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Ontario gave Honda $2.5B in tax incentives to secure EV deal. Is it worth it?

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Jean Marc Leclerc, Honda Canada's president and CEO, says the $2.5B incentive Ontario gave from the investment tax credit helped secure the deal because it is ‘guaranteed support.' Vic Fedeli, the province's economic development minister, says the deal will create a ‘significant’ number of manufacturing jobs at multiple sites in Ontario.

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