Transformation AGO: Economic Benefits
Major economic benefits:
- Increased tourism in Ontario
- Job creation throughout hospitality and consumer sectors
- Heightened appeal of region as a location for new businesses and other investments
Specific economic benefits*:
- 2,058 person years of employment generated by the construction project
- $96 million in new labour income generated from the construction project
- One-time addition of $100 million to Toronto economy for expansion project
- $54 million in provincial and federal tax revenues generated by the construction project
- 245 permanent new jobs generated throughout the province
- $3.8 million generated annually in tax revenues
- $12.7 million in new tourism revenues throughout the province
* Prepared by PricewaterhouseCoopers, April 2001 for AGO’s SuperBuild application
