Toronto – A major contributor to Ontario’s prosperity gap is the small size of its firms. Aiming to close this gap, the Institute’s new Working Paper, A place to grow: Scaling up Ontario’s firms, assesses the factors that contribute to a business’s size. Given the diverse nature of Ontario’s business, the Working Paper found there is no “one size fits all” solution for scaling up Ontario’s firms.
The report looked at over 140,000 businesses in Ontario spanning seven key sectors to determine the factors that were most strongly associated with large firms. The results vary drastically by sector and firm size, which implies that targeted, sector-specific efforts are required to maximize Ontario’s potential.
Read more, and download the report at the Institute for Competitiveness and Prosperity.