Annual LBS Program Funding (in millions)
$108M

Annual GDP Impact

$800M
Baseline

Learners Served Annually

40,000
Current capacity

ROI (First Year)

23%
Per SRDC research

Productivity Gain

2.5%
Provincial average

Healthcare Savings

$50M
Annual reduction

Social Returns (10-Year)

$741M
$7.41 per dollar

Economic Impact by Sector

$280M
Manufacturing
$240M
Construction
$200M
Healthcare
$160M
Retail/Service
$120M
Other

Cumulative Returns Over Time

Year 1
$123M
Year 3
$450M
Year 5
$900M
Year 10
$2.4B

Key Insights from Research

GDP Impact: Research shows that a 1% increase in adult literacy skills can boost Canada's GDP by $50-67 billion annually. Ontario's proportional share would be approximately $25-30 billion.

Productivity Crisis: Currently, 40% of Canada's workforce lacks Level 3 literacy skills required for 96% of modern jobs, costing $32 billion annually in lost productivity.

Return on Investment: Every dollar invested in adult literacy programs returns $7.41 to society over 10 years, with workplace programs showing 23% ROI in the first year alone.

Current Gap: Flat funding over the past decade, combined with inflation, has effectively reduced program capacity by 30%, limiting Ontario's economic competitiveness.