Mr. Speaker, the economic action plan provides more than $1 billion over five years for a Southern Ontario development agency which will support economic and community development.
The government is developing options to ensure a successful and timely launch of the new agency and to determine the nature of programming that will address southern Ontario's specific needs.
We are consulting with all existing regional development agencies, including FedNor, to gain from their experience and work with relevant stakeholders in order to build on Ontario's tremendous strengths.