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OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE

OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE. CCIM West Economic Forum Presentation by: Rob Milligan, CEO. 2005 Economic Development Strategy.

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OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE

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  1. OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE CCIM West Economic Forum Presentation by: Rob Milligan, CEO

  2. 2005 Economic Development Strategy “The Oakville Economic Development Alliance is committed to enhancing Oakville as a diverse live/work community with a sustainable economic base that reinforces the health of the community and maintains the high quality of life” OUR VISION

  3. 2005 Economic Development Strategy OBJECTIVES • Continue development of a Business Retention and Expansion program. • Engage in business attraction programs designed to encourage investment in targeted sectors and clusters. • Promote the Town as a location for tourism investment and as a tourist destination. • Encourage the creation of an adequate supply of serviced employment lands that allow for flexible, multi-use development that supports an increase in Town-wide live/work opportunities in Oakville.

  4. Professional, Scientific & Technical Services Real Estate, Rental & Leasing Retail Trade Educational Services Management of Companies & Enterprises Competitive Analysis High Growth Clusters

  5. Competitive Analysis Carvalho Scale - Ranking Oakville’s Industrial SectorsOakville to Ontario 1999-2003 High Performers Medium Performers Poor Performers

  6. Partnerships Are Key • Town of Oakville • Oakville Chamber of Commerce • Sheridan Institute • Residents • Business Community • Oakville Hydro/Blink

  7. EMPLOYMENT LANDS • The amount of employment land designated in the Official plan is related to the amount of industrial and office employment required by the municipality to achieve Activity Rate policy goals, and to maintain a competitive supply of vacant and marketable employment lands. • The municipality will strive to maintain a minimum 15 year supply of vacant employment lands. • AVERAGE ABSORPTION FROM 1990 TO 2004 = 49.35 acres • 15 Year Supply Approximately (15 x 50) = 750 acres

  8. EMPLOYMENT LANDS

  9. INTENSIFICATION + REVITALIZATION The Game has Changed: • The knowledge-based economy depends on what economists call high human capital -- what most of us would call talent. • Nobel prize-winning economist Robert Lucas maintains that the driving force in the growth and development of cities and regions can be found in the productivity gains associated with the clustering of talented people. • But what brings talented workers to those areas? How do they make their residential and business location decisions? What sets high-technology centers such as Silicon Valley and Route 128 in Boston apart from other metropolitan areas? Why have some cities - many home to some of the nation's most prestigious university research centers and college graduates - been unable to attract talented technology workers?

  10. INTENSIFICATION + REVITALIZATION Business Retention and Expansion • B.I.A. (2) Downtown, Bronte • Kerr Street Example • Corporate call program • Target environmentally friendly businesses in the Knowledge Based/Adv. Manufacturing/Professional Services. • Use employment lands most efficiently. • Higher employment densities from head offices. Business Attraction

  11. There will be Growth

  12. OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE Thank You for Attending!

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