Ontario wishes to recruit 100 immigrant entrepreneurs – Aptech Visa
by aman sharma Canada Immigration,Canada PR VisaThe province expects to inject
$20 million into the Ontario economy through its entrepreneurship project.
The province is seeking to hire
100 new immigrants over the next two years to launch or expand businesses
outside of the Greater Toronto Area.
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Interested business owners and
developers can apply under the Ontario Immigrant Nominee
Program's existing Entrepreneur Stream (OINP). Each selected
entrepreneur will be expected to invest a minimum of $200,000 in their company.
Once an applicant's business has
been operating in Ontario for 18 to 20 months, they may be eligible for a
provincial nomination. They can utilize the nomination to apply for
Canadian immigration through the federal government.
According to a government press
release, the recruitment endeavour aims to create more local jobs and assist
regions that have been heavily hit by pandemic job losses. It would cost the
provincial government an estimated $6 million, which will be returned by immigrants
who come to Ontario to create or acquire a business, according to Ontario's
labour minister, Monte McNaughton. These newcomer entrepreneurs are expected to
bring in $20 million in company investment and create jobs in the province.
"We want individuals across
Ontario—no matter where they live—to find rewarding, well-paying professions in
their communities as we continue to rebuild," McNaughton said in the
announcement. Premier Jim Prentice said: "Our government is working for
workers and expanding the opportunities, entrepreneurs create for every part of
our province, not just the major cities."
Since its inception in 2015, the
province has only issued two nominations through the Entrepreneur Stream. To
remedy this, the province claims that this new project will assist
entrepreneurs in finding the greatest business prospects for them.
Through this program, the Ontario
government is attempting to attract more immigrants to the province. So far
this year, the province has taken steps such as streamlining the provincial
nomination application process and making it easier for globally trained
individuals to work in regulated professions.
More immigration has been pushed
by the Ontario government. Minister McNaughton has asked the federal government
to increase Ontario's allocation in 2022 from the 8,600 immigrants the province
was allowed to nominate in 2021 to 20,000 in 2022.
According to the most recent
available data, Canada accepted 313,838 immigrants between January and October
2021.
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Created on Dec 23rd 2021 04:47. Viewed 198 times.