Relocation expected to bring a $100M boost to local economy
In a strategic move aimed at revitalizing regional economies, the Ontario government has announced the relocation of the Workplace Safety and Insurance Board’s (WSIB) head office to London, Ontario.
The decision, which is projected to bring a $100 million infusion into the local economy, aligns with the government's commitment to enhancing support for injured workers and streamlining services for businesses across Ontario.
David Piccini, the newly appointed Minister of Labour, Immigration, Training and Skills Development, following the sudden resignation of Monte McNaughton, is hopeful the relocation will deliver on the promises made.
"Today’s announcement is fantastic news for the City of London and all of Southwestern Ontario, as our government brings thousands of good jobs and millions in investment to the region," says Piccini.
He says the relocation will not only stimulate the local economy but also enable WSIB to save $70 million annually, reinforcing its mission to better serve injured workers and the numerous businesses that rely on its support across Ontario.
The decision to move WSIB's head office from its current location in downtown Toronto to London is part of the government's Community Jobs Initiative, a strategic plan designed to optimize taxpayer dollars by fostering job growth and economic development in various communities across Ontario.
Jeff Lang, president and CEO of the WSIB, praised the decision. "This is a great day for London and for the WSIB. We found a great space and are looking forward to taking on a bigger role as part of this community."
The relocation is expected to reduce costs by 40 percent compared to the current Toronto location. The new office is expected to open its doors in 2025, initially employing at least 500 workers and, in the following five years, generating a minimum of 2,000 jobs within the London area.
"This is phenomenal news for London,” says Mayor Josh Morgan. “The arrival of 2,000 high-quality, recession-proof jobs will only further enhance London’s status as one of the fastest-growing and most resilient economies in all of Ontario."
The WSIB is also expanding its online services and extending phone hours to improve accessibility to assistance for all stakeholders.