I want to recognize James Scongack. James is the chair of the Canadian Nuclear Isotope Council.

It wasn’t that long ago that companies were fleeing Ontario. Speaker, 300,000 manufacturing jobs were lost, and our economic future was teetering.

Thankfully, the government of Premier Ford was elected and declared Ontario open for business. Taxes were lowered, energy rates were lowered, and the burden of red tape was reduced. This brought companies pouring back to Ontario.

Now, with budget 2023, there is even more great news for Ontario manufacturers: the Ontario Made Manufacturing Investment Tax Credit. If passed, it will provide companies with a 10% tax credit, up to $2 million a year, on investments in buildings, equipment and machinery.

Those companies will innovate, become competitive, and create even more great jobs for our families.