Posts Tagged ‘Growing the city and regional economy’

Better Together: Driving Regional Economic Cooperation and Development

Northeast Ohio does it, so does Chicago. It’s done as far away as Stuttgart, Germany and as close as Kitchener-Waterloo, Ontario. The “it” we’re talking about is regional economic cooperation and development; working together to drive economic growth.

Globally, urban centres — a well-known city centre and its surrounding municipalities — are seen as a cohesive whole from a business perspective. Therefore, to better attract business to our region, we must begin operating as a regional entity versus the individual municipalities we currently act as.

The Board of Trade’s latest discussion paper, Better Together: Driving Regional Economic Cooperation and Development, examines the importance of coordinated approaches to regional economic development and the potential benefits to creating a single regional investment promotion agency.

Download Better Together: Driving Regional Economic Cooperation and Development and learn more.

Moving ahead: Funding Metrolinx’s The Big Move

Transit and transportation infrastructure has faced decades of chronic underinvestment in the Toronto region. At the same time, the chokehold of gridlock and traffic congestion costs our region $6 billion annually and hampers our ability to grow our economy. This fact is not lost on our mayoral candidates, as transit quickly becomes a major municipal election issue.

Steering you in the right direction

Transit City, Metrolinx, Move Ontario 2020, the TTC, The Big Move. Who are they? What are they? How will they help me get to work in the morning?

Transit and transit infrastructure are quickly becoming key election issues. But before jumping in to the discussion it’s helpful to know who the players are, how they interact, and what their plans are.

See the Toronto Board of Trade’s new handbook, Regional Transportation: A Guide for the Perplexed, for an introduction to the players and issues that the Board and the candidates will be discussing over the next few months.

GUEST BLOG: Give city bureaucracy the power to embrace innovation

By John Campbell, President & CEO, WATERFRONToronto

Like other large cities around the globe, Toronto faces formidable challenges posed by climate change, unrelenting urbanization and the need to compete in a global knowledge-based economy. Increasingly the issues of sustainable urban growth and economic vitality are implicitly intertwined. What is clear is that our traditional ways of addressing these issues – especially the reliance on inexpensive suburban land and cheap fossil fuels – are increasingly obsolete. To position Toronto for success in the 21st century, city builders and signature city building projects must move beyond the bricks and mortar of traditional infrastructure and real estate development.

Riddle me this: Why is Toronto tops on livability and middling on economy?

On Monday the Board of Trade released its second annual Scorecard on Prosperity. You’ve probably heard and read a lot about Toronto’s last place finish on commute times, but that is only one small part of the picture painted by this year’s Scorecard.

Commuting time is only one indicator out of 34 included in the Scorecard, all of them ranking 24 cities for their performance in each indicator. The Scorecard also tracks GDP growth, productivity, diversity, employment growth, and more – then aggregates the results into an overall ranking. And despite the Toronto region’s poor showing on commute times, overall Toronto is in good shape with a fourth place finish on this year’s Scorecard.

How does Toronto stack up? Board of Trade releases its Scorecard on Prosperity 2010

Toronto stacks up well against other great city-regions of the world – from Montreal and Vancouver to New York, Tokyo and Paris – but its middling economic performance could put its competitive advantages at risk, according to Toronto as a Global City: Scorecard on Prosperity – 2010, the Toronto Board of Trade’s second annual benchmarking report, released this morning.

BIG IDEA: A casino on the waterfront, says Mammoliti

 

Who: Giorgio Mammoliti

His idea: Build a casino in Toronto to help solve our budget problems

By now it’s clear that Toronto has a bad case of the financial woes. But mayoral candidate and current City Councillor for Ward 7 York West, Giorgio Mammoliti, has an idea that can turn people’s pupils to $$ signs: a casino on Toronto’s waterfront. 

BIG IDEA: Thomson talks tolls

Who: Sarah Thomson

Her idea: Adding road tolls to the Gardiner Expressway and Don Valley Parkway to pay for an increased subway network

A few weeks ago we posted a story detailing mayoral candidate Sarah Thomson’s plan to use public-private partnerships to build an additional 58 kilometres of subway in Toronto. On Wednesday, she added a second feature to her subway platform.

Rocco Rossi: Getting Toronto back on track starts with getting our fiscal house in order

Speaking to a sold-out luncheon audience at the Toronto Board of Trade, mayoral candidate Rocco Rossi delivered his second major speech of the campaign outlining more of his platform and giving the audience insight into what a “Rossi Administration” would look like.

Guest Blog: To fix the TTC, make it compete for riders

By Benjamin Dachis, CD Howe Institute

The debate over whether to declare the Toronto Transit Commission an essential service – removing the right of TTC workers to strike – has been revived by an MPP’s private member’s bill. This is, in part, a reaction to the recent service-quality problems the TTC has faced.