Speaker, we can all recall the days under the Liberals when Ontario’s entrepreneurs were closing up their shops, frustrated with a government that made businesses too risky and expensive. But our government changed all that. Lower taxes and less red tape brought a revival of Ontario’s entrepreneurial spirit. There were 85,000 new businesses opened in Ontario last year alone, Speaker. And with budget 2023, expect even more.
An additional $2 million is being invested into Futurpreneur Canada. They’ll help 18-year-old to 39-year-old young business people with mentorship and loans of up to $20,000. Speaker, entrepreneurs once again can take that next step and know that their government is here to support them all the way.
In addition to Futurpreneur, there’s a wide range of other supports. Small business enterprise centres offer all the tools they need to start and grow their businesses. In the member’s riding, he pushed very hard for $2 million in funding for Scarborough’s small business centre, with a further $620,000 for their Summer Company and Starter Company Plus that help their area’s students and young entrepreneurs start their business in his riding, and we’ve provided more than $77,000 in the Digital Transformation Grant to over 30 businesses in Scarborough. Speaker, that is what this member is doing to help his entrepreneurs.