Research and Development

Today's global economy is led by innovation. Knowledge is the primary resource that enables innovation and the primary source of this new knowledge is research. Although national policies may set the stage, the primary locus for robust innovation is at the regional level. Sustained job and wage growth depend on upon maintaining a dynamic regional environment that generates new knowledge and incubates companies that invest in innovation. In highly successful regions, innovation is concentrated in industry clusters that produce higher average wages, productivity, and rates of business formation, and powerful new synergies among disciplines, professions, institutions, businesses, and governments where...

The Waterfront

Toronto's waterfront has the potential to rival that of any other city in the world. A revitalized waterfront can help strengthen Toronto's place in the global marketplace and ensure it remains one of the best cities, to live, work and visit. In the process, revitalization will make significant contributions toward achieving important public policy objectives including: Developing sustainable communities, particularly in the area of energy efficiencyReducing urban sprawlRedeveloping brownfields & cleaning up contaminated landIncreasing economic competitivenessBuilding more affordable housingCreating more parks and public spaces In 2001, the Government of Canada, Province of Ontario and the City of Toronto jointly created...

Tourism

The Toronto region is one of the major tourist destinations in North America. It is a strong contributor to the region's economy, bringing in revenues of $4 billion annually and providing our residents with some 95,000 direct jobs. Tourism is a growth industry in North America, but unfortunately, even before the SARS outbreak, our industry was slipping significantly. Despite the lower Canadian dollar, Toronto has been losing tourism market share to other major North American destinations. Growth in visitors to Toronto between 1996 and 2000 was only 1.5 per cent per year - versus 5 per cent or more per...