Ontario leads the way, creating a positive ecosystem for business that competes internationally
MISSISSAUGA, ON, Oct. 16, 2020 /CNW/ – Hoffmann-La Roche Limited (Roche Canada) is pleased to announce a major jobs investment into Ontario’s life sciences industry. At a time when Canada and the world are looking to the sector to lead in testing, treatment and post-pandemic economic recovery, this investment will bring up to 500 highly skilled and specialized full-time positions to the province of Ontario. This $500 million investment over five years will establish Roche’s Global Pharma Technical (PT) Operations site at its Canadian pharmaceutical headquarters in Mississauga. By the end of 2020, Roche will have hired 200 skilled jobs and up to 300 more by the end of 2023.
Ontario has been a leader when it comes to innovation and the hub of a growing life sciences sector that is recognized internationally. The current global health crisis has only reinforced the importance of strengthening life sciences, especially here in Canada. Life sciences and the bio economy drive the Canadian healthcare system, agriculture, food supply, environmental protection, and represent the greatest opportunity for economic growth in the province.
“Ontario was selected for this investment based on a strong competitive business environment, exceptional talent pool, and a government committed to fostering growth in the sector,” says Ronnie Miller, President & CEO of Roche Pharmaceuticals, Canada. “We applaud the hard work done by the Government of Ontario and the Premier’s Office to foster a business environment that can compete internationally to attract investment opportunities, and Roche’s commitment to add up to 500 specialized positions is a direct result of these positive changes.”
“Ontario is home to titans of research, development and innovation, who are leading the creation of life-saving medicines, treatment, and medical equipment,” says Premier Doug Ford. “Roche’s new operation hub in Mississauga will further anchor Ontario’s position as a global leader in life sciences, create good-paying jobs in the community, and ensure Ontario’s best and brightest minds advance the important work Roche does to transform health care here in our province and beyond.”
This opportunity places Ontario at the top of the list for potential future global investments across the life sciences sector. The investment will create new and exciting employment opportunities, including for recent graduates of Ontario’s strong academic ecosystem who will have the opportunity to impact the development of Roche’s medicines from early stages through to being supplied to patients around the world.
“As we move ahead in our post-pandemic recovery, today’s announcement is a positive signal that the life sciences sector is not only demonstrating our value in the fight against COVID-19 from a testing and treatment perspective, but also as an important economic driver for the province now, and as a growth opportunity for the future,” says Damian Siggins, Global Head, PT Transformation and Site Head, PT Operations. “Without the support of all three levels of government, the Mississauga Board of Trade, Life Sciences Ontario and Invest in Canada, who are all active advocates for a thriving sector, this investment would not have been possible.”
“Ontario is home to leading edge research institutions, we have a top tier STEM workforce and our life science and innovation sectors are amongst the best in the world,” says Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We are proud that Roche has expressed confidence in our province and selected Ontario as the home for their new site. This will mean 500 new well-paying jobs and will further bolster Ontario’s competitiveness in the life sciences sector.”
“I want to thank Roche for this significant investment in our city that will not only create hundreds of highly skilled jobs but position Mississauga on the road to recovery,” says Mississauga Mayor, Bonnie Crombie. “As home to Canada’s second-largest Life Sciences sector, I couldn’t be more proud that Roche has chosen to expand its operations in Mississauga. This investment will help bring new innovative products to patients in Canada and around the world and is yet another example of how innovation thrives in Mississauga.”
Roche is committed to continuing our investments in the Canadian healthcare ecosystem, but it is important to note that at a time when the world is looking to the life sciences sector for new therapeutics, vaccines, and diagnostics, the Federal government is implementing reforms that will limit our industry’s ability to deliver new innovations that Canadian patients need and are waiting for. Canada needs a regulatory environment that will help the sector and our citizens grow and thrive, while balancing system sustainability and equity.
About Roche Roche is a global pioneer in pharmaceuticals and diagnostics focused on advancing science to improve people’s lives. The combined strengths of pharmaceuticals and diagnostics under one roof have made Roche the leader in personalized healthcare – a strategy that aims to fit the right treatment to each patient in the best way possible.
Roche is the world’s largest biotech company, with truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and diseases of the central nervous system. Roche is also the world leader in in vitro diagnostics and tissue-based cancer diagnostics, and a frontrunner in diabetes management.
Founded in 1931, Roche Canada is committed to searching for better ways to prevent, diagnose and treat diseases while making a sustainable contribution to society. The company employs more than 1,800 people across the country through its Pharmaceuticals division in Mississauga, Ontario and Diagnostics, as well as Diabetes Care divisions in Laval, Quebec.
Roche aims to improve patient access to medical innovations by working with all relevant stakeholders. Roche Canada is actively involved in local communities through its charitable giving and partnerships with organizations and healthcare institutions that work together to improve the quality of life of Canadians. For more information, please visitwww.RocheCanada.com.
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BC Liberal candidate Jackie Tegart has announced that $2 million from the Liberals’ Rebuild B.C. plan has been earmarked for the development of the McAbee Fossil Beds as a tourist destination.
The McAbee Beds are located east of Cache Creek on the Trans-Canada Highway, and are internationally recognized as the most diverse site known in British Columbia for plants and insects of the Eocene Epoch from 50 million years ago.
In 2012 the beds were declared a heritage site by the provincial government and closed to the public. In 2017 a working group of volunteers secured funding to develop a business plan for the site, which set out a phased approach to develop a world-class interpretive and research centre at the globally significant site, which could attract up to 50,000 visitors each year.
The McAbee Beds were recognized with a “Stop of Interest” sign and reopened to the public in the summer of 2019. The COVID-19 pandemic halted plans to open the site again in 2020, but work on a trail system for visitors began in September, with the hope of welcoming visitors again in 2021.
The BC Liberals recently announced their $8 billion Rebuild B.C. plan, which includes increased funding to accelerate infrastructure projects to meet the needs of the province’s growing population, create jobs, and improve long-term productivity. The McAbee site has been recognized for the enormous potential it has as a centre for education, research, and tourism, and the Liberals say that investment in it would put people to work immediately as the site is developed, and for years to come as the centre becomes operational.
“This site is of interest to researchers, students, and visitors,” says Tegart. “Investing in developing McAbee as a tourist destination will create jobs and allow more British Columbians to safely visit and spend time in our community.”
Over the next year, 20 new schools will be built across Ontario and eight existing schools will see state-of-the-art permanent additions.
That’s according to the provincial government, who are investing $550-million in the project, which is expected to add nearly 16,000 new learning spaces and 870 new licensed child care spaces over the 2020-2021 school year.
“Our government is doing everything possible to ensure our students can achieve lifelong success,” said Premier Doug Ford. “That’s why we made a significant commitment to fix our schools and ensure students and staff have access to the best classrooms, with features like modern ventilation systems and high-speed Internet access. During construction, these projects will create hundreds of jobs and contribute significantly to our economic recovery.”
Some schools will also be getting upgrades to enhance their facilities and add more student spaces.
“This government firmly believes that all children deserve to learn in state-of-the-art, modern, technologically connected and accessible schools,” said Education Minister Stephen Lecce. “We will continue to take action to ensure students are safe today and well into the future by approving more new school buildings and permanent additions, and increasing access to child care for working parents.”
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Israel, the United Arab Emirates (UAE) and US announced on Tuesday the establishment of a development fund during the first-ever visit of an Emirati delegation to Tel Aviv.
The Abraham Fund, derived from the Abraham Accords, the official name of the normalization deal between Israel and the UAE, will be launched with an initial investment of $3 billion, said US International Development Finance Corporation CEO Adam Boehler.
He said the Jerusalem-based fund aims to promote economic cooperation and prosperity in the Middle East and North Africa.
In a statement, the US Embassy in Israel said the fund is “a manifestation of the new spirit of friendship and cooperation between the three countries, as well as their common will to advance the region”.
On Sept. 15, the UAE and Bahrain agreed to establish full diplomatic, cultural and commercial relations with Israel after signing controversial agreements at the White House.
The deals have drawn widespread condemnation from Palestinians, who say the accords ignore their rights and do not serve the Palestinian cause.
* Ahmed Asmar contributed to this report from Ankara
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