Company awarded taxpayer slush in return for jobs has all but closed up shop in TOPublished on February 01, 2018
A Toronto Star Investigation revealed Los Angeles company's job commitment broken
MPP Monte McNaughton is demanding increased transparency after a company that received taxpayer funded handouts from the Wynne has all but closed up shop in Ontario.
Legend 3D, a digital media company based in Los Angeles, has drastically reduced its Toronto office workforce. When the Wynne Liberals announced a $3.1 million handout for Legend 3D just last year, they claimed “271 new jobs” would be brought to Canada.
“There is very little transparency in how this funding is awarded. Project results for these grants are never made public. We were under the impression that there would be good jobs for the people of Toronto. It turns out it’s all a complete lie,” said McNaughton.
The Auditor General also found that the Liberal Government never studied the economic impact of their grants, and were unable to prove whether or not they helped create a single job.
“Now we find out, that after handing out billions of dollars in the name of economic development, Kathleen Wynne can’t prove they are helping create jobs,” said McNaughton.
“All the Minister does is write cheques, stage photo-ops and then pretends like nothing’s wrong while people remain without work.”