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Philadelphia, 06/20/2005
Province Makes Its Presence Felt At Bio 2005 In Philadelphia
Ontario is recognized as Canadian Province of the Future by fDI magazine at the Bio 2005 conference. Economic Development and Trade Minister Joe Cordiano today accepted the award.
"I'm proud to see our province recognized as the economic powerhouse of the future," Cordiano said. "We're moving from strength to strength in the biotechnology and life sciences sectors, and it confirms Ontario is the best place to invest."
In addition, Ontario placed first in six categories out of seven judged by fDi Magazine. "This is the first Canadian version of our worldwide competition to pinpoint the hottest location for inward investment in Canada," said Courtney Fingar, Editor fDi Magazine. "Ontario nearly swept the board and its individual cities dominated at that level of competition in an extremely impressive showing."
The City of Toronto received an award for Canadian City of the Future and also came first in four of the seven judging categories. "We look forward to continuing to work with industry, government and our citizens to increase our quality of life and preserve our economic vitality," said Matt Buist, Manager, Business Development Medical and Biotechnology, City of Toronto.
The Waterloo Region accepted an award for the Most Cost Effective Location in Canada. "I'm pleased this global publication has recognized Waterloo Region as a hot spot for investment," said Linda Fegan, Manager of Marketing and Communications, Canada's Technology Triangle Inc. "Our community is seeing the benefits of the provincial activity which is putting us on the map."
fDi Magazine is part of the well-known Financial Times Group, which publishes the Financial Times newspaper in the UK.
"We're making Ontario's presence felt at Bio 2005," Cordiano said. "Ontario is key to unlocking the North American marketplace for biotechnology."
Premier Dalton McGuinty is scheduled to attend Bio 2005 on Tuesday, June 21st.
Bio 2005 is an annual international convention that provides Ontario with an opportunity to showcase its strengths in biotechnology and promotes them to the world.
Source: MEDT
Added on July 05, 2005
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