Victor Fedeli

Lifelong entrepreneur, 2-term North Bay Mayor, 5-term Nipissing MPP, Ontario’s Minister of Economic Development, Job Creation and Trade, and Chair of Cabinet

[Victor Fedeli @VictorFedeli]

The numbers are in!

In 2024, Ontario saw historic levels of Foreign Direct Investment.

409 companies invested over $39 billion across the province, creating 24,700 new jobs. Companies from across the world know that Ontario has everything they need to succeed.

🧵(1/8)

[Victor Fedeli @VictorFedeli]

We’re making it easier for Ontario’s young entrepreneurs to succeed.

Our government is helping nearly 1,000 young people access financing, mentorship, networking, and tools to take their businesses off the ground.

Learn more: https://t.co/kgy2KnxUW4

@NinaTangri

[Nolan Quinn @nolanmquinn]

ICYMI: Northern Ontario's first undergraduate community planning program is coming to @NipissingU.

Backed by our $2.8 millon investment, we're building the workforce that will be crucial to unleashing Northern Ontario's enormous economic potential.

Learn more: https://t.co/oHRJKlBO5R

[Victor Fedeli @VictorFedeli]

Consuls General build bridges between economies, facilitating timely dialogue in areas of shared strategic importance.

In today’s meetings with Consuls General of Mexico, South Korea, Japan, and India, we discussed how we can capitalize on complimentary strengths to usher in new, job creating opportunities and diversify our trade relations to the benefit of our industries and workers.

[Victor Fedeli @VictorFedeli]

Ontario has long been a leader in supplying life-saving medical isotopes to patients at home and around the world.

As demand across the isotope market continues to grow, our government will leverage Ontario’s multi-sectoral strengths to double isotope production by 2030 and advance new economic opportunities in the radiopharmaceutical industry.

[Canadian Nuclear Isotope Council @IsotopesCanada]

This afternoon’s launch of Canada’s new Nuclear Energy Strategy marks an important step forward for our sector, and we were glad to see the new commitment to develop a comprehensive Radioisotope Strategy. 🇨🇦

Read our full statement below: https://t.co/niEMCTv6p4

[Victor Fedeli @VictorFedeli]

It was an honour to address Consuls General and representatives from 39 countries at today’s Consular Corps Association of Toronto meeting.

As the global economic landscape continues to evolve, our government is focused on diversifying trade and unlocking access to new markets that will create opportunities for Ontario businesses and workers.

[Victor Fedeli @VictorFedeli]

This morning in Mississauga, our government announced support for 11 additional cutting-edge health technology companies through the Life Sciences Scale-Up Fund (LSSUF).

With the first round of funding now fully deployed, the LSSUF has leveraged nearly $75 million in investments, supporting over 1,000 good-paying jobs across 14 projects.

Building on this success, applications for round two are officially open until August 3! 🔬

Learn more: https://t.co/at53D7elAj

@deepakanandmpp
@ninatangri
@BaylisMedTech

[Victor Fedeli @VictorFedeli]

Even though he’s been gone almost 17 years, he still is in our hearts and minds. Not a day goes by that we still don’t ask WWHD?

‘What Would Hub Do?’

Hope you have someone special in your life, or in your memories, on this Father’s Day.

[Victor Fedeli @VictorFedeli]

Looking for a way to celebrate Father’s Day?

From June 20-21, you can cast a line for free across Ontario and reel in some great memories out on the water with your loved ones.

Be sure to pick up free lures at our constituency office, located at 219 Main Street East! 🎣🐟

[Victor Fedeli @VictorFedeli]

Ontario is leveraging its expertise in nuclear energy to strengthen supply chains and create new jobs here at home.

Earlier this week, our government announced an agreement between @GVHNuclear and @VelanInc that will export made-in-Canada components for European SMRs, and see a new manufacturing facility open in Pickering.

[Stephen Lecce @Sflecce]

When Ontario committed to building the first Small Modular Reactor in the G7, we did so with a clear objective: leverage our first-mover advantage to fire up Ontario’s supply chain and industrial base.

Proud to announce a new agreement between @gvhnuclear and @VelanInc to export #MadeInCanada components for European SMRs, worth up to $70 million for each reactor.

In addition, we announced that Velan will build a global manufacturing facility in Durham Region.

With an estimated $600 billion in global SMR investment ahead, Ontario’s first-mover leadership is creating 18,000 good-paying jobs for Canadians.

[Victor Fedeli @VictorFedeli]

This week, our government signed a new critical minerals agreement with the U.K. to secure supply chains across the Atlantic and attract new investment opportunities to Ontario.

🇬🇧🇨🇦: https://t.co/91dNNdzAil

@sflecce

[Victor Fedeli @VictorFedeli]

Our government is investing $2.8 million to expand the Port of Thunder Bay and build a new marine terminal in Marathon.

By expanding east-west trade corridors across Canada, we are strengthening Ontario’s domestic supply chains, reducing reliance on the U.S. market, and building a stronger, more self-reliant economy for generations to come.

Learn more: https://t.co/zrR2V5lO5I

@GeorgePirieMPP
@NOHFC

[Victor Fedeli @VictorFedeli]

Ontario and Greece have a strategic opportunity to build on shared expertise in defence and technology.

While in Athens, we sat down with leading business publication Naftemporiki to highlight how Ontario can serve as an ideal business partner to Greek companies seeking to collaborate, innovate, and access new opportunities across North America.

https://t.co/7APsFzjT2N

[Victor Fedeli @VictorFedeli]

Our mission to Cyprus was short and sweet, but very impactful.

Alongside key Cypriot government and industry leaders, we discussed tangible opportunities to build out our bilateral trade in the face of global uncertainty.

By strengthening our ally partnerships, we are building on the $35B invested by 750 global companies last year alone, which resulted in 64,000 new, good-paying jobs.

https://t.co/Rcfq6rh5R2

[Victor Fedeli @VictorFedeli]

Congratulations to the team at ArcelorMittal Tailored Blanks’ on beginning production of their $100-million state-of-the-art steel plant in Ingersoll.

Despite tariff pressures, demand for Ontario-made steel continues to grow, which is why our government supported this project with $4.1 million through the Ontario Together Trade Fund.

[Financial Post @financialpost]

New $100-million steel plant opens in Ingersoll, Ont., despite EV, trade turmoil
https://t.co/NyP7Gtb6U3

[Victor Fedeli @VictorFedeli]

From France to Greece to Cyprus, Ontario was on the ground advocating for new business investments and trade opportunities for our economy.

Our non-U.S. exports are up 75% since 2018.

In that same time period, we’ve landed more than $222 billion in new investment and seen businesses create over 1 million new jobs.

We’re going to drive these numbers even higher - delivering real results for Ontario businesses and workers.

[Victor Fedeli @VictorFedeli]

We were honoured to close out our time in Cyprus at the annual Canada Day Reception hosted by Sonya Thissen, Canada’s Ambassador to Greece and High Commissioner to Cyprus, alongside Michael Damianos, Cyprus’ Minister of Energy and Commerce.

It was great to forge new connections and lay the groundwork for lasting partnerships with government representatives and the business community.

[Victor Fedeli @VictorFedeli]

Thank you to @PwC for putting on a constructive forum with businesses who have a presence in Cyprus and the surrounding region.

We had the opportunity to underscore what Ontario has to offer for companies looking to increase supply chain resilience and expand.

[Victor Fedeli @VictorFedeli]

Cyprus has taken action to build a more diversified economy and strengthen relationships with economic partners around the world.

Today, we sat down with Makis Keravnos, Minister of Finance of the Republic of Cyprus, to discuss shared priorities across key sectors and Ontario’s role as a trusted economic partner.

[Victor Fedeli @VictorFedeli]

Starting our day in Cyprus at the Presidential Palace, where we met with Irene Piki, Deputy Minister to the President of the Republic of Cyprus.

Thank you for hosting us for a thoughtful discussion on how we can increase cooperation between our two jurisdictions.