Ontario Tech gratefully acknowledges province’s pandemic-related support of post-secondary institutions

The Ontario government will invest $106.4 million in universities and colleges to help ensure students continue to get the skills and education they need for the in-demand jobs of today and tomorrow.

The funding announced March 19 supports the sustainability of the post-secondary sector, underscoring its importance as a leading contributor to Ontario’s economic recovery.

Ontario Tech University will receive $4.8 million from the Post-secondary Education Support Fund to address some of the impact resulting from:

• Decreases in commercial revenues.
• Increased expenses associated with student supports, online learning and maintaining safe operations.

Quotes

“Ontario Tech University expresses thanks to the Province for its investment in maintaining Ontario’s position as a global leader in higher education. The post-secondary sector is essential to the province’s economic recovery as a key source of job creation, skills training, research, innovation and commercialization. Ontario Tech is committed to delivering high-quality programs to ensure students get the skills they need to get good jobs.”
-Dr. Steven Murphy, President and Vice-Chancellor, Ontario Tech University

“We want Ontario Tech to remain strong and vibrant as it recovers from the impacts of COVID-19. The university will play a key leadership role in our local economic recovery.”
-Lindsey Park, MPP for Durham

Did you know?

• As economic and social anchors in communities, Ontario’s universities are large employers and purchasers of local goods and services, keeping our industries growing and our diverse regions thriving.
• Ontario’s universities have an economic impact of nearly $116 billion.
• According to the Conference Board of Canada, every $1 invested in post-secondary education generates a positive economic return on investment estimated at $1.36.

Related links

• Government of Ontario news release (March 19, 2021)
• Government of Ontario backgrounder (March 19, 2021)