vehicles and parts Ontario is the only subnational jurisdiction in the world with 5 major auto assemblers, 700 suppliers and 500+ tool, die and mould makers Ontario produced 16% of all of North America s light vehicle production over the past five years Manufacturing costs in Ontario are lower than in the U.S., UK, France, Italy, Germany, Netherlands and Japan Fast and easy access to the United States auto market through NAFTA 2

3 Canadian Auto Stats OVERALL ECONOMIC IMPACT Overall (Including Parts & Assembly) $119 Billion Canadian Employment 100,000 (Direct) 300,000 (Indirect) Annual Canadian R&D Investment (Approx.) $500M - $1Billion CONSIDERATIONS Light Vehicle Assembly Plants 12 Heavy Vehicle (incl. cars, trucks, buses) >10 OEMS Vehicles Per Year Output (Approx.) 1.5 to 2.8 Million 3

4 Two hours flying time to major U.S. cities The Ontario Automotive Communities Alliance Cities

5 The Ontario Automotive Communities Alliance cities Our Alliance includes some of the largest automotive manufacturing locations in North America 5

6 Great Lakes Production Cluster The most important region in North America. Over 8.1M vehicles produced annually and the hub of R&D, design and mission critical suppliers 6

7 Made in OACA OEM assembly plants General Motors Toyota Chrysler Products manufactured in OACA region Chevrolet Camaro & Equinox, Buick Regal, Cadillac XTS, GMC Terrain Corolla, Matrix, Rav4 (including some fully electric models) Dodge Grand Caravan, Chrysler Town & Country, Volkswagen Routan, Lancia Voyager Lexus RX 350 Ford General Dynamics Land Systems Engine assembly plants Light armoured vehicles for military use Oshkosh Trucks Specialty construction trucks 7 Hino Trucks Light commercial trucks

8 Solid Infrastructure for auto industry OEMs and parts companies Infrastructure support for business Superior road, rail, air services Top telecomm links Reliable hydro supply Source: Statistics Canada 8

9 Ontario is Canada s largest provincial economy Canada s exports and imports of merchandise total 58.9% of GDP making it one of the world s most open economies Canada has higher accumulated Foreign Direct Investment (FDI) than Brazil, Mexico, and Russia 9

10 Canada s stellar economic base makes it a G7 leader Soundness of banks world rank World s soundest banking system Ranked best place in the world to create a new business Lowest payroll taxes in G7 Lowest taxes on new business investment in G7 *Standing among 139 countries. Ranking based on the degree of soundness of financial institutions. Source: Global Competitiveness Report, ** Standing among 500 world banks based on total assets and long-term credit ratings. Source: Global Finance Magazine, September

11 Green and intelligent auto research for Ontario s auto corridor R&D support for auto industry shift to greener cars New battery technologies Next generation of bio-fuels Renewable and recyclable plastic parts On-board computer systems Electrochemistry and nano-materials Voice recognition and location-based services Improved energy efficiencies with light-weight materials

12 Consider Ontario s R&D advantages Lowest R&D costs in the G7, 12.9% lower than the U.S. 150 schools and labs working on auto research with 127,000 directly employed by the Ontario auto industry Centre for Engineering Innovation University of Windsor Auto Centre of Excellence Oshawa Institute of Technology International Composites Research Center Western University in partnership with Fraunhofer Institute McMaster University Automotive Research Center (MARC) - new $26 million facility to develop hybrid technologies 12

13 Education in OACA Universities, Colleges and Research Institutes University of Ontario Institute of Technology Durham College University of Waterloo (WatCAR) Laurier University Conestoga College Western University (Fraunhofer Project Center for Composites Research) Fanshawe College McMaster University (McMaster Automotive Research Center) University of Windsor (Centre for Engineering Innovation) St. Clair College 13 National Research Council of Canada

14 Ontario s Non-Union Environment and Worker Average Tenure Rates Ontario Auto Parts Sector 77% non-unionized Ontario Auto Assembly 58% non-unionized Canada (all manufacturing) United States (all manufacturing) Mexico (auto exporters) years 10.2 years 10.2 years 5.9 years 6.1 years 6 years 2 years n/a n/a The Canadian manufacturing workforce has an impressive average tenure, significantly longer than its NAFTA counterparts. 14

15 Measures to help manufacturers Canadian tariffs on all manufacturing inputs and machines will be zero by 2015 Workforce training programs Competitive business costs Federal and Provincial incentive programs for auto manufacturing R&D tax incentives generate 40-60% savings 15

16 Ontario is Canada s business province with a strong entrepreneurial culture Number of entrepreneurs as a percentage of the working population It takes only one procedure and five days to register a company In 2012, the federal corporate income tax was 15% half the U.S. tax rate. Source: Statistics Netherlands 2008 For a company earning $100 million in profit, total taxes in Canada will be over 30% less than the U.S. 16

17 Ontario offers excellent location and attitude for doing global business Ontario Automotive Communities Alliance members are two hours or less by road from the U.S. border Recent multi-billion dollar investments in port, rail, road and air transportation One in five Canadians has a mother tongue other than English or French Asian and European languages spoken extensively Canadians have a global mind-set 17

18 Ontario residents share in Canada s excellent quality of life Quality of life index Source: IMD, * Rank among 58 economies considered in the World Competitiveness Yearbook Highest quality of life among G7 countries Clean air, water and land Cultural diversity within a tolerant society Many recreation options Publicly-funded healthcare Commitment to rule of law and a strong justice system 18

19 Ontario s auto industry attracts many of the world s best companies Detroit 3 GM, Ford, Chrysler assembly plants Honda, Toyota, Hino Truck Assembly operations International suppliers from Germany, Japan, Korea etc. Successful Canadian suppliers like Magna International, Linamar, Woodbridge Group More than 700 parts companies 19

20 Recent Investments Jobs and Prosperity Fund: $2.7B over 10 years Automotive Innovation Fund: $1B Recent Commitments include: Toyota July 2015 Next Gen Lexus $412 M GM February 2015 Equinox $560 M FCA January 2015 Minivan $2 B 20

21 Opportunity Next Exit: The Ontario Advantage 21

22 Ready to join Ontario s auto industry? We re North America s largest automotive jurisdiction for many good reasons Learn more at Our job is to make your job easier! Site selection information and assistance Assistance with business start up in Ontario, Canada Applications for government incentive programs 22

23 The Ontario investment advantage 2015

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