The Cultivated B’s expansion into Ontario is game-changing for the people of Burlington and their entire region. Their $50-million investment will create 200 well-paying jobs and boost the local economy, and it will secure Ontario’s position as a global leader in biotechnology.
When companies look for investment opportunities, they look for a place that has a skilled workforce, supports growth and investment, and is open for business. That’s the message we heard from Cultivated B and other German companies when we were on our recent mission to Germany and Austria. They want certainty. They want a reliable, stable business environment, and they want safe communities for their employees. This exciting investment by the Cultivated B sends a really strong message that Ontario is the perfect place to invest and grow.
We also invested $415,000 in Burlington’s small business enterprise centre to offer entrepreneurs everything they need to turn their ideas into a business and another $106,000 for their Summer Company to help students and young entrepreneurs start their business. This is how our government is helping entrepreneurs.