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The Ontario investment advantage 2015
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North America’s number one location Ontario is North America’s number one location for producing vehicles and parts Ontario is the only subnational jurisdiction in the world with 5 major auto assemblers, 700 suppliers and 500+ tool, die and mould makers Ontario produced 16% of all of North America’s light vehicle production over the past five years Manufacturing costs in Ontario are lower than in the U.S., UK, France, Italy, Germany, Netherlands and Japan Fast and easy access to the United States auto market through NAFTA 2 www.ontarioautoalliance.com
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Canadian Auto Stats 3 Welcome to the Ontario Automotive Communities Alliance OVERALL ECONOMIC IMPACT Overall (Including Parts & Assembly) $119 Billion Canadian Employment 100,000 (Direct) | 300,000 (Indirect) Annual Canadian R&D Investment (Approx.) $500M - $1Billion CONSIDERATIONS Light Vehicle Assembly Plants 12 Heavy Vehicle (incl. cars, trucks, buses) >10 OEMS Vehicles Per Year Output (Approx.) 1.5 to 2.8 Million
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Two hours flying time to major U.S. cities The Ontario Automotive Communities Alliance Cities
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The Ontario Automotive Communities Alliance cities Our Alliance includes some of the largest automotive manufacturing locations in North America 5 Welcome to the Ontario Automotive Communities Alliance
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Great Lakes Production Cluster 6 Welcome to the Ontario Automotive Communities Alliance The most important region in North America. Over 8.1M vehicles produced annually and the hub of R&D, design and mission critical suppliers
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Made in OACA 7 Welcome to the Ontario Automotive Communities Alliance OEM assembly plantsProducts manufactured in OACA region General Motors Chevrolet Camaro & Equinox, Buick Regal, Cadillac XTS, GMC Terrain Toyota Corolla, Matrix, Rav4 (including some fully electric models) Chrysler Dodge Grand Caravan, Chrysler Town & Country, Volkswagen Routan, Lancia Voyager LexusRX 350 FordEngine assembly plants General Dynamics Land SystemsLight armoured vehicles for military use Oshkosh TrucksSpecialty construction trucks Hino TrucksLight commercial trucks
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Solid Infrastructure for auto industry OEMs and parts companies Superior road, rail, air services Top telecomm links Reliable hydro supply Source: Statistics Canada 8 Welcome to the Ontario Automotive Communities Alliance Infrastructure support for business
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Ontario is Canada’s largest provincial economy Canada’s exports and imports of merchandise total 58.9% of GDP – making it one of the world’s most open economies Canada has higher accumulated Foreign Direct Investment (FDI) than Brazil, Mexico, and Russia 9 Welcome to the Ontario Automotive Communities Alliance
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Canada’s stellar economic base makes it a G7 leader World’s soundest banking system Ranked best place in the world to create a new business Lowest payroll taxes in G7 Lowest taxes on new business investment in G7 Soundness of banks world rank *Standing among 139 countries. Ranking based on the degree of soundness of financial institutions. Source: Global Competitiveness Report, 2010-11 ** Standing among 500 world banks based on total assets and long-term credit ratings. Source: Global Finance Magazine, September 2010 10 Welcome to the Ontario Automotive Communities Alliance
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Green and intelligent auto research for Ontario’s auto corridor R&D support for auto industry shift to “greener” cars New battery technologies Next generation of bio-fuels Renewable and recyclable plastic parts On-board computer systems Electrochemistry and nano-materials Voice recognition and location-based services Improved energy efficiencies with light-weight materials Welcome to the Ontario Automotive Communities Alliance
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Consider Ontario’s R&D advantages Lowest R&D costs in the G7, 12.9% lower than the U.S. 150 schools and labs working on auto research with 127,000 directly employed by the Ontario auto industry Centre for Engineering Innovation – University of Windsor Auto Centre of Excellence – Oshawa Institute of Technology International Composites Research Center – Western University in partnership with Fraunhofer Institute McMaster University Automotive Research Center (MARC) - new $26 million facility to develop hybrid technologies 12 Welcome to the Ontario Automotive Communities Alliance
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Education in OACA 13 Welcome to the Ontario Automotive Communities Alliance Universities, Colleges and Research Institutes University of Ontario Institute of Technology Durham College University of Waterloo (WatCAR) Laurier University Conestoga College Western University (Fraunhofer Project Center for Composites Research) Fanshawe College McMaster University (McMaster Automotive Research Center) University of Windsor (Centre for Engineering Innovation) St. Clair College National Research Council of Canada
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Ontario’s Non-Union Environment and Worker Average Tenure Rates 14 Welcome to the Ontario Automotive Communities Alliance Ontario Auto Parts Sector 77% non-unionized Ontario Auto Assembly 58% non-unionized 200920112013 Canada (all manufacturing) 9.9 years10.2 years United States (all manufacturing) 5.9 years6.1 years6 years Mexico (auto exporters) 2 yearsn/a The Canadian manufacturing workforce has an impressive average tenure, significantly longer than its NAFTA counterparts.
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Measures to help manufacturers Canadian tariffs on all manufacturing inputs and machines will be zero by 2015 Workforce training programs Competitive business costs Federal and Provincial incentive programs for auto manufacturing R&D tax incentives generate 40-60% savings 15 Welcome to the Ontario Automotive Communities Alliance
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Ontario is Canada’s “business province” with a strong entrepreneurial culture It takes only one procedure and five days to register a company In 2012, the federal corporate income tax was 15% – half the U.S. tax rate. For a company earning $100 million in profit, total taxes in Canada will be over 30% less than the U.S. Number of entrepreneurs as a percentage of the working population Source: Statistics Netherlands 2008 16 Welcome to the Ontario Automotive Communities Alliance
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Ontario offers excellent location and attitude for doing global business Ontario Automotive Communities Alliance members are two hours or less by road from the U.S. border Recent multi-billion dollar investments in port, rail, road and air transportation One in five Canadians has a mother tongue other than English or French Asian and European languages spoken extensively Canadians have a global mind-set 17 Welcome to the Ontario Automotive Communities Alliance
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Ontario residents share in Canada’s excellent quality of life Highest quality of life among G7 countries Clean air, water and land Cultural diversity within a tolerant society Many recreation options Publicly-funded healthcare Commitment to rule of law and a strong justice system Quality of life index Source: IMD, * Rank among 58 economies considered in the World Competitiveness Yearbook 2010. 18 Welcome to the Ontario Automotive Communities Alliance
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Ontario’s auto industry attracts many of the world’s best companies Detroit 3 – GM, Ford, Chrysler assembly plants Honda, Toyota, Hino Truck Assembly operations International suppliers from Germany, Japan, Korea etc. Successful Canadian suppliers like Magna International, Linamar, Woodbridge Group More than 700 parts companies 19 Welcome to the Ontario Automotive Communities Alliance
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Recent Investments 20 Welcome to the Ontario Automotive Communities Alliance Jobs and Prosperity Fund: $2.7B over 10 years Automotive Innovation Fund: $1B Recent Commitments include: ToyotaJuly 2015Next Gen Lexus$412 M GMFebruary 2015Equinox$560 M FCAJanuary 2015Minivan$2 B
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Opportunity Next Exit: The Ontario Advantage 21 Welcome to the Ontario Automotive Communities Alliance
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Ready to join Ontario’s auto industry? We’re North America’s largest automotive jurisdiction for many good reasons Learn more at www.ontarioautoalliance.comwww.ontarioautoalliance.com Our job is to make your job easier! –Site selection information and assistance –Assistance with business start up in Ontario, Canada –Applications for government incentive programs 22 Welcome to the Ontario Automotive Communities Alliance
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2015 The Ontario investment advantage
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