City of Toronto

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Toronto, Ontario, Canada
Toronto Training Board Annual General
Meeting September 25, 2008
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Economic Prosperity Four Pillars
Creative Toronto Productivity and Growth
Proactive Toronto Business Climate
Global Toronto Internationalization
One Toronto Economic Opportunity and Inclusion
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Its about people!

• In a knowledge-based global economy a citys
  economic success is largely determined by the
  attributes of its labour force
• Talent skills and knowledge
• Diversity thought, experience, ideas
• Creativity a culture of innovation

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Its about transformative change
The future will not be a continuation of the
past. It will be fundamentally different and
will require all of us to think and act
differently.
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Starting Point The Message

• Positive We are on a positive path and poised
  for future success.
• Time limited We have an opportunity to take
  advantage of our unique position in the world
  make the most of our assets .. Or not
• Collaboration Prosperity is everybodys
  business

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Urbanization

• More than half of Canadas population lives in
  the countrys 10 largest metropolitan areas.
• 2007, 10 largest metropolitan areas generated
  more than 50 of Canadas GDP
• Toronto alone accounts for 10 of Canadas GDP
  equivalent contribution to New York, Chicago,
  Boston San Francisco combined to U.S. GDP

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Toronto, Ontario, CanadaTorontos Role
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Regional Job Growth 2000 - 2006
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MasterCard Worldwide Survey 2007
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Population by Mother Tounge
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Diversified Economy
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Torontos population continues to grow faster
than jobs
Thousands of People
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Rapid job growth in the 905 regionnot in the
City
Thousands of Jobs
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Employment Concentration Public Transit
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Employment Location Environment
500,000 SF Office Building Location
Comparison Annual Impact Downtown Suburban Tran
sit Trips 634,800 57,363 Auto Use
(km) 3,259,300 11,153,700 Fuel Use (l.)
291,025 995,925 Emissions (kg.) 940,800
3,219,500
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Creativity A Critical Driver of Success
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Cultural Renaissance

• Cultural industries contribute 9 billion to
  economy
• 1 billion spent on infrastructure in past 3
  years

Art Gallery of Ontario
Ballet Opera House
Royal Conservatory of Music
Gardner Museum of Ceramics
Royal Ontario Museum
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Enhance Institutions to Support Innovation
Ontario College of Art and Design
MaRS Project
Centre for Cellular and Bimolecular Research
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New DestinationsDistillery District
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Priority Neighbourhoods
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Median Age Canada 1950 - 2050
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Fertility Rates Canada 1950 - 2050
Replacement Rate (2.1)
Fertility Rate (Children per Woman)
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Fertility Rates Selected Countries 1950-2050
Fertility Rate (Children per Woman)
Replacement Rate (2.1)
Canada
U.S.
U.K.
France
Germany
Italy
Spain
China
India
Japan
Russia
World
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Importance of Immigration
As a result of demographic shifts, immigrants
are expected to account for all net labour force
growth in Canada by 2011, and for all net
population growth by 2031.
Source Immigration, Labour Force and the Age
Structure of the Population, Human Resources
Development Canada, 1999
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Labour Force Composition City of Toronto - 2001
Census
46.7
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Canadian Cities Total Population 2006 Census
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Unemployment Rates Youth vs All 1987 - 2006
Unemployment Rate ()
Year
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Canadian Cities Total Population 2006 Census
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Canadian Cities Total Population 2006 Census
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(No Transcript)
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TorontoKey Sectors

• Film Television
• Tourism and Hospitality
• Food and Beverage
• Fashion Design
• Medical, Biotech and Pharmaceutical
• Financial Services
• Business and Professional Services
• Information and Communication Technology

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Diversity Leads toInnovation and Creativity



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Implementing the Agenda

• Facilitate
• Grow
• Green
• Internationalize
• Create value
• Activate
• Transport
• Promote

• City led
• Leadership Organization
• Investment in Economic Development
• Proactive Policy Development
• Partner led
• Cluster Development Expansion
• Global Outreach New Market Dev.
• Labour Force Development
• Together
• Advocacy
• Marketing

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Implementing the Agenda If We Get It Right

• Rising tax base with lower taxes
• Employment and income for citizens choice of
  jobs
• Resources for social and environmental programs
• Managed growth and investment
• Increased global connectivity.
• Strong ongoing collaboration

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Keys to SuccessCollaboration, Synergies
Partnerships
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Toronto, Ontario, Canada