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The Ontario Food Cluster advantage for global trade and investment

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  1. The Ontario Food Cluster advantagefor global trade and investment March 2013

  2. Ontario Food Cluster The Ontario Food Cluster is among the three largest food and beverage processing jurisdictions in North America – and is the largest in Canada Ontario has a global reputation for food quality, processing methods, and safety standards The Ontario Food Cluster offers rapid access to trade and investment opportunities throughout the province’s agri-food and beverage sector We guide business to the Ontario regions that provide the best opportunities for agri-food success Our job is to make your job easier Welcome to the Ontario Food Cluster

  3. A two-hour flight from most major U.S. cities

  4. Zoom in on the Ontario Food Cluster Welcome to the Ontario Food Cluster

  5. The Ontario Food Cluster • Eleven regional, city and community members • Three provincial and federal government partners • Countless benefits to locating a business in Ontario • www.ontariofoodcluster.com Welcome to the Ontario Food Cluster

  6. A compelling opportunity for the global agri-food sector Canada is a thriving market for food products. Due to the North American Free Trade Agreement (NAFTA), Ontario enjoys access to over 460 million consumers and a combined GDP of $17 trillion across Canada, Mexico and the U.S. Ontario has more of Canada's grocery and specialty food store market than any other Canadian province. Ontario’s retail grocery sales total $29 billion Manufacturing revenues from the Ontario agri-food industry are expected to hit $40 billion in 2013 Welcome to the Ontario Food Cluster

  7. Our people story – Ontario’s #1 employer is the agriculture and agri-sector • 130,000 people in Ontario work directly in agri-food processing/manufacturing and wholesaling, and 483,000 more people work in related sectors such as food service, retail and specialty stores • This makes the agriculture and agri-food sector Ontario’s #1 employer • Ontario has the highest number of qualified engineers in the G7, report by Swiss-based Institute for Management Development (IMD) Welcome to the Ontario Food Cluster

  8. Ontario is the largest provincial economyin Canada – an aggressive trading nation • 3,200 agri-food companies in the Ontario Food Cluster • More than $1.5 billion worth of goods cross the Canada‑US border every day • Ontario has an export-oriented business culture: agri-food exports total $9.91 billion • Canada has the fastest employment growth in the G7 • KPMG ranks Canada as the most competitive country in the G7 Welcome to the Ontario Food Cluster

  9. Ontario’s top agri-food exports Top agri-food exports, Ontario 2011 ($ millions) Baked goods (bread, pastry etc.) 648.8 Soya beans 572.3 Other food preparations 349.5 Sweet biscuits 348.1 Sugar confectionary without cocoa 282.4 Pork cuts, fresh / chilled 277.4 Waffles and wafers 257.7 Coffee, roasted, not decaffeinated 256.3 Tomatoes, fresh / chilled 226.6 Welcome to the Ontario Food Cluster

  10. Ontario is Canada’s “business province” and has a strong entrepreneurial culture • It takes only one procedure and five days to register a company • Canada’s corporate taxes heading down across a broad range of categories, and employers in Canada enjoy the lowest payroll taxes among their counterparts in G7 countries • In 2013 Canada’s combined federal-provincial statutory general corporate income tax rate averages 26% – 13% less than the average U.S. rate. Welcome to the Ontario Food Cluster

  11. Canada has stellar economicfundamentals and is a G7 leader • World’s soundest banking system • Tax credits can save foreign investors, on average, up to 30 cents on each dollar invested in R&D in Canada • Among the lowest tax rate on new business investment in G7 • Highest proportion of college and university graduates in the OECD Soundness of banks world rank Welcome to the Ontario Food Cluster

  12. Zero-tariff approach to food processing and manufacturing inputs • Tariff-free-zone for all manufacturing inputs, machinery and equipment • 50% per year straight-line depreciation for food manufacturing and processing equipment • Adds up to rapid profitability on new Canadian operations Welcome to the Ontario Food Cluster

  13. Ontario’s agri-food sector strategic R&D and tax incentive programs Agriculture and Agri-Food Canada's Growing Forward 2 program enhances the competitiveness of agri-food sectors. A federal-provincial-territorial initiative, it is a $3 billion initiative provided between 2013 to 2018 Agricultural Adaptation Council’s Canadian Agriculture Adaptation Program (CAPP) is a five year, $163 million initiative to help the sector adapt and remain globally competitive See more government incentive programs at www.ontariofoodcluster.com/incentives Welcome to the Ontario Food Cluster

  14. Consider Ontario’s agri-food R&D advantages Commitment to labour force & research expertise 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 Welcome to the Ontario Food Cluster

  15. Dedicated agri-food research and labour development institutes and networks The Ontario Food Cluster fosters a collaborative, innovation approach throughout the agri-food sector • Food Institute • Centre for Food and Soft Materials Science • Ontario Agri-Food Technologies • Programs in Food Safety, Nutrition and Regulatory Affairs • NSF International-Guelph Food Technology Centre • Greenhouse and Processing Crops Research Centre (Essex County) • Many more University of Guelph University of Toronto McMaster University (Hamilton) Ryerson University University of Waterloo Conestoga College, Institute of Food Processing Technology Western University (London) Laurier University (Brantford) Soy 20/20 Welcome to the Ontario Food Cluster

  16. Ontario offers excellent location and attitude for doing global business • Ontario Food Cluster communities are within a two hour or less drive of the U.S. border • Recent multi-billion dollar investments in port, rail, road and air transport offer supply chain efficiencies • One in five Canadians has a mother tongue other than English or French • 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

  17. Ontario residents share in Canada’s excellent quality of life • Among highest number of entrepreneurs in working population • Clean air, water and land • Cultural diversity within a tolerant society • Many recreation options • Publicly-funded healthcare Source: Statistics Netherlands 2011 Welcome to the Ontario Food Cluster

  18. 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

  19. Are you hungry yet? The Ontario Food Cluster welcomes you! • General Mills Canada • H.J. Heinz Company of Canada Ltd. • Parrish & Heimbecker Limited • Dr. Oetker Canada • Kraft Canada Inc. • George Weston Ltd. • Maple Leaf Foods • Kellogg Canada • Cargill Canada • Purdy Fisheries • Saputo Inc. • Unilever • Dare Foods • McCain Foods • Parmalat Canada • Horizon Milling G.P. • Wing’s Food Products • Bonduelle • Ferrero Canada Ltd. / Ltée • ConAgra Foods Inc. • Vincor Canada • Solis Mexican Foods Inc. • Clovermead Bees and Honey Join 3,200 globally recognized agri-food companies including: Welcome to the Ontario Food Cluster

  20. Get to know us at: www.ontariofoodcluster.com • Southwestern Ontario Marketing Alliance (SOMA) • Windsor-Essex • Ontario Ministry of Agriculture and Food • Ministry of Rural Affairs • DFAIT • Agriculture and Agri-Food Canada Greater Toronto Area Guelph Waterloo Region Elgin County City of Brantford City of Hamilton City of London County of Middlesex Niagara Region Welcome to the Ontario Food Cluster

  21. The Ontario Food Cluster advantagefor global trade and investment March 2013