Tech boom marks revival in fortune for Ontario government
Ontario’s economy is expected to grow by 2.3 per cent this year, outpacing all other provinces. This hasn’t happened since 2000.
https://www.thestar.com/business/201...overnment.html
Things are looking bright for Dan Leibu and League Inc., a digital health and benefits platform he founded with three friends two years ago in Toronto.
League plans to triple staff to as many as 200 by the end of the year and start offering services in the U.S. The company provides an alternative to traditional benefit plans offered by insurers, targeting small and medium-sized businesses that appreciate its flexibility and easy access. It received $25 million in venture funding last year from one of Canada’s largest pension plans, among others.
“We’re just racing to catch up with the demand,” Leibu, 43, said in an interview in the company’s office in the MaRS Discovery District, an innovation hub that fosters technology and medical start-ups such as League in Toronto’s hospital row, where much of the country’s publicly funded science research is carried out.
Prime Minister Justin Trudeau unveiled an “innovation budget” last month designed to help improve the country’s historically poor record at bringing ideas to market. The shift is already underway.
That growth is expected to help Kathleen Wynne balance the province’s books for the first time in a decade when the Ontario government releases its budget this spring for the fiscal year starting April 1. The province expects a $1.9 billion deficit for last fiscal year, down from a projected $4.3 billion gap in the 2015-16 budget.