May 29, 2009
London, Ontario — Deb Matthews MPP for London North Centre and Joe Preston MP for Elgin-Middlesex-London, along with their colleagues, Ed Holder MP for London West, Chris Bentley MPP for London West and Khalil Ramal MPP for London-Fanshawe, announced today a jointly funded Knowledge Infrastructure Program investment of $50 million for the University of Western Ontario to construct a new building for the Richard Ivey School of Business.
The new building will house research centres for sustainability, innovation and entrepreneurship, and emerging markets, as well as expand undergraduate and graduate programs. The construction of the new building is expected to create more than 500 jobs.
This investment is part of the federal government’s two-year, $2-billion plan to repair and expand research and educational facilities at colleges and universities across Canada and Ontario’s commitment to invest $780 million in its colleges and universities to modernize facilities and boost the province’s long-term research and skills training capacity over the next two years.
“Investing in the skills and knowledge of Ontarians is a cornerstone of our government’s plan to strengthen the economy,” said Matthews. “By investing at Western today, the Ontario government is supporting new construction and renovation projects that will create construction jobs in the short-term and provide more opportunities for our students to develop the skills they need for the jobs of the future.”
“This Government of Canada investment in UWO will provide a significant short-term economic stimulus to London and will create jobs in this region,” said Preston. “Our government is investing in innovation to create jobs, to help our economy recover quickly and to improve the quality of life for Canadians.”
These joint investments will help provide economic stimulus and promote employment by creating construction jobs, as well as, employment for engineers, architects, other tradespeople and technicians. They are also helping to improve teaching facilities and generate the advanced technological infrastructure needed to keep Ontario’s colleges and universities at the forefront of scientific advancement.
"This generous infrastructure funding has allowed Western to move ahead with an important project that will position both Ivey and Western well for the future," said Western President Paul Davenport. "Ivey is identified in our strategic plan as a signature area, and this is an incredible opportunity to take advantage of government investment that helps us build a strong university for the future. Ivey's impact is felt throughout the university, through its interdisciplinary programs and work across campus, and that means this project is important to all of us."
"Ivey has grown tremendously in recent years, and more growth is predicted in the coming years," said Ivey Dean Carol Stephenson. "This building will allow us to consolidate space now spread over five buildings, and prepare for the growth that will support not only Ontario businesses, but also support Ontario's and Canada's economic growth."
Demonstrating their commitment to stimulating the economy and creating jobs, both the Governments of Canada and Ontario are moving forward with a number of large-scale infrastructure programs to assist Ontarians when they need it most.
Canada’s Economic Action Plan sets out to stimulate the Canadian economy over the next two years and to improve our long-term competitiveness through $12 billion in new infrastructure investment, across Canada which includes the $2-billion Knowledge Infrastructure Program. This new support is the next substantive investment in the Government of Canada’s multi-year Science and Technology Strategy, Mobilizing Science and Technology to Canada’s Advantage.
Through the 2009 Ontario Provincial Budget – Confronting the Challenge: Building Our Economic Future – the province is investing $32.5 billion in infrastructure for Ontario over the next two years, including a $5 billion contribution from the federal government that will support more than 300,000 jobs and strengthen Ontario’s economy. These investments build on the Ontario government’s five-year, $30 billion ReNew Ontario infrastructure investment plan, which was completed in 2008-09, one year ahead of schedule.
Learn how the Government of Canada is investing in Ontario infrastructure.
Learn how the Government of Ontario is helping to build and revitalize infrastructure across the province.
To learn more about Canada’s Economic Action Plan, visit www.actionplan.gc.ca.
Learn more about provincial solutions for Ontario.
Lissa Regan, Deb Matthews MPP Office, (519) 432-7339
Karen Vecchio, Joe Preston MP Office, (519) 637-2255
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