Business Community Welcomes Pandemic Supports; Incentives for Growth and Competitiveness in Ontario’s Budget 2020

November 6, 2020 - Press Releases

Ontario Chamber Network & The Brampton Board of Trade – When business prospers, communities prosper  
November 6, 2020– Today, The Brampton Board of Trade released the following response to the Government of Ontario’s 2020 Budget “Ontario’s Action Plan: Protect, Support, Recover”.  
The Ontario Chamber Network, along with the Brampton Board of Trade and Ontario’s business community welcome today’s Budget.   The Brampton Board of Trade agrees that it is an impactful and thoughtful response to the COVID-19 pandemic and demonstrates the beginning of a long-term plan for economic growth.  They believe that when business prospers, communities prosper across the province. 
The Ontario Chamber of Commerce and The Brampton Board of Trade have long advocated for greater investment in broadband and cellular infrastructure, reforming taxes to enhance business competitiveness, developing new skills training opportunities, and lowering the cost of electricity for industry, all of which are priorities in Budget 2020. 
“This Budget addresses many of the actions we, on behalf of Ontario’s business community, have been asking for. We are particularly pleased to hear the government talk about addressing ‘profit insensitive’ costs to business; those expenses that remain the same regardless of if a company is bringing in revenue,” added Rocco Rossi, President and CEO of the Ontario Chamber of Commerce. “Outlays such as property taxes and electricity rates have imposed considerable stress on business, especially small business, throughout the pandemic.” 

Some key measures in Budget 2020 supported by the Ontario business community include: 

The Ontario Chamber of Commerce and The Brampton Board of Trade’s pre-budget submission focused on four areas: fiscal policy; regulation; the future of employment; and innovation and entrepreneurship. The recommendations were developed together with businesses, chambers of commerce, and boards of trade across the province, with the shared interest of making Ontario a more attractive place to live, work and invest. Read the full pre-budget submission here. 
For media inquiries please contact:  
Todd Letts, CEO

About The Brampton Board of Trade
Serving the community for over 130 years, Brampton Board of Trade is the go-to organization where businesses of all sectors, convene, collaborate and create solutions to boost regional economic prosperity. We provide solutions to the toughest problems that businesses face every day including overcoming barriers to growth, attracting and retaining talent and making the right connections. Board of Trade members advocate for business success and community prosperity, employing more than 45,000 in Brampton.
About the Ontario Chamber of Commerce 
For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members. 

Originally Published by Brampton Board of Trade