Toronto releases 10 year plan to drive economic growth
Toronto Mayor Olivia Chow and her team are laying out their plan to drive economic growth. As Alan Carter explains, creating new housing and tackling congestion are key focal points of the strategy.
Posted October 16, 2024 1:48 pm.
Last Updated October 16, 2024 1:49 pm.
Mayor Olivia Chow says Toronto’s new long-term financial plan lays out a clear path toward innovation, inclusivity and sustainability.
The new staff report unveiled Wednesday puts forward a 10-year strategy designed to guide economic development in the city.
Some short-term action items include new funding to boost main street resilience and to hire an Indigenous economic development officer.
The plan also looks to add staff who would work to help grow Toronto’s global competitiveness in key sectors, such as technology, life sciences and the creative industries.
