Posts Tagged ‘Economic’
2023 Business Excellence Awards Winners Announced
The Windsor-Essex Regional Chamber of Commerce honoured the area’s top local companies, individuals, and organizations on Wednesday May 17th at the Sold Out 2023 Business Excellence Awards, presented by Windsor Star.
Read MoreWindsor-Essex Regional Chamber of Commerce Successfully Advocates for Local Sectors at Ontario Chamber AGM
The Windsor-Essex Regional Chamber of Commerce is delighted to have the support of our Chamber network partners for our policy resolutions submitted for the Ontario Chamber of Commerce’s (OCC) Policy Compendium, 2023-2026. These resolutions covered our burgeoning wine sector, the evolving auto industry, and growing international student population.
Read MoreCanada’s 2023 Budget Must Address Declining Productivity
With the economy facing global headwinds, Canada needs competitive investments in innovation, productivity, and sustainable economic growth. However, growth cannot occur without significant and sustained investments from the private sector – and those dollars will flow where productivity is highest. Today, the Windsor-Essex Regional Chamber of Commerce and the Ontario Chamber of Commerce (OCC) released the 2023 Federal Budget Submission to lay the path for business predictability and competitiveness.
Read MoreChamber: Ontario’s 2023 Budget Must Focus on Growth Enabling Investments
According to the Ontario Chamber of Commerce’s (OCC) Ontario Economic Report (OER), Ontario business confidence has dropped to a record low in 2023. Labour shortages, inflation, health care system vulnerabilities, and fears of a potential economic contraction are dampening confidence in the province’s economic outlook.
Read MoreBusiness Confidence Hits Record Low, Chamber Report
“Ontario business confidence has dropped to a record low in 2023. Labour shortages, inflation, health care system vulnerabilities, and forecasts of an economic contraction are dampening confidence in the province’s economic outlook,” said Rocco Rossi, President and CEO, OCC. “Only 16 percent of organizations surveyed have confidence in the economy. This is down 29 percent from last year. Promisingly, most businesses feel confident they can withstand these headwinds and continue to grow in the year ahead.”
Read MoreEconomic Growth Strategy Critical as Ontario Faces Uncertain Times
Against the backdrop of rising interest rates, inflation, constrained supply chains, labour shortages and fears of a recession, it is critical for governments to focus on creating the right conditions to support competitiveness, productivity, and long-term economic growth. The Ontario Chamber of Commerce (OCC) has identified critical areas that must inform Ontario’s growth strategy outlined in today’s release: Supporting Economic Growth in Uncertain Times.
Read MoreOntario’s Tourism Industry Needs Comprehensive Growth Strategy
While domestic and inbound tourism improved in the latter half of 2022, the industry is not expected to fully recover from the pandemic until 2025 – a situation that looks grimmer as a recession approaches, cost of living goes up, and consumer spending behaviour shifts. Ontario’s tourism sector is calling for a comprehensive strategy to address ongoing impacts of COVID-19 border closures, capacity restrictions, and structural issues.
Read MoreWindsor-Essex Regional Chamber of Commerce Partners with Downtown Windsor Business Improvement Association
The Windsor-Essex Regional Chamber of Commerce is thrilled to announce a new partnership with the Downtown Windsor Business Improvement Association (DWBIA). These two organizations represent thousands of local businesses and are working together with the goal of providing even more savings and benefits to their respective members.
Read MoreUpcoming Budget Should Support Hardest Hit
The Windsor-Essex Regional Chamber of Commerce and OCC urge government to address pain points and lay the groundwork for a strong rebound as province grapples with economic fallout of the crisis.
Read MoreBusiness Community Welcomes Pandemic Supports; Incentives for Growth and Competitiveness in Ontario’s Budget 2020
Business Community Welcomes Pandemic Supports; Incentives for Growth and Competitiveness in Ontario’s Budget 2020 06 November 2020 Caitlin Hildenbrand Ontario Chamber Network & Windsor-Essex Regional Chamber of Commerce – When business prospers, communities prosper Yesterday, the Windsor-Essex Regional Chamber of Commerce President & CEO, Rakesh Naidu, released the following response to the Government of Ontario’s…
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