TORONTO, ONTARIO--(Marketwired - May 3, 2013) - The Funding Portal Inc. (TFP), which publishes the Industrial Stimulus Index™, released its findings today that the 2013 Ontario Budget triggered a flat year-over-year trend line for industrial stimulus spending by the Province.
The Index concludes: "Ontario provided an estimated $4.3 billion in direct industrial stimulus funding in 2012-13 through $2 billion in grant and contribution programs and $2.3 billion in tax incentives. Given the caps on new spending, industrial stimulus levels are expected to stay largely flat in 2013-14."
The Funding Portal publishes the results of its Industrial Stimulus Index twice per year, following the release of the Federal and select provincial budgets. The Index measures trends in industrial stimulus spending by Canadian governments. It is a composite of three key indices: the TFP 100 Index listing the top 100 companies to receive government stimulus funding; the Funding Portal Index, a daily data feed and annual report on awards of industrial stimulus to companies in Canada; and the VC Investment Stimulus Index, tracking transfers by governments to venture capital firms for re-investment in VC-grade investments.
The Funding Portal is Canada's electronic gateway to all sources of G2B industrial funding-more than 4,000 programs distributing $24B in stimulus funding/year and, through its publications, including the Industrial Stimulus Index™ and FundingReport™, is Canada's authoritative voice on industrial stimulus funding in Canada. Its financial backers and industry partners include KPMG, Canadian Manufacturers and Exporters (CME), and Ontario Centres of Excellence (OCE), among others.
Leading users of the Index include Hays Recruiting Experts Worldwide. Regional Vice President Andy Robling says, "The Funding Portal's unique just-in-time data reports help us keep ahead of the market and provide faster better service to our customers."