Ontario plans to accept 100 immigrants with new entrepreneurship program – CHCH News
Ontario is planning to accept 100 immigrants within the next two years under a new foreign entrepreneurship program.
The program will allow them to apply for immigration after they invest a minimum of $200,000 into the economy.
Labour Minister Monte McNaughton says the province will focus on attracting international entrepreneurs outside the Greater Toronto Area.
Entrepreneurs will be nominated for immigration under the program after they start a new business or purchase an existing one in Ontario.
McNaughton says the $6 million initiative will be recovered through fees paid by immigrants who are coming to the province to start or buy businesses.
The province is expecting at a minimum $20 million in business investment generated through this immigration stream.
The previous Liberal government in Ontario had founded this stream in 2015 but only two immigrant investors have been nominated using it since then.
