NEWS

Ontario and Nevada Strengthen Economic Ties

27 September 2023

Toronto — Ontario and Nevada are strengthening their economic relationship through a new partnership that will increase trade, attract investments and strengthen supply chains in both jurisdictions. The new Economic Cooperation Memorandum of Understanding (MOU) will support joint promotion of electric vehicles, advanced manufacturing, critical minerals and other priority sectors.

Toronto — Ontario and Nevada are strengthening their economic relationship through a new partnership that will increase trade, attract investments and strengthen supply chains in both jurisdictions. The new Economic Cooperation Memorandum of Understanding (MOU) will support joint promotion of electric vehicles, advanced manufacturing, critical minerals and other priority sectors.

Premier Doug Ford and Governor Joe Lombardo signed the agreement today during a ceremony at Queen’s Park. They were joined by Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, and a Nevada-led delegation that includes other government leaders.

“This new agreement will help Ontario and Nevada attract new investments and provide businesses and entrepreneurs opportunities for new markets for their products and services,” said Premier Ford. “Our government is hard at work, developing new economic partnerships with jurisdictions across North America and around the world to create new jobs and a stronger, more resilient economy.”

“This agreement is based on our region’s strong mining sectors,” said Governor Lombardo. “It is in the mutual best interests of Nevada and Ontario to cooperate and work together to expand our economic partnership. Working together we can maximize emerging export opportunities.”