OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE

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• OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE

CCIM West Economic Forum Presentation by Rob
Milligan, CEO
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2005 Economic Development Strategy
OUR VISION

• The Oakville Economic Development Alliance is
  committed to enhancing Oakville as a diverse
  live/work community with a sustainable economic
  base that reinforces the health of the community
  and maintains the high quality of life

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2005 Economic Development Strategy
OBJECTIVES

• Continue development of a Business Retention and
  Expansion program.
• Engage in business attraction programs designed
  to encourage investment in targeted sectors and
  clusters.
• Promote the Town as a location for tourism
  investment and as a tourist destination.
• Encourage the creation of an adequate supply of
  serviced employment lands that allow for
  flexible, multi-use development that supports an
  increase in Town-wide live/work opportunities in
  Oakville.

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Competitive Analysis
High Growth Clusters

• Professional, Scientific Technical Services
• Real Estate, Rental Leasing
• Retail Trade
• Educational Services
• Management of Companies Enterprises

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Carvalho Scale - Ranking Oakvilles Industrial
SectorsOakville to Ontario 1999-2003
Competitive Analysis
High Performers
Medium Performers
Poor Performers
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Partnerships Are Key

• Town of Oakville
• Oakville Chamber of Commerce
• Sheridan Institute
• Residents
• Business Community
• Oakville Hydro/Blink

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EMPLOYMENT LANDS

• The amount of employment land designated in the
  Official plan is related to the amount of
  industrial and office employment required by the
  municipality to achieve Activity Rate policy
  goals, and to maintain a competitive supply of
  vacant and marketable employment lands.
• The municipality will strive to maintain a
  minimum 15 year supply of vacant employment
  lands.
• AVERAGE ABSORPTION FROM 1990 TO 2004 49.35
  acres
• 15 Year Supply Approximately (15 x 50) 750 acres

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EMPLOYMENT LANDS
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INTENSIFICATION REVITALIZATION
The Game has Changed

• The knowledge-based economy depends on what
  economists call high human capital -- what most
  of us would call talent.
• Nobel prize-winning economist Robert Lucas
  maintains that the driving force in the growth
  and development of cities and regions can be
  found in the productivity gains associated with
  the clustering of talented people.
• But what brings talented workers to those areas?
  How do they make their residential and business
  location decisions? What sets high-technology
  centers such as Silicon Valley and Route 128 in
  Boston apart from other metropolitan areas? Why
  have some cities - many home to some of the
  nation's most prestigious university research
  centers and college graduates - been unable to
  attract talented technology workers?

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INTENSIFICATION REVITALIZATION
Business Retention and Expansion

• B.I.A. (2) Downtown, Bronte
• Kerr Street Example
• Corporate call program
• Target environmentally friendly businesses in the
  Knowledge Based/Adv. Manufacturing/Professional
  Services.
• Use employment lands most efficiently.
• Higher employment densities from head offices.

Business Attraction
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There will be Growth
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• OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE

Thank You for Attending!