Item - 2008.ED11.1
Tracking Status
- City Council adopted this item on January 29 and 30, 2008 without amendments.
- This item was considered by Economic Development Committee on January 17, 2008 and was adopted with amendments. It will be considered by City Council on January 29 and 30, 2008.
ED11.1 - Agenda for Prosperity: A Prospectus for a Great City
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
City Council Decision
City Council on January 29 and 30, 2008 adopted the following motions:
1. City Council endorse the attached “Agenda for Prosperity” - A Prospectus for a Great City to be used as the context for major strategic policies impacting economic competitiveness and growth.
2. The General Manager, Economic Development, Culture and Tourism, in consultation with the Mayor’s Economic Competitiveness Advisory Committee and Interdivisional Economic Growth Team, be directed to:
a. prepare an implementation plan and budget for Priority Actions within the ambit of the City of Toronto;
b. recommend targets for the success measures identified for the four pillars of the Agenda; and
c. report back to the Economic Development Committee, as soon as possible, on next steps, and at least annually thereafter, beginning in 2009, on progress in implementing the Prosperity Agenda.
3. The appropriate officials be authorized to take the necessary action to give effect thereto.
4. The citizen members and the staff supporting the Mayor’s Economic Competitiveness Advisory Committee be thanked for their contribution to the “Agenda for Prosperity” report.
5. The “Agenda for Prosperity” report be forwarded to the City’s agencies, boards and commissions.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2008/ed/bgrd/backgroundfile-9789.pdf
Attachment - Prospectus - Mayor's Economic Competitiveness Advisory Committee
https://www.toronto.ca/legdocs/mmis/2008/ed/bgrd/backgroundfile-10049.pdf
Background Information (City Council)
https://www.toronto.ca/legdocs/mmis/2008/cc/bgrd/backgroundfile-48863.pdf
(January 16, 2008) Press Release containing additional comments from members of the Mayor's Economic Competitiveness Advisory Committee (ED11.1b)
https://www.toronto.ca/legdocs/mmis/2008/cc/bgrd/backgroundfile-48864.pdf
Communications (Committee)
Communications (City Council)
(January 29, 2010) Letter from Greg Clark (CC.New.ED11.1.3)
ED11.1 - Agenda for Prosperity: A Prospectus for a Great City
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Committee Recommendations
The Economic Development Committee recommends that:
1. City Council endorse the attached "Agenda for Prosperity: A Prospectus for a Great City" to be used as the context for major strategic policies impacting economic competitiveness and growth.
2. The General Manager, Economic Development, Culture and Tourism, in consultation with the Mayor’s Economic Competitiveness Advisory Committee and Interdivisional Economic Growth Team, be directed to:
a. prepare an implementation plan and budget for Priority Actions within the ambit of the City of Toronto;
b. recommend targets for the success measures identified for the four pillars of the Agenda; and
c. report back to the Economic Development Committee, as soon as possible, on next steps, and at least annually thereafter, beginning in 2009, on progress in implementing the Prosperity Agenda.
3. The appropriate officials be authorized to take the necessary action to give effect thereto.
4. The citizen members and the staff supporting the Mayor’s Economic Competitiveness Advisory Committee be thanked for their contribution to the “Agenda for Prosperity” report.
5. The “Agenda for Prosperity” report be forwarded to the City’s Agencies, Boards and Commission.
Decision Advice and Other Information
Staff Presentations were made by Deputy City Manager Sue Corke and Christine Raissis, Director, Economic Research and Business Information.
Origin
Summary
The global economy has changed significantly in recent years – increasing international competition, the sharp rise of the Canadian dollar relative to the US dollar, and the ever increasing importance of knowledge and speed of innovation. Toronto is ideally positioned and has tremendous potential for success within this new economic reality. Achieving our potential requires that we focus on economic competitiveness as a key priority and implement a collaborative agenda that takes best advantage of our many assets, including our businesses, our labour force, our schools and our creative capacity. In June 2006, Mayor Miller convened an Advisory Committee of business, labour, and academic leaders and Members of Council to prepare this agenda.
This report recommends City Council endorse the "Agenda for Prosperity: A Prospectus for a Great City", prepared by the Mayor’s Economic Competitiveness Advisory Committee. It also recommends development of an implementation plan, budget and annual report on progress to ensure ongoing accountability.
Financial Impact
There are no direct financial implications resulting from the adoption of this report.
Background Information
https://www.toronto.ca/legdocs/mmis/2008/ed/bgrd/backgroundfile-9789.pdf
Attachment - Prospectus - Mayor's Economic Competitiveness Advisory Committee
https://www.toronto.ca/legdocs/mmis/2008/ed/bgrd/backgroundfile-10049.pdf
Communications
Speakers
Anne Sado, President, George Brown College
Mark Lievonen, President, Sanofi Pasteur Limited
John Cartwright, President, Toronto and York Region Labour Council
Greg Clark, Cities and Regions
Dr. Richard Florida, Director, The Martin Prosperity Institute, Joseph L. Rotman School of Management
Councillor Shelley Carroll, Ward 33, Don Valley East
Deputy Mayor Joe Pantalone
Christine Raissis, Director, Economic Research and Business Information (Submission Filed)
Sue Corke, Deputy City Manager