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Fourth-Quarter Investments
The Fourth-Quarter Investments included in the 2008 Budget reflect the priorities of the government's five-point economic plan to invest in skills and knowledge, enhance Ontario's competitiveness, strengthen the environment for innovation, invest in infrastructure and form key partnerships to strengthen Ontario's industries. Before proceeding with any investment, the government assesses proposals as part of planning processes, such as Results-Based Planning and preparation of the Budget. In the case of Fourth-Quarter investments, the government has implemented a process to ensure due diligence has been completed by the Ontario public service. Recipients of Fourth-Quarter Investments must comply with accountability provisions that are consistent with transfer payment directives. This includes report-backs on how funds are used, the opportunity for independent audit and verification and the right to recover funds. These Fourth-Quarter Investments are part of the government's fiscal plan to ensure the achievement of balanced budgets while making investments that help build the economy of the future. University of Guelph $56 million. Vineland Research and Innovations Centre Inc. $12.5 million.
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