Wynne promises $2.5B fund to keep business in Ontario

TORONTO – Premier Kathleen Wynne is promising to create a $2.5-billion fund aimed at keeping businesses in Ontario.

Details are scant, but officials say companies would be able to apply for government grants.

They say the applicants would have to meet certain criteria to receive the money, details of which will be in Thursday’s budget.

Wynne says she believes in “working actively to help create the conditions for companies to succeed.”

She says her government will also create what the Liberals are calling the Ontario Retirement Pension Plan.

The minority Liberals need at least one opposition party to support their budget to avoid an election.