Item - 2013.ED19.4

Tracking Status

  • City Council adopted this item on February 20, 2013 with amendments.
  • This item was considered by Economic Development Committee on January 30, 2013 and was adopted with amendments. It will be considered by City Council on February 20, 2013.

ED19.4 - Collaborating for Competitiveness: A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto

Decision Type:
ACTION
Status:
Amended
Wards:
All

City Council Decision

City Council on February 20 and 21, 2013, adopted the following:

 

1.         City Council endorse the following economic growth and job creation objectives and targets:

 

a.         Increase employment:

i.          20,000 net new jobs per year as measured by the Toronto Employment Survey;

ii.         eliminate gap between City and national unemployment rate by end of 2018; and

iii.        request the General Manager, Economic Development and Culture, in conjunction with the City Manager, to review opportunities the Federal government has within the Income Tax Act as follows:

 

a.         tax capital gains at the same level of ordinary income;

 

b.         cap deductions or convert more deduction categories to tax credits; and

 

c.         reinvest tax revenues from the above initiatives in public transit and other municipal infrastructure programs that support economic development.

 

b.         Job Quality:

i.          year over year increase in median hourly wage rate above CPI;

ii.          increase ratio of new jobs in traded sectors to non-traded sectors to 60:40 annually;

 

c.         Net new commercial office and industrial property assessment:

i.          $400 million net new commercial and industrial current value  assessment per year (this would generate ~$15 million to $20  million in additional property tax revenue); and

 

d.         Align and harmonize City an ABCCs policies, programs and activities to create an attractive climate for business and investment

i.          Measure of alignment to be developed in 2013.

 

2.         City Council endorse the following strategies, recommendations and associated actions as also contained in the attached report (January 23, 2013) from the General Manager, Economic Development and Culture, entitled "Collaborating for Competitiveness:  A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto":

 

a.         Strategy A - Making Toronto the Most Competitive Big City in North America for Businesses.

 

Recommendation A.1:

Accelerate investments in commercial and industrial developments that enhance the City's property tax base and/or create permanent jobs.

 

Action A.1.1:

Ensure Official Plan policies and Zoning By-law regulations provide flexibility to accelerate investments in commercial and industrial developments that enhance the City's property tax base and/or create permanent jobs.

 

                                    Action A.1.2:

Reduce the time frames for the review of development applications for employment uses and consider implementation of a Development Permit System for Employment Areas.

 

Recommendation A.2:

Improve cost competitiveness that enhances the City's property tax base and/or creates permanent jobs.

 

Action A.2.1:

Continue commitment to reduce industrial and commercial property tax ratio to 2.5x residential property tax rate by 2020 or earlier and endorse in principle that all industrial development, and commercial development excluding ground floor and retail components, continue to be exempt from development charges in the upcoming development charges by-law review.

 

Action A.2.2:

Fully promote the recently renewed and modified Imagination, Manufacturing, Innovation and Technology (IMIT) program.

 

b.         Strategy B – Ensure Adequate Supply and Availability of Business Input   Essentials.

 

Recommendation B.1:

Ensure sufficient land is available to accommodate commercial and  industrial employment growth.

 

Action B.1.1:

Request the Ontario Minister of Finance to consult with the City of Toronto and MPAC to assess the impacts of valuing commercial and industrial properties in areas of rapid development at highest and best use, rather than on current use, and to identify legislative or regulatory options that support and are consistent with the City's competitiveness and business retention objectives.

 

Action B.1.2:

Ensure Official Plan policies and Zoning By-law regulations provide flexibility to permit compatible offices within employment areas.

 

Recommendation B.2:

Ensure sufficient infrastructure capacity is available to accommodate  commercial and industrial employment growth forecasts.

 

Action B.2.1:

Assess the City of Toronto's long-term capital investment program in the context of supporting economic growth and job creation with a specific focus on addressing traffic congestion including a review of the city's transportation hubs and ports, comprehensive transit plan and funding strategy, accessibility of major employment areas and a goods movement strategy and recommend adjustments if and as appropriate.

 

Action B.2.2:

Encourage and support Toronto Hydro initiatives to renew or replace ageing infrastructure to improve the reliability of electricity supply.

 

Action B.2.3:

Work with Toronto Hydro and Hydro One to initiate a strategic examination of existing and anticipated future power needs, alternative approaches to supply, distribution, conservation and demand management, including expanding co-generation and district power solutions.

 

Recommendation B.3:

Facilitate workforce development to ensure equitable opportunities for all  residents, an adequate supply of qualified labour to support economic  growth and reduce social support service costs to the City.

 

Action B.3.1:

Integrate and coordinate implementation of the Workforce Development Strategy, Toronto Child Care Service Plan, Toronto Newcomer Strategy, Toronto Strong Neighbourhoods Strategy and Collaborating for Competitiveness.

 

c.         Strategy C – Encourage Business Investment and Formation.

 

Recommendation C.1:

Help small and medium size enterprises form and prosper.

 

Action C.1.1:

Work with seasoned entrepreneurs, industry associations, and business organizations to establish wider networks of incubators, accelerators and mentors.

 

Action C.1.2:

Request the Province of Ontario to amend legislation respecting the Vacant Unit Rebate provision for commercial and industrial properties to permit municipal councils to establish graduated vacant unit rebates to induce and incent owners and tenants to meet eligibility criteria that align with the municipalities economic growth and job creation objectives; and further, request the General Manager, Economic Development and Culture, to report on options for changes to the Vacant Unit Rebate by the 4th quarter of 2013.

 

Recommendation C.2:

Attract companies and investment to Toronto.

 

Action C.2.1:

Foster effective foreign direct investment attraction  (business and capital) through a better co-ordinated sales and marketing approach using Invest Toronto,  regional bodies (e.g. GTMA), sector organizations such as the Toronto Financial Services Alliance and Tourism Toronto, the City’s partner and friendship cities, provincial and federal agencies.

 

d.         Strategy D – Boost Business Growth.

 

Recommendation D.1:

Strengthen and grow high-value sectors particularly those with high economic multipliers.

 

Action D.1.1:

Increase participation of Toronto based businesses in existing sector-based export development and market-entry programs by ensuring programs are promoted and delivered in Toronto.

 

Action D.1.2:

Lever the City's relationship with our international alliance partners and friendship cities as well as with bi-lateral business associations to establish cross-border business oriented partnerships, develop new markets and trade alliances, and act as a catalyst for new investment, as well as business, educational and cultural exchanges.

 

Action D.1.3:

Lever major events, such as the Pan/Para Pan American Games, to stimulate business alliances (including cultural relationships), develop and expand markets and attract investment.

 

Recommendation D.2:

Strengthen support for retaining and expanding manufacturing.

 

Action D.2.1:

Proactively outreach to identify and assist Toronto based manufacturers seeking global product mandates including accelerating necessary municipal approvals and advocating to/with other orders of government.

 

Action D.2.2:

Provide an annual report on the state of Manufacturing in Toronto to keep a special focus on this group of high value sectors.

 

3.         City Council approve the establishment of an Economic Growth and Job Creation Advisory Committee led by the Mayor with membership drawn from business, labour and academia, and the United Way, with an emphasis on diversity, as well as the Chair of the Economic Development Committee, the Chair of the Planning and Growth Management Committee, the Chair of the Public Works and Infrastructure Committee and two Councillors at large.

 

4.         City Council approve an Economic Growth and Job Creation Staff Team, chaired by the General Manager, Economic Development and Culture, with membership drawn from City divisions, agencies, boards, commissions and corporations that impact economic growth and job creation.

 

5.         City Council request the Economic Growth and Job Creation Staff Team, to report to the Economic Development Committee on how the economic growth and job creation targets will be achieved and identify appropriate lines of accountability while recognizing the multi-stakeholder nature of collaborative initiatives.

 

6.         City Council request the City Manager to investigate the inclusion of an "Economic Lens" in City staff reports to Council.

 

7.         City Council request the General Manager, Children's Services, in conjunction with the General Manager, Toronto Employment and Social Services, to include in the next Workforce Development Strategy Progress Report, information on the number and cost of childcare subsidies required to reduce the unemployment rate in Toronto by one (1) percent.

 

8.         City Council direct the General Manager, Economic Development and Culture, as part of the Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto, to actively assist the Chief Planner with the retention of Employment Lands, including providing expert evidence at Ontario Municipal Board hearings.

 

9.         City Council direct the General Manager, Economic Development and Culture to report back to the Economic Development Committee, as the Division implements this job strategy on an annual basis, on how job quality is enhanced through a year over year increase in the median hourly wage rate over CPI.

Background Information (Committee)

(January 23, 2013) Report from the General Manager, Economic Development and Culture on Collaborating from Competitiveness: A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55510.pdf
(January 23, 2013) Attachment 1 - Collaborating for Competitiveness: A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55511.pdf
(January 11, 2013) Report from the General Manager, Economic Development and Culture on Economic Growth Plan - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55226.pdf
(January 30, 2013) Presentation from the General Manager, Economic Development and Culture - Collaboration for Competitiveness a Strategic Plan to Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55647.pdf

Background Information (City Council)

Presentation from the General Manager, Economic Development and Culture (ED19.4a)
https://www.toronto.ca/legdocs/mmis/2013/cc/bgrd/backgroundfile-56308.pdf

Communications (Committee)

(January 30, 2013) Submission from Gay Stephenson, Danforth East Community Association (ED.New.ED19.4.1)

Motions (City Council)

1 - Motion to Amend Item moved by Councillor Shelley Carroll (Carried)

That City Council amend Economic Development and Recreation Committee Recommendation 2b, Action B.2.3, by deleting the word "reduction" and inserting the word "management" so it now reads as follows:

 

Action B.2.3:

Work with Toronto Hydro and Hydro One to initiate a strategic examination of existing and anticipated future power needs, alternative approaches to supply, distribution, conservation and demand management, including expanding co-generation and district power solutions.

Vote (Amend Item) Feb-20-2013 4:24 PM

Result: Carried Majority Required - ED19.4 - Carroll - motion 1
Total members that voted Yes: 43 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 0 Members that voted No are
Total members that were Absent: 2 Members that were absent are Michelle Berardinetti, Giorgio Mammoliti

2a - Motion to Amend Item moved by Councillor Janet Davis (Carried)

That City Council amend Economic Development Committee Recommendation 2b, Action B.3.1, by adding the words "Toronto Child Care Service Plan, Toronto Newcomer Strategy" after the words "Workforce Development Strategy" so that it now reads as follows":

 

Action B.3.1:

Integrate and coordinate implementation of the Workforce Development Strategy, Toronto Child Care Service Plan, Toronto Newcomer Strategy, Toronto Strong Neighbourhoods Strategy and Collaborating for Competitiveness.

Vote (Amend Item) Feb-20-2013 4:25 PM

Result: Carried Majority Required - ED19.4 - Davis - motion 2a
Total members that voted Yes: 42 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 1 Members that voted No are Peter Milczyn
Total members that were Absent: 2 Members that were absent are Michelle Berardinetti, Giorgio Mammoliti

2b - Motion to Amend Item (Additional) moved by Councillor Janet Davis (Carried)

That City Council request the General Manager, Children's Services, in conjunction with the General Manager, Toronto Employment and Social Services, to include in the next Workforce Development Strategy Progress Report, information on the number and cost of childcare subsidies required to reduce the unemployment rate in Toronto by one (1) percent.

Vote (Amend Item (Additional)) Feb-20-2013 4:25 PM

Result: Carried Majority Required - ED19.4 - Davis - motion 2b
Total members that voted Yes: 43 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 1 Members that voted No are Denzil Minnan-Wong
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

3a - Motion to Amend Item (Additional) moved by Councillor Paul Ainslie (Carried)
That City Council direct the General Manager, Economic Development and Culture to report back to the Economic Development Committee, as the Division implements this job strategy on an annual basis, on how job quality is enhanced through a year over year increase in the median hourly wage rate over CPI.

Vote (Amend Item (Additional)) Feb-20-2013 4:26 PM

Result: Carried Majority Required - ED19.4 - Ainslie - motion 3a
Total members that voted Yes: 43 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 1 Members that voted No are Denzil Minnan-Wong
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

3b - Motion to Amend Item moved by Councillor Paul Ainslie (Carried)

That:

 

1.         City Council amend Economic Development Committee Recommendation 1.a. by adding the following:

 

iii.        request the General Manager, Economic Development and Culture, in conjunction with the City Manager, to review opportunities the Federal government has within the Income Tax Act as follows:

 

a.         tax capital gains at the same level of ordinary income;

 

b.          cap deductions or convert more deduction categories to tax credits; and

 

c.          reinvest tax revenues from the above initiatives in public transit and other municipal infrastructure programs that support economic development.

Vote (Amend Item) Feb-20-2013 4:27 PM

Result: Carried Majority Required - ED19.4 - Ainslie - motion 3b
Total members that voted Yes: 35 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Rob Ford, Mary Fragedakis, Mark Grimes, Norman Kelly, Mike Layton, Giorgio Mammoliti, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 9 Members that voted No are Mike Del Grande, Doug Ford, Doug Holyday, Chin Lee, Gloria Lindsay Luby, Josh Matlow, Peter Milczyn, John Parker, David Shiner
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

4 - Motion to Amend Item (Additional) moved by Councillor John Filion (Carried)

That:

 

1.         City Council direct the General Manager, Economic Development and Culture, as part of the Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto, to actively assist the Chief Planner with the retention of Employment Lands, including providing expert evidence at Ontario Municipal Board hearings.

Vote (Amend Item (Additional)) Feb-20-2013 4:28 PM

Result: Carried Majority Required - ED19.4 - Filion - motion 4
Total members that voted Yes: 42 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Denzil Minnan-Wong, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 2 Members that voted No are Doug Ford, Ron Moeser
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

5 - Motion to Amend Item moved by Councillor Mike Layton (Carried)

That City Council request the General Manager of Economic Development and Culture to report on options for changes to the Vacant Unit Rebate (Action 2.C.1.2) by the 4th quarter of 2013.

Vote (Amend Item) Feb-20-2013 4:29 PM

Result: Carried Majority Required - ED19.4 - Layton - motion 5
Total members that voted Yes: 42 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, John Parker, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 2 Members that voted No are Mike Del Grande, David Shiner
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

Motion to Adopt Item as Amended (Carried)

Vote (Adopt Item as Amended) Feb-20-2013 4:30 PM

Result: Carried Majority Required - ED19.4 - Adopt the item as amended
Total members that voted Yes: 43 Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bail„o, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Mike Del Grande, Frank Di Giorgio, Sarah Doucette, John Filion, Paula Fletcher, Doug Ford, Rob Ford, Mary Fragedakis, Mark Grimes, Doug Holyday, Norman Kelly, Mike Layton, Chin Lee, Gloria Lindsay Luby, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Peter Milczyn, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Anthony Perruzza, Jaye Robinson, David Shiner, Karen Stintz, Michael Thompson, Adam Vaughan, Kristyn Wong-Tam
Total members that voted No: 1 Members that voted No are John Parker
Total members that were Absent: 1 Members that were absent are Michelle Berardinetti

ED19.4 - Collaborating for Competitiveness: A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto

Decision Type:
ACTION
Status:
Amended
Wards:
All

Committee Recommendations

The Economic Development Committee recommends that:

 

1.         City Council endorse the following economic growth and job creation objectives and targets:

 

a.         Increase employment:

i.          20,000 net new jobs per year as measured by the Toronto Employment Survey;

ii.          eliminate gap between City and national unemployment rate by end of 2018;

 

b.         Job Quality:

i.          year over year increase in median hourly wage rate above CPI;

ii.          increase ratio of new jobs in traded sectors to non-traded sectors to 60:40 annually;

 

c.         Net new commercial office and industrial property assessment:

i.          $400 million net new commercial and industrial current value  assessment per year (this would generate ~$15 million to $20  million in additional property tax revenue);

 

d.         Align and harmonize City an ABCCs policies, programs and activities to create an attractive climate for business and investment

i.          Measure of alignment to be developed in 2013.

 

2.         City Council endorse the following strategies, recommendations and associated actions as also contained in the attached report (January 23, 2013) from the General Manager, Economic Development and Culture, entitled "Collaborating for Competitiveness:  A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto":

 

a.         Strategy A - Making Toronto the Most Competitive Big City in North America for Businesses.

 

Recommendation A.1:

Accelerate investments in commercial and industrial developments that enhance the City's property tax base and/or create permanent jobs.

 

Action A.1.1:

Ensure Official Plan policies and Zoning By-law regulations provide flexibility to accelerate investments in commercial and industrial developments that enhance the City's property tax base and/or create permanent jobs.

 

                                    Action A.1.2:

Reduce the time frames for the review of development applications for employment uses and consider implementation of a Development Permit System for Employment Areas.

 

Recommendation A.2:

Improve cost competitiveness that enhances the City's property tax base and/or creates permanent jobs.

 

Action A.2.1:

Continue commitment to reduce industrial and commercial property tax ratio to 2.5x residential property tax rate by 2020 or earlier and endorse in principle that all industrial development, and commercial development excluding ground floor and retail components, continue to be exempt from development charges in the upcoming development charges by-law review.

 

Action A.2.2:

Fully promote the recently renewed and modified Imagination, Manufacturing, Innovation and Technology (IMIT) program.

 

b.         Strategy B – Ensure Adequate Supply and Availability of Business Input   Essentials.

 

Recommendation B.1:

Ensure sufficient land is available to accommodate commercial and  industrial employment growth.

 

Action B.1.1:

Request the Ontario Minister of Finance to consult with the City of Toronto and MPAC to assess the impacts of valuing commercial and industrial properties in areas of rapid development at highest and best use, rather than on current use, and to identify legislative or regulatory options that support and are consistent with the City's competitiveness and business retention objectives.

 

Action B.1.2:

Ensure Official Plan policies and Zoning By-law regulations provide flexibility to permit compatible offices within employment areas.

 

Recommendation B.2:

Ensure sufficient infrastructure capacity is available to accommodate  commercial and industrial employment growth forecasts.

 

Action B.2.1:

Assess the City of Toronto's long-term capital investment program in the context of supporting economic growth and job creation with a specific focus on addressing traffic congestion including a review of the city's transportation hubs and ports, comprehensive transit plan and funding strategy, accessibility of major employment areas and a goods movement strategy and recommend adjustments if and as appropriate.

 

Action B.2.2:

Encourage and support Toronto Hydro initiatives to renew or replace ageing infrastructure to improve the reliability of electricity supply.

 

Action B.2.3:

Work with Toronto Hydro and Hydro One to initiate a strategic examination of existing and anticipated future power needs, alternative approaches to supply, distribution, conservation and demand reduction, including expanding co-generation and district power solutions.

 

Recommendation B.3:

Facilitate workforce development to ensure equitable opportunities for all  residents, an adequate supply of qualified labour to support economic  growth and reduce social support service costs to the City.

 

Action B.3.1:

Integrate and coordinate implementation of the Workforce Development Strategy, Toronto Strong Neighbourhoods Strategy and Collaborating for Competitiveness.

 

c.         Strategy C – Encourage Business Investment and Formation.

 

Recommendation C.1:

Help small and medium size enterprises form and prosper.

 

Action C.1.1:

Work with seasoned entrepreneurs, industry associations, and business organizations to establish wider networks of incubators, accelerators and mentors.

 

Action C.1.2:

Request the Province of Ontario to amend legislation respecting the Vacant Unit Rebate provision for commercial and industrial properties to permit municipal councils to establish graduated vacant unit rebates to induce and incent owners and tenants to meet eligibility criteria that align with the municipalities economic growth and job creation objectives.

 

Recommendation C.2:

                           Attract companies and investment to Toronto.

 

Action C.2.1:

Foster effective foreign direct investment attraction  (business and capital) through a better co-ordinated sales and marketing approach using Invest Toronto,  regional bodies (e.g. GTMA), sector organizations such as the Toronto Financial Services Alliance and Tourism Toronto, the City’s partner and friendship cities, provincial and federal agencies.

 

d.         Strategy D – Boost Business Growth.

 

Recommendation D.1:

Strengthen and grow high-value sectors particularly those with high economic multipliers.

 

Action D.1.1:

Increase participation of Toronto based businesses in existing sector-based export development and market-entry programs by ensuring programs are promoted and delivered in Toronto.

 

Action D.1.2:

Lever the City's relationship with our international alliance partners and friendship cities as well as with bi-lateral business associations to establish cross-border business oriented partnerships, develop new markets and trade alliances, and act as a catalyst for new investment, as well as business, educational and cultural exchanges.

 

Action D.1.3:

Lever major events, such as the Pan/Para Pan American Games, to stimulate business alliances (including cultural relationships), develop and expand markets and attract investment.

 

Recommendation D.2:

Strengthen support for retaining and expanding manufacturing.

 

Action D.2.1:

Proactively outreach to identify and assist Toronto based manufacturers seeking global product mandates including accelerating necessary municipal approvals and advocating to/with other orders of government.

 

Action D.2.2:

Provide an annual report on the state of Manufacturing in Toronto to keep a special focus on this group of high value sectors.

 

3.         City Council approve the establishment of an Economic Growth and Job Creation Advisory Committee led by the Mayor with membership drawn from business, labour and academia, and the United Way, with an emphasis on diversity, as well as the Chair of the Economic Development Committee, Chair of the Planning and Growth Management Committee, Chair of the Public Works and Infrastructure Committee and two Councillors at large.

 

4.         City Council approve an Economic Growth and Job Creation Staff Team, chaired by the General Manager, Economic Development & Culture, with membership drawn from City Divisions, Agencies, Boards, Commissions & Corporations that impact economic growth and job creation.

 

5.         City Council request the Economic Growth and Job Creation Staff Team, to report to the Economic Development Committee on how the economic growth and job creation targets will be achieved and identify appropriate lines of accountability while recognizing the multi-stakeholder nature of collaborative initiatives.

 

6.         City Council request the City Manager to investigate the inclusion of an "Economic Lens" in City Staff Reports to Council.

Origin

(January 23, 2013) Report from the General Manager, Economic Development and Culture

Summary

Collaborating for Competitiveness:  A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto presents recommendations and actions that City Council and staff can initiate in this term of Council to create a more attractive climate for business growth and investment attraction, foster job creation, and improve the City's finances.  The recommendations are focused, concrete and actionable.  Ongoing monitoring of both performance indicators and changing conditions are also incorporated as well as mechanisms to ensure continuous improvement.

 

Implementing this strategic plan will require a coordinated and integrated approach involving internal and external stakeholders.  This approach can be established by creating appropriate forums for the exchange of information, development of common objectives, concurrent consideration of requirements and implementation plans. 

 

This report recommends City Council endorse the objectives, targets, strategies, recommendations and actions contained in Collaborating for Competitiveness:  A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto. 

Background Information

(January 23, 2013) Report from the General Manager, Economic Development and Culture on Collaborating from Competitiveness: A Strategic Plan to Accelerate Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55510.pdf
(January 23, 2013) Attachment 1 - Collaborating for Competitiveness: A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55511.pdf
(January 11, 2013) Report from the General Manager, Economic Development and Culture on Economic Growth Plan - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55226.pdf
(January 30, 2013) Presentation from the General Manager, Economic Development and Culture - Collaboration for Competitiveness a Strategic Plan to Economic Growth and Job Creation in Toronto
https://www.toronto.ca/legdocs/mmis/2013/ed/bgrd/backgroundfile-55647.pdf

Communications

(January 30, 2013) Submission from Gay Stephenson, Danforth East Community Association (ED.New.ED19.4.1)

Speakers

Pedro Barata, Vice President, Communications and Public Affairs, United Way Toronto
Gay Stephenson, Owner, Danforth East Community Association/Renew East Danforth Committee
Councillor Janet Davis

Motions

1 - Motion to Amend Item (Additional) moved by Councillor Michael Thompson (Carried)

That the recommendations in the report be amended as follows:

 

A.        Delete the following Action B.1.1. found within Recommendation 2 b  (Strategy B – Ensure Adequate Supply and Availability of Business Input Essentials)

 

Action B.1.1:

Request the Ontario Minister of Finance, in consultation with MPAC, give consideration to making the necessary regulation that would have commercial and industrial operations in areas of rapid development within the City assessed at their current use rather than highest and best use implied by market value.

 

And replace it with the following:

 

Action B.1.1:

Request the Ontario Minister of Finance to consult with the City of Toronto and MPAC to assess the impacts of valuing commercial and industrial properties in areas of rapid development at highest and best use, rather than on current use, and to identify legislative or regulatory options that support and are consistent with the City's competitiveness and business retention objectives.

 

B.        Add following new recommendations:

 

3.         City Council approve the establishment of an Economic Growth and Job Creation Advisory Committee led by the Mayor with membership drawn from business, labour and academia, and the United Way, with an emphasis on diversity, as well as the Chair of the Economic Development Committee, Chair of the Planning and Growth Management Committee, Chair of the Public Works and Infrastructure Committee and two Councillors at large.

 

4.         City Council approve an Economic Growth and Job Creation Staff Team, chaired by the General Manager, Economic Development & Culture, with membership drawn from City Divisions, Agencies, Boards, Commissions & Corporations that impact economic growth and job creation.

 

5.         City Council request the Economic Growth and Job Creation Staff Team, to report to the Economic Development Committee on how the economic growth and job creation targets will be achieved and identify appropriate lines of accountability while recognizing the multi-stakeholder nature of collaborative initiatives.

 

6.         City Council request the City Manager to investigate the inclusion of an "Economic Lens" in City Staff Reports to Council.

 

 

 


2 - Motion to Amend Item (Additional) moved by Councillor Michael Thompson (Carried)
That City Council request the General Manager of Economic Development and Culture to consult with Renew East Danforth and its partners in the development of options for the Vacant Unit Rebate, and to work with them to provide support for their Pop Up Shop initiatives.
 

3 - Motion to Adopt Item as Amended moved by Councillor Michael Thompson (Carried)
Source: Toronto City Clerk at www.toronto.ca/council