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The Ontario Food Cluster advantage for global trade and investment

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1 The Ontario Food Cluster advantage for global trade and investment
July 2017 The Ontario Food Cluster advantage for global trade and investment Place Title Here

2 Ontario Food Cluster The Ontario Food Cluster is among 3 largest food and beverage processing jurisdiction in North America – and is the largest in Canada Ontario has a global reputation for food quality, safety standards and processing methods The Ontario Food Cluster offers rapid access to trade and investment opportunities throughout the province’s agri-food and beverage sector We promote businesses by directing them to the Ontario region that provides the best opportunities for agri-food success Our job is to make your job easier Welcome to the Ontario Food Cluster

3 Centrally located in North America

4 Ontario Food Cluster at a glance
15 regional, city and community members 3 provincial and federal government partners Welcome to the Ontario Food Cluster

5 Opportunity for the global agri-food sector
Ontario enjoys access to over 460 million consumers and a combined GDP of $20 trillion across Canada, Mexico and the U.S. due to the North American Free Trade Agreement (NAFTA) The Comprehensive Economic and Trade Agreement (CETA) which is expected to take effect in September 2017, will make almost 94% of EU agricultural tariff lines duty-free Manufacturing revenues from the Ontario agri-food industry currently total more than $36.9 billion from 3,000 companies Welcome to the Ontario Food Cluster

6 Ontario’s #1 employer – agri-food sector
94,500 people in Ontario work directly in agri-food processing sector Agri-food and beverage sector is one of Ontario’s top employers with 750,000 jobs Researchers and innovators work in over 55 university and college programs from an estimated 25 institutions concentrating on agriculture, food science, nutritional science and culinary arts Canada’s R&D tax incentive program is one of the most generous in the world Welcome to the Ontario Food Cluster

7 Ontario is a great place to do business
More than $1.9 billion worth of goods cross the Canada‑U.S. border every day Ontario has an export-oriented business culture: agri-food exports total $14.8 billion Canada’s business operating costs are amongst the lowest in the G-7 and 5% lower than those in the U.S. Welcome to the Ontario Food Cluster

8 Ontario’s food & beverage processing industry
Ontario generates about $34 billion in revenue from goods manufactured, accounting for about 40% of Canada’s total About $7 billion generated from export sales Food Processing Value of Shipments, Ontario, 2015 Welcome to the Ontario Food Cluster

9 Sectors with potential for global competitiveness
Ontario’s most competitive food industries are: Meat products Bakery Sugar & confectionery Grain & oilseed processing Beverage Dairy These account for more than 60% of Ontario’s food exports Welcome to the Ontario Food Cluster

10 Exports Welcome to the Ontario Food Cluster

11 Ontario is Canada’s “business province”
It takes only one procedure and 2 business days to register a company in Ontario The combined federal-provincial statutory general corporate income tax rate is an average of 28%, well below comparable rates in most other G-7 countries and more than 13% below the United States A 2016 KPMG study indicates that Canada’s corporate income-tax rate has decreased more rapidly than that of any other country Welcome to the Ontario Food Cluster

12 Canada is a G7 leader World’s soundest banking system 9 years in a row
One of a few nations with Triple-A credit rating Tax credits can reduce after tax costs of R &D spending by more than 50% Among the lowest tax rates on new business investment in G7 Ranking by World Economic Forum Welcome to the Ontario Food Cluster

13 Zero-tariff approach to food processing
Tariff-free zone for all manufacturing inputs, machinery and equipment 50% per year straight-line depreciation for food processing equipment Inward FDI into Canadian food processing industry by Statistics Canada Welcome to the Ontario Food Cluster

14 Ontario’s tax incentive programs
Investing in Business Innovation - Boosts private sector investment in start-up businesses to accelerate the development of new products, processes, and practices and brings them to market See the OMAFRA web page for more information: Welcome to the Ontario Food Cluster

15 Ontario’s agri-food R&D advantages
Lowest costs in G7 for R&D intensive sectors, with up to a 10.7% advantage over the U.S. 55 agri-food-specific university and college programs Commitment to labour force & research expertise by Common University Data Ontario Welcome to the Ontario Food Cluster

16 OFC fosters a collaborative innovative agri-food sector
Dedicated agri-food research and labour development institutes and networks University of Guelph Food Institute Centre for Nutritional Modeling Canadian Research Institute for Food Safety Programs in Food Safety, Nutrition and Regulatory Affairs University of Toronto McMaster University Ryerson University University of Waterloo Conestoga College Institute of Food Processing Technology Western University NSF-Guelph Food Technology Centre Wilfrid Laurier University (Brantford) Welcome to the Ontario Food Cluster

17 Ontario - excellent location for global businesses
Ontario Food Cluster communities are within 2 hours of the U.S. border Recent multi-billion dollar investments in port, rail, road and air transport offer supply chain efficiencies 1 in 5 Canadians are multilingual Asian and European languages spoken extensively Canada leads the G7 for the administration of justice and for offering equal opportunities to individuals Welcome to the Ontario Food Cluster

18 Ontario’s excellent quality of life
Clean air, water and land Cultural diversity within a tolerant society Publicly-funded healthcare Comprehensive business support networks Affordable housing Number of entrepreneurs as percentage of working population by Organisation for Economic Co-operation and Development (OECD) Welcome to the Ontario Food Cluster

19 Fast-track immigration process
Responsive to agri-food business expansion Uncapped number of work permits available to foreign workers Fast, straightforward process for intra-company transfers Special programs to help recruit R&D talent Welcome to the Ontario Food Cluster

20 The Ontario Food Cluster welcomes you
Join 3,000 globally recognized agri-food companies including: General Mills Canada Kraft Heinz Royal Canin Canada Dr. Oetker Canada George Weston Ltd. Maple Leaf Foods Kellogg Canada Cargill Canada Purdy Fisheries Saputo Inc. Unilever Dare Foods McCain Foods Parmalat Canada Ardent Mills Ventura Foods Grissin Bon Ferrero Canada Ltd. / Ltée ConAgra Foods Inc. Vincor Canada Sleeman Breweries Ltd. Welcome to the Ontario Food Cluster

21 Contact us: Ontariofoodcluster.com
Southern Ontario Marketing Alliance (SOMA) Grow Guelph - City of Guelph and University of Guelph Elgin County Middlesex County Windsor Essex City of London City of Hamilton Ontario East Economic Development OMAFRA Agriculture and Agri-Food Canada Sarnia-Lambton Economic Partnership Wellington County Waterloo Region Economic Development Corporation Simcoe County Norfolk County Niagara Region Durham Region Welcome to the Ontario Food Cluster

22 The Ontario Food Cluster advantage for global trade and investment
The Ontario Food Cluster advantage for global trade and investment Place Title Here


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