Invest Toronto

** IMPORTANT UPDATE: As of July 15, 2016, Invest Toronto and its Board are being phased out and transitioned to "Toronto Global", a new, permanent Regional Foreign Direct Investment attraction agency in the Greater Toronto Area. As a result, applications will no longer be accepted for the Invest Toronto Board. To read City Council's recent decision about "Toronto Global" and its new governance structure, click hereOpens in new window. **


The mandate of Invest Toronto is to engage the private sector in marketing and promotion activities to increase business investment and create desirable jobs in Toronto.

The Invest Toronto Corporation was established by City Council in October 2008 under the authority of the City of Toronto Act, Ontario Regulation 609/06Opens in new window. Invest Toronto is incorporated under the Ontario Business Corporations ActOpens in new window, with the City of Toronto as its sole shareholder.

Board responsibilities

The board is responsible for supervising the management of the business and affairs of the Corporation, including the following specific activities:

  • promotion and advertising for business investment in targeted industries
  • organizing trade missions
  • coordinating with other orders of government
  • referring investors to Build Toronto

Term of office

The term of office for public members is two years, and members serve until their successors are appointed.

Composition

The board consists of 3 members:

  • The chair of the City's Economic Development Committee
  • 2 public members

Qualifications

In addition to the general eligibility requirements set out in the Public Appointments Policy, board members should collectively represent a range of expertise and be accomplished in:

  • international business
  • academics
  • marketing
  • government relations
  • labour, tourism or other marketing linkages
  • financial management expertise

Meetings

The board will determine its meeting schedule at the start of the term and at the beginning of each year.

Remuneration

The public member vice chair receives a $15,000 annual retainer (no meeting fees). No remuneration is paid to the Mayor as chair or to the other members of the board.

Related links

Membership

The current and historical Appointments for this body.