http://www.renewableaccess.com/rea/news/story?id=49105A new fund aimed at promoting and securing high-paying renewable energy jobs for residents in the Canadian province of Ontario was announced last week. Premier Dalton McGuinty unveiled the Next Generation Jobs Fund, which will make $650 million available to companies looking to invest in the development of clean cars, clean fuels, and renewable technologies and products during a visit to a General Motors manufacturing plant in Oshawa.
"There's a huge opportunity out there and Ontario is determined to seize it for our people and our economy," McGuinty said. "With the world looking for innovative ways to conserve energy and fight global warming, some place is going to secure thousands of jobs by researching and developing new solutions, and we want that place to be Ontario."
The Next Generation Jobs Fund will support environmental advances in all areas of the economy, including advanced manufacturing, energy production, forestry and agriculture. The fund will be modeled after the successful $500 million Ontario Automotive Strategy which has helped to leverage over $7 billion in total new auto investments in the province over the past four years.
"The approach is tried and true: we know we can attract investment and create and keep good full-time jobs by working with companies that are looking for the most aggressive and innovative places in North America," McGuinty said. "What's new is designing a fund specifically to develop and manufacture green technologies and products across all sectors. There are people out there who claim you have to choose between a strong economy and a clean environment. We understand that, in today's world, to grow your economy you must green your economy."
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